Indonesias Consumer Confidence in Economic Conditions Improves

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 8 Maret 2021
Category: News
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Source: PR of BI

A consumer survey by central bank Bank Indonesia (BI) in February 2021 showed that the Consumer Confidence Index in February 2021 slightly rose to 85.8 from 84.9 in January 2021.

Respondents with the spending rate of Rp1-3 million per month have reported increased consumer confidence. Spatially, consumer confidence improved in 7 cities where the survey took place, with the highest increase in Surabaya city, followed by Manado and Makassar, stated BIs Head of Communication Department Erwin Haryono in a press statement on Monday (08/03).

Erwin added that the improved consumer confidence in February 2021 was thanks to the perception of the current economic conditions, including the aspects of job availability, income, and timeliness of durable goods purchase.

Meanwhile, consumer expectation of the future economic conditions remains positive and it is relatively stable compared to the expectation in the previous month, supported by expectation of future income, he said.

The complete survey results is available on Consumer Survey on the website of Bank Indonesia. (PR of BI/UN) (DH/EP)

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