FX.co ★ Indonesia’s Retail Sales Growth Cools to 0.6% in September, Signaling Softer Consumer Demand

Indonesia’s retail sales growth slowed in September 2026, with year-over-year expansion easing to 0.6%, down from 1.3% in August 2026. The latest data, updated on 10 November 2026, point to a moderation in consumer spending momentum in Southeast Asia’s largest economy.

Both the current and previous readings reflect year-over-year changes, comparing each month’s performance with the same month a year earlier. The September figure suggests that, while retail activity is still expanding, the pace of growth has nearly halved compared with August, hinting at more cautious household spending.

Investors and policymakers will be watching upcoming data closely to gauge whether the September slowdown marks a temporary pause or the start of a more persistent soft patch in domestic demand, a key pillar of Indonesia’s economic growth outlook.