Indonesia Retail growth in the second top Asia-Pacific

Indonesia retail sector growth in the year 2008 still sit second position after China in the Asia Pacific region. Although the crisis was, retail growth in Indonesia is still growing in 21.1% of the value of sales.

Thus presented by Retailer Service Director of AC Nielsen Yongky Surya Susilo in a press conference in Jakarta on Thursday (19/3/2009).

Say, although in the year 2008 begins with the increase in food prices that high, thus making the retail in the country is very cautious in developing the strategy. As a result, consumer purchasing power over the class was still awake even though there are some aspects that create a decrease in growth.

"Although consumer confidence in the index to decline, consumer purchasing power decreases and classes to the penetration of modern retail is also down, retail industry does not make Indonesia's ranking fell from top 2 Asia Pacific," he said.

Yongky said, out of position throughout the month of January-November 2008 from the same period in 2007 China's retail growth in Asia Pacific still leads at the top with 22% growth in sales volume and 10.4%, followed by Indonesia, India and Singapore.

Meanwhile, Hong Kong experienced sales growth rate of 9.9% and 0.5% volume. India and 18.4% for sales, 6.6% for volume. Indonesian sales to grow 20.6% volume and 4.5%, Malaysia 11.8% sales volume grew 3% Philippines ago sales grew only 7.7% Singapore 3.6% volume sales grew 11.9%, and volume 5, Thailand 8% and sales grew 8% and 3.3% volume.

While the two countries in the Asia-Pacific growth minus the South Korea in the volume growth of minus 5.1% and 9.7%, and sales in Taiwan sales down 3.4% and 7.3% volume.

"The minus is that irrespective of the impact of the crisis," Yongky said.