Indonesia’s consumer confidence in May grows to 104.4

Jakarta (Indonesia Window) – Indonesia’s Consumer Confidence Index (CCI) increasing to 104.4 in the reporting period from 101.5 in April 2021 as the economic conditions continued to grow.

The consumer optimism was observed to improve in most categories of expenditure level, education level, and age group of respondents, according to a consumer survey conducted by the central bank, Bank Indonesia, made available here on Wednesday (June 9).

Spatially, the consumer confidence improved in the six cities surveyed, with the highest level in Medan (North Sumatra province), followed by Surabaya (East Java province) and Manado (North Sulawesi province).

The consumer confidence in May 2021 was stoked by consumer perception of the current economic conditions, despite remaining below the 100-point threshold indicating pessimism, particularly in terms of job availability, incomes and conditions for buying durable goods.

The survey showed consumer expectations of the economic conditions would remain relatively stable in the future.

Meanwhile, expectations of job availability increased, while those of business activities and incomes were quite strong although lower than the level in April 2021.

Reporting by Indonesia Window