Indonesian Consumer Spending Maintains Momentum Ahead of Year-End Holidays

Strong Retail Performance in November 2025

Indonesia's economic indicators show continued strength in consumer spending as the year-end holiday season approaches. According to Finance Minister Purbaya Yudhi Sadewa, the real sales index rose to 5.94 in November 2025, indicating robust consumer activity. This growth was primarily driven by increased sales in food and beverage categories as well as automotive spare parts, reflecting both consumption and mobility trends.

Key Factors Behind Consumer Resilience

The sustained consumer spending can be attributed to several factors. First, the overall economic environment has remained relatively stable, supporting consumer confidence. Second, the approaching year-end holiday season typically boosts consumption as people prepare for celebrations and travel. The minister highlighted that this trend demonstrates continued consumer optimism despite global economic uncertainties.

Sectoral Performance Highlights

The strong performance in retail sales was led by:

1. Food and beverage categories
2. Automotive spare parts sales
3. Increased mobility-related spending

These categories indicate that both essential consumption and discretionary spending related to travel and celebrations are contributing to the positive trend.

Economic Implications

The positive retail sales data provides encouraging signs for Indonesia's economic outlook. Strong consumer spending is likely to support overall economic growth in the final quarter of 2025. The government will be monitoring these trends closely as they have significant implications for fiscal and monetary policy decisions moving into 2026.