Indonesia's consumer confidence index increased to 126.4 in December 2019 from 124.2 in the previous month. This was the strongest reading since June, with all main sub-indices rising: economic outlook (up by 0.5 points to 139.6); current economic conditions (up by 3.8 points to 113.1); job availability compared to six months ago (up 6.6 points to 101.1); job availability expectations (up 0.4 points to 127.1); current income (up 1.1 points to 120.7); and income expectations for the next six months (up 1.5 points to 152.7). Consumer Confidence in Indonesia averaged 99.66 points from 2000 until 2019, reaching an all time high of 128.20 points in May of 2019 and a record low of 9.60 points in March of 2001. source: Bank Indonesia
Consumer Confidence in Indonesia is expected to be 125.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Indonesia to stand at 128.00 in 12 months time. In the long-term, the Indonesia Consumer Confidence is projected to trend around 128.00 points in 2020, according to our econometric models.