Consumers Remained Optimistic - Bank Sentral Republik Indonesia
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May 25, 2019

The Consumer Survey conducted by Bank Indonesia in February 2019 revealed how consumers have remained optimistic (>100) in current economic dynamics. The Consumer Confidence Index (CCI) recorded at 125.1, relatively stable compared with 125.5 in January 2019.

Consumer optimism was buoyed by improving expectations of future economic conditions along with solid expectations regarding current economic dynamics. The respondents predicted rising incomes and increasing job availability in the next 6 months, which raised expectations concerning future economic conditions. Meanwhile, the Current Economic Condition Index (CECI) remained in optimistic territory despite retreating slightly on the previous period.

The latest survey also pointed to a build-up of inflationary pressures in the next 3 months (May 2019) on the back of a seasonal spike in demand for goods and services during Ramadan and the approach to Eid-ul-Fitr. Conversely, respondents predicted milder inflationary pressures in the next 6 months (August 2019) as the supply of consumer goods is maintained and demand for goods and services returns to normal.

The complete survey result is available in the Customer Survey on the website of Bank Indonesia.

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