Jakarta (VNA) – A survey by the Bank of Indonesia (BI) revealed that retailsales in the country improved in June, though it is still in a contractionaryphase.
Real SalesIndex (IPR) in June contracted 17.1 percent year-on-year, improving from acontraction of 20.6 percent year-on-year in May.
Salesimprovement was seen in almost all commodity groups surveyed, especially for motor vehicle fuels, food, beverages and tobacco, and information and communication equipment, in line with the easing of large-scalesocial restrictions.
In July, there were indications that retailsales performance will continue to improve, even though it is stillcontracting. This is reflected in the forecast for July IPR growth of minus 12.3 percent year-on-year, up from minus 17.1 percent in the previous month.
Inflationarypressure is predicted to ease in the third quarter of 2020, and to increase inthe second half of the year.
Real SalesIndex (IPR) in June contracted 17.1 percent year-on-year, improving from acontraction of 20.6 percent year-on-year in May.
Salesimprovement was seen in almost all commodity groups surveyed, especially for motor vehicle fuels, food, beverages and tobacco, and information and communication equipment, in line with the easing of large-scalesocial restrictions.
In July, there were indications that retailsales performance will continue to improve, even though it is stillcontracting. This is reflected in the forecast for July IPR growth of minus 12.3 percent year-on-year, up from minus 17.1 percent in the previous month.
Inflationarypressure is predicted to ease in the third quarter of 2020, and to increase inthe second half of the year.
Indications of a decline in price pressure arereflected in the Q3 General Price Expectation Index (GPIE) of 131.5, lower thanthe previous GPIE of 138.6.
Meanwhile, theGPIE for the next 6 months was recorded at 156.1, higher than the previous GPIEof 142.5. This increase is in line with the predicted increase in activityduring the Christmas and year-end holidays./.
Meanwhile, theGPIE for the next 6 months was recorded at 156.1, higher than the previous GPIEof 142.5. This increase is in line with the predicted increase in activityduring the Christmas and year-end holidays./.
VNA
