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Retail Sales Forecast to Contract as Consumer Sentiment Weakens - Phintraco Sekuritas

Retail Sales Forecast to Contract as Consumer Sentiment Weakens

13 Mar 2025 Valdy

Consumer confidence in February 2025 slightly decreased, as indicated by a drop in the overall Consumer Confidence Index, primarily due to lowered expectations regarding future job prospects. However, economic conditions, such as purchases of durable goods and income, showed positive growth. This shift in sentiment is accompanied by consumers prioritizing immediate spending over savings and debt repayment, potentially influenced by high interest rates. This is reflected in a projected retail sales growing on monthly basis because upcoming to Ramadhan.