Jakarta. Car sales in Indonesia are likely to remain flat in 2016 following yet another monthly decline in October as consumer power flags, the industry’s top executive says.

“Sales will probably be stagnant next year since monthly demands have still not picked up,” Sudirman M.R., the chairman of the Indonesian Automotive Industry Association (Gaikindo), told reporters in Jakarta on Monday.

The association projects sales of 950,000 to a million cars this year, down nearly a fifth from the 1.2 million units sold last year, after revising down from an earlier projection of 1.1 million.

Sudirman, a director at Astra International, Indonesia’s biggest automotive distributor, said carmakers sold about 88,000 units last month, down from 105,222 in October last year.

Sales from January through October this year amount to 852,683 units, an 18 percent decline from 1.04 million units in the same period last year.

“There was an uptick in sales in September on a monthly basis, but then car sales declined again in October,” Sudirman said.

Car sales are seen as one of the bellwethers of household consumption in Indonesia, which accounts for 56 percent of the country’s economy.

Finance Minister Bambang Brodjonegoro has predicted GDP growth this year will slow to 4.8 percent, before picking up to 5.3 percent next year. The economy grew by 4.73 percent through the third quarter of 2015.