Indonesia's consumer confidence went down to 122.4 in February 2023 from the five-month high of 123.0 in January 2023, reflecting the impact of rising cost pressures ahead of the holy month of Ramadan. Households' assessment regarding the country's economic outlook weakened (down by 1.4 points to 132.5), as did their views on job availability compared to six months ago (down by 0.6 points to 130.7). Meanwhile, sentiment strengthened toward income expectations for the next six months (up by 0.1 points to 138.0), job availability (up by 1.7 points to 113.8), current income (up by 0.8 points to 118.5), and current economic conditions (up by 0.3 points to 112.4). source: Bank Indonesia

Consumer Confidence in Indonesia averaged 100.39 points from 2000 until 2023, reaching an all time high of 128.90 points in May of 2022 and a record low of 9.60 points in March of 2001. This page provides - Indonesia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Consumer Confidence in Indonesia is expected to be 113.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Indonesia Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-02-08 03:00 AM Jan 123.0 119.9 120
2023-03-08 03:00 AM Feb 122.4 123.0 124
2023-04-18 03:00 AM Mar 122.4 113


Related Last Previous Unit Reference
Consumer Confidence 122.40 123.00 points Feb 2023
Retail Sales MoM -4.40 7.00 percent Jan 2023
Retail Sales YoY -0.60 0.70 percent Jan 2023
Consumer Credit 3006897.00 3016517.00 IDR Billion Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
122.40 123.00 128.90 9.60 2000 - 2023 points Monthly

News Stream
Indonesia Consumer Morale Weakens in February
Indonesia's consumer confidence went down to 122.4 in February 2023 from the five-month high of 123.0 in January 2023, reflecting the impact of rising cost pressures ahead of the holy month of Ramadan. Households' assessment regarding the country's economic outlook weakened (down by 1.4 points to 132.5), as did their views on job availability compared to six months ago (down by 0.6 points to 130.7). Meanwhile, sentiment strengthened toward income expectations for the next six months (up by 0.1 points to 138.0), job availability (up by 1.7 points to 113.8), current income (up by 0.8 points to 118.5), and current economic conditions (up by 0.3 points to 112.4).
2023-03-08
Indonesia Consumer Morale Improves to 5-Month High
Indonesia's consumer confidence climbed to 123.0 in January 2023 from 119.9 in December 2022, pointing to the highest level since August last year, boosted by further eased inflation. Households' sentiment strengthened toward income expectations for the next six months (up 4.6 points to 137.9), job availability (up 7.4 points to 131.3), job availability compared to six months ago (up 1.2 points to 112.1), and the country's economic outlook (up 6.6 points to 133.9). Meanwhile, consumers' assessments weakened about both their current income (down 2.6 points to 117.7) and their current economic conditions (down 0.3 points to 112.1).
2023-02-08
Indonesia Consumer Morale Improves in December
Indonesia's consumer confidence rose to 119.9 in December 2022 from 119.1 in the previous month, amid an increase in the index of current income, as the impact of the fuel prices hike faded. Households' sentiment about their current income improved (up 3.9 points to 120.3), as did their views toward income expectations for the next six months (up 1.3 points to 133.3). Also, consumers' views about both the current economic conditions (up 2.1 points to 112.4) and the assessment of job availability compared to six months ago (up 1.4 points to 110.9) strengthened. On the contrary, expectations about the country's economic outlook (down 0.6 points to 127.3) and job availability (down 2.5 points to 123.9) weakened.
2023-01-09