Bank of Indonesia: Consumer Confidence Strong in April 2018

By : Herry Barus And Aldo Bella Putra | Sunday, May 06 2018 - 03:00 IWST

Bank Indonesia
Bank Indonesia

INDUSTRY.co.id - Jakarta - Consumer Survey of Bank Indonesia (BI) shows consumer confidence strengthened in April 2018 compared to March 2018, despite a slight decrease in perception for availability of employment in the Current Economic Index.
Executive Director of BI Communication Department, Agusman, said that consumers are still optimistic about the economic condition, reflected in the Consumer Confidence Index (IKK) in April 2018 of 122.2 points or an increase of 0.6 points compared to March 2018.
"The increase in consumer optimism is driven by improving consumer expectations for the future economic condition and sustained consumer perception of current economic conditions," said Agusman.
In the survey report, BI also recorded an increase in the Expectation Index of Economic Conditions (IEK), mainly supported by increased expectations of business activities in six months to come.
Meanwhile, consumer perceptions in Current Economic Condition Index (IKE) recorded stable. Some of the indicators are the index of income rose 0.5 points to 121.2 points in April 2018.
The Central Bank also noted a decline in the index on employment availability which amounted to 95.5 points in April 2018 from 96.1 in March 2018.
The perception on the availability of employment decreased in the group of undergraduate education level and also on the respondents aged 21-30 years and 51-60 years.
The survey results also indicate a decline in price pressure for the next three months in July 2018. This is reflected in the Price Expectation Index (IEH) in the next three months of 183.6, lower than the previous month which reached 184.4.
"Expectations of the decline in price pressure are mainly influenced by the normal return of demand for goods and services after Idul Fitri," said Agusman.
Consumer Surveys are conducted monthly to 4,600 households as respondents in 18 major cities.

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…