Bank Indonesia Survey: Retail Sales Down 2.7 Per Cent in January 2026
Based on a survey conducted by Bank Indonesia (BI), retail sales performance in January 2026 recorded a contraction of 2.7 per cent month-on-month. This represents a decline compared to the previous month, which grew by 3.1 per cent month-on-month.
Ramdan Denny Prakoso, Executive Director of BI’s Department of Communication, explained that this decline aligns with the normalisation of consumer spending following the Christmas and New Year period.
Upon breakdown, the Cultural Goods and Recreation category was the only segment to expand, growing by 3 per cent month-on-month. Meanwhile, all other categories recorded contractions.
The Information and Communication Equipment category contracted by 7.7 per cent month-on-month; Spare Parts and Accessories contracted by 3.8 per cent month-on-month; Food, Beverages, and Tobacco contracted by 2.5 per cent month-on-month; and the Apparel subcategory contracted by 3 per cent month-on-month.
Based on BI’s survey, retail sales are expected to increase in February 2026, both year-on-year and month-on-month. This is reflected in the Real Sales Index for February 2026, which is projected to grow by 6.9 per cent year-on-year,” Denny stated on Tuesday, 10 March 2026.
Retail sales performance is expected to be driven by increased sales across the majority of categories, particularly Spare Parts and Accessories, Other Household Furnishings, and the Apparel subcategory. On a monthly basis, BI estimates retail sales in February 2026 will rise by 4.4 per cent month-on-month.
From the survey results, BI recorded the Real Sales Index (IPR) for January 2026 at 223.6, representing growth of 5.7 per cent year-on-year. This represents an improvement compared to December 2025, which grew by 3.5 per cent year-on-year.
“In January 2026, the IPR grew by 5.7 per cent year-on-year, primarily supported by growth in Cultural Goods and Recreation, Food, Beverages, and Tobacco, as well as the Apparel subcategory,” Denny said.
The Cultural Goods and Recreation category grew by 15.9 per cent year-on-year, whilst Food, Beverages, and Tobacco expanded by 8.1 per cent year-on-year. The Apparel subcategory, meanwhile, grew by 3.4 per cent year-on-year.