Indonesia Consumer Confidence Hits Six-Month High in October
Jakarta. Indonesian consumer confidence climbed to its strongest level since April, with Bank Indonesia’s latest survey showing optimism about current and future economic conditions.
The central bank said Monday that the Consumer Confidence Index reached 121.2 in October, up from 115.0 in September, firmly above the 100 threshold that indicates optimism. BI said the improvement reflects stronger sentiment toward both the current economy and the outlook for the next six months.
Both key components of the index improved: the Current Economic Condition Index rose to 109.1 from 102.7, while the Consumer Expectation Index strengthened to 133.4 from 127.2.
Consumers across all spending groups reported higher optimism, with the strongest confidence found among respondents spending more than Rp5 million per month, where the index reached 125.3. The 20–30 year age group recorded the highest optimism across age segments, at 125.0.
Most surveyed cities --including Medan, Pontianak, and Padang-- also showed stronger sentiment.
The improved current-conditions index was supported by gains in all subcomponents: income conditions rose to 117.1, durable goods purchases to 107.5, and job availability to 102.6. Expectations for the next six months also strengthened, driven by rising expectations for income, job availability, and business activity.
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