Indonesia Retail Sales Fell 0.3% YoY in Apr-25, First Decline in a Year

Indonesia Retail Sales Fell 0.3% YoY in Apr-25, First Decline in a Year

Indonesia’s retail sales contracted 0.3% YoY in Apr-25 (vs +5.5% in Mar-25), marking the first annual decline since Apr-24. The drop was led by deeper declines in sales of info-comm equipment (-25.1% vs -12.9% in Mar), household appliances (-10.5% vs -5.7%), and clothing (-5.4%). Growth slowed in auto parts, F&B, and recreational goods, while fuel sales jumped to 8.3%. MoM, sales fell 5.1% (vs +13.6% in Mar-25). (Trading Economics)

BCAS | SQ | BBCA: 5M25 Net Profit Grew +16.3% YoY

- BBCA’s interest income rose to IDR 38.3 tn in 5M25 (+6.7% YoY), with May-25 contributing IDR 7.95 tn (+4.2% MoM; +9.0% YoY). Interest expense increased slightly to IDR 5.2 tn (+5.9% YoY), with May-25 at IDR 1.1 tn (+0.6% MoM; +16.7% YoY). Net interest income reached IDR 33.1 tn (+6.8% YoY), with May-25 at IDR 6.9 tn (+4.8% MoM; +7.9% YoY).
- Non-interest income jumped to IDR 11.8 tn (+26.8% YoY), with May-25 at IDR 2.0 tn (+5.0% MoM; +4.2% YoY).
- Provisioning declined significantly to IDR 1.4 tn (-18.1% YoY), with May-25 at IDR 136 bn (-69.7% MoM; -58.4% YoY).
- PPOP increased to IDR 32.0 tn (+14.8% YoY), with May-25 at IDR 6.3 tn (+5.2% MoM; +8.8% YoY).
- Net profit rose to IDR 25.2 tn (+16.3% YoY), while May-25 net profit stood at IDR 4.9 tn (+9.7% MoM; +12.0% YoY).
- In 5M25, NIM slightly improved to 5.9% (5M24: 5.8%). LDR improved to 80.0% (5M24: 75.5%), while CASA increased to 83.2% (5M24: 81.8%). Loan growth slowed to 11.8% (5M24: 15.9%), while deposit growth slightly improved to 5.6% (5M24: 5.1%)