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.

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Indonesia Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
126.40 124.20 128.20 9.60 2000 - 2019 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 03:00 AM Sep 121.8 123.1 121.9
2019-11-05 03:00 AM Oct 118.4 121.8 121.5
2019-12-05 03:00 AM Nov 124.2 118.4 118
2020-01-07 03:00 AM Dec 126.4 124.2 123.4
2020-02-06 03:00 AM Jan 126.4 126


News Stream
2019-12-05
Indonesia Consumer Morale Strongest in 4 Months
Indonesia's consumer confidence index increased to 124.2 in November 2019 from 118.4 in the previous month. This was the strongest reading since July, with all main sub-indices rising: economic outlook (up by 7.1 points to 139.1); current economic conditions (up by 4.5 points to 109.3); job availability compared to six months ago (up 5.1 points to 94.5); job availability expectations (up 7.8 points to 126.7); current income (up 4.5 points to 119.6); and income expectations for the next six months (up 4.8 points to 151.2).

2019-11-05
Indonesia Consumer Morale Weakest in 2-1/2 Years
Indonesia's consumer confidence index declined to 118.4 in October 2019 from 121.8 in the previous month. This was the weakest reading since February 2017, with all sub-indices declining: economic outlook (down by 4.2 points to 132.0); current economic conditions (down by 2.7 points to 104.8); job availability compared to six months ago (down 2.5 points to 89.4); job availability expectations (down 3.7 points to 118.9); current income (down 3.8 points to 115.1); and income expectations for the next six months (down 2.5 points to 146.4).

2019-10-04
Indonesia Consumer Morale Weakest in 11 Months
Indonesia's consumer confidence index declined to 121.8 in September 2019 from 123.1 in the previous month. This was the weakest reading since October last year, as the index of current economic conditions fell by 2.8 points (107.5 vs 110.3) due to confidence in current incomes, while the gauge measuring economic outlook edged up by 0.2 points (136.2 vs 136.0). Consumer expectations of economic conditions in the next 6 months were characterized by higher expectations of income and job availability.

2019-09-05
Indonesia Consumer Morale Weakest in 9 Months
Indonesia's consumer confidence index declined to 123.1 in August 2019 from 124.8 in the previous month. This was the weakest reading since November last year, as the measure of job availability expectations decreased 3.4 points (122.4 vs 125.8 in July) and the measure of current income dropped 4.9 points (118.4 vs 123.3), while the index of current economic conditions fell by 0.9 points (110.3 vs 111.2). Also, the gauge measuring economic outlook fell by 2.4 points (136.0 vs 138.4) and the gauge measuring income expectations for the next six months decreased 3.2 points (147.0 vs 150.2). Conversely, the index of job availability compared to six months ago increased 1.9 points (98.5 vs 96.6), with the index of whether it was a good time to buy durable goods went up 0.3 points (113.9 vs 113.6).

2019-08-06
Indonesia Consumer Morale Weakens to 4-Month Low
Indonesia's consumer confidence index declined to 124.8 in July 2019 from 126.4 in the previous month. This was the weakest reading since March, as the measure of job availability expectations decreased 2.4 points (125.8 vs 128.2 in June); the measure of current income dropped 3.2 points (123.3 vs 126.5) and the index of current economic conditions fell by 3.5 points (111.2 vs 114.7). Also, the gauge measuring job availability compared to six months ago decreased 1.4 points (96.6 vs 101.0), with the index of whether it was a good time to buy durable goods went down 3 points (113.6 vs 116.6). Conversely, the index of economic outlook rose by 0.3 points (138.4 vs 138.1) and the gauge measuring income expectations for the next six months increased 4.0 points (150.2 vs 146.2).

2019-07-08
Indonesia Consumer Sentiment Weakest in 3 Months
Indonesia's consumer confidence index dropped to 126.4 in June 2019 from a record high of 128.2 in the previous month. This was the weakest reading since March, as the index of economic outlook fell by 4.8 points (138.1 vs 142.9 in May) and the gauge measuring income expectations for the next six months declined 4.2 points (146.2 vs 150.4). In addition, the measure of job availability expectations dropped 3.2 points (128.2 vs 131.4). Meanwhile, the measure of current income edged up 0.3 points (126.5 vs 126.2) and the index of current economic conditions rose by 1.2 points (114.7 vs 113.5). Also, the gauge measuring job availability compared to six months ago increased 2.3 points (101.0 vs 98.7), with the index of whether it was a good time to buy durable goods going up 1 points (116.6 vs 115.6).


Indonesia Consumer Confidence
In Indonesia, the Consumer Confidence Index (CCI) measures consumer’s expectations about current income and job availability against those 6 months ago, appropriate time to buy durable goods, and general economic conditions and job availability expectations in the next 6 months. The index is based on a survey of around 4600 middle up class households in major cities (those cities cover about 78 percent of GDP). Data is collected through phone interviews and direct visits. The two main components of the Index are the current economic condition index and the consumer expectation index. The CCI is computed as a net balance obtained from the difference between percentage on ’increase’ answer and percentage on ’decrease’ answer. An index above 100 indicates an improving outlook and below 100 a deteriorating outlook.

Indonesia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 126.40 124.20 128.20 9.60 points [+]
Retail Sales MoM 0.40 1.60 26.00 -22.30 percent [+]
Retail Sales YoY 1.30 3.60 40.30 -26.30 percent [+]
Consumer Spending 1512644.20 1467542.40 1512644.20 926097.50 IDR Billion [+]
Consumer Credit 2525754.00 2515920.00 2525754.00 27200.00 IDR Billion [+]
Households Debt To GDP 17.00 16.90 17.10 6.20 percent of GDP [+]
Gasoline Prices 0.46 0.46 0.79 0.16 USD/Liter [+]
Consumer Confidence Current Conditions 113.70 115.00 115.80 52.00 [+]
Consumer Confidence Economic Expectations 131.00 136.90 143.40 64.30 [+]