Indonesia_Consumer_Confidence_March

Indonesia:  March Consumer Confidence Index

Stable at the Optimistic Level

Indonesia’s consumer confidence index (CCI or “Indeks Kepercayaan Konsumen”) for March, based on the survey conducted by the central bank Bank Indonesia pointed to a composite figure of 123.3 in March (February: 122.4). On a quarterly basis, an average of 122.9 (in Chart 1), the CCI was several ticks higher as compared to the 4Q last year of an average 119.7 index points (pt). This implies that the relatively strong domestic foothold is maintained despite external volatilities during the time period.

Respondents in higher spending brackets were more optimistic in March (in Chart 2), while the lowest level of spending brackets was less optimistic. This may suggest that those in higher brackets of spending may have more access to information.

Cheers,