Indonesia’s consumer confidence up in December

13-Jan-2021 Intellasia | Xinhua | 6:02 AM Print This Post

A survey made by Indonesia’s central bank in December indicated that Indonesia’s consumer confidence had increased, nearing the optimistic zone on the country’s economic condition, an official said.

The increase was reflected in the December 2020 Consumer Confidence Index of 96.5, compared to 92.0 in the previous month, Head of Communication Department at Bank Indonesia, Erwin Haryono, said in a statement on Monday.

The stronger consumer confidence was seen in all categories of expenditures and education, Haryono said.

The consumer confidence improved in the 14 cities surveyed, with the highest increase recorded in Lampung province’s capital of Bandar Lampung, followed by the national capital of Jakarta and Bali province’s capital of Denpasar, he said.

According to him, the improving consumer confidence in December 2020 was driven by enhanced perception of the current economic condition and the expectation for the future.

He pointed out that the improving perception was supported by the available job opportunities which prompted expectation for the future, incomes, and punctual purchases of durable goods.


Category: Indonesia

Print This Post

Leave a Reply

You must be logged in to post a comment.