Survey Indicated Restrained Consumer Confidence in August 2021: BI

Jakarta: The latest Consumer Survey conducted by Bank Indonesia (BI) in August 2021 indicated restrained consumer confidence in economic conditions as the Indonesian Government extends mobility restrictions to overcome an increase in covid-19 cases.
 
Such conditions were reflected by a lower 77.3 Consumer Confidence Index (CCI) compared with 80.2 in July 2021. 
 
"Meanwhile, consumer expectations of future economic conditions have shown early signs of improving," said BI Communication Department Head Erwin Haryono in a press release on Wednesday.
According to him, it was driven by expectations of incomes and business activity moving forward in response to greater mobility as restrictions on public activity are relaxed.
 
The Consumer Confidence Index (CCI) is a simple average of the Current Economic Condition Index (CECI) and Consumer Expectation Index (CEI). 
 
CECI reflects consumer confidence in current incomes, conditions for buying durable goods and job availability compared with conditions six months earlier.