Consumer confidence up as spending recovers slowly
Indonesian consumer confidence strengthened in August, buoyed by a more positive public assessment of the job market and household spending plans, though retail spending is recovering only slowly.
Consumer confidence in Indonesia surged in August, driven by a more optimistic outlook on the job market and household spending plans, according to data released by Bank Indonesia. The Consumer Confidence Index (CCI) reached 118.5 points, up from 116.8 in July. The Current Economic Condition Index (CECI) climbed to 109.4, while the Consumer Expectations Index (CEI) increased to 127.6.
These improvements were largely attributed to a more positive perception of employment opportunities and plans for purchasing durable goods. The Job Availability Index rose to 104.1, and the Durable Goods Purchasing Index increased to 106.1. Despite these positive trends, retail spending is still recovering only gradually. The CCI gauges consumer optimism about economic conditions and financial situations based on nationwide surveys. Higher index values indicate more positive assessments.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
