Indonesia's consumer confidence index fell to a four-month low of 124.5 in March 2019 from 125.1 in the previous month. The gauge measuring current economic conditions declined to 108.9 from 109.4 in February, and the economic condition expectation index also edged down to 140.2 from 140.9. Meanwhile, inflationary pressures are expected to decrease in the next 12 month (169.2 from 171.6). Consumer Confidence in Indonesia averaged 98.67 Index Points from 2000 until 2019, reaching an all time high of 128.10 Index Points in June of 2018 and a record low of 9.60 Index Points in March of 2001.
Consumer Confidence in Indonesia is expected to be 122.40 Index 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 125.00 in 12 months time. In the long-term, the Indonesia Consumer Confidence is projected to trend around 128.00 Index Points in 2020, according to our econometric models.