Jakarta: The latest Consumer Survey conducted by Bank Indonesia (BI) in August 2019 confirmed that consumer confidence has been maintained, as reflected by a Consumer Confidence Index (CCI) in the optimistic zone (above 100) at a level of 123.1, notwithstanding a slight decline from 124.8 the month earlier.
"Consumers have remained upbeat based on their perception of current economic dynamics," the central bank said in a press statement released on Thursday, September 5, 2019.
Despite retreating compared with conditions in the previous period, consumers were more optimistic regarding job availability and conditions for buying durable goods.
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Furthermore, consumer expectations concerning future economic dynamics remained in optimistic territory, despite moderating in terms of income and business activity in the upcoming 6 months.
Consumers predicted milder inflationary pressures in the next 6 months (February 2020), supported by adequate availability of commodities and the smooth distribution of goods.
Such developments were corroborated by a decrease in the 6-month Price Expectations Index (PEI) from 174.9 last month to 170.0 in the reporting period.