Indonesia’s consumer confidence index rises to 107.4 in June

Jakarta (Indonesia Window) – Indonesia’s consumer index in June 2021 increased to 107.4 from 104.4 in May 2021, according to the latest consumer survey conducted by the central bank.

That condition needs to be maintained and perceived in line with the implementation of the current Emergency Public Activity Restrictions due to escalating COVID-19 cases in Indonesia, Head of Communication Department of central bank Bank Indonesia Erwin Haryono said in a statement on Thursday.

According to him, consumers were more optimistic in June 2021 given improving consumer perception of the current economic conditions, despite remaining in the pessimistic territory or less than 100.

The consumer optimism was observed to improve across all categories of spending and education as well as most age brackets, Erwin noted, adding that regionally, consumers were more upbeat in eight of the cities surveyed, led by Banten, Denpasar (Bali) and Mataram (West Nusa Tenggara).

On a quarterly basis, the consumer confidence exceeded the 100-point threshold, indicating optimism at 104.4 in the second quarter of 2021, up from a pessimistic 88.0 in the first quarter and 82.1 in the second quarter.

Reporting by Indonesia Window