Indonesian consumers more optimistic in June: Central Bank survey

By: | Published: July 12, 2016 4:22 PM

Indonesian consumer confidence increased in June from May bolstered mainly by the "present situation" index, a central bank survey showed on Tuesday.

The central bank's consumer confidence index rose to 113.7 in June from 112.1 in May. (Reuters) The central bank’s consumer confidence index rose to 113.7 in June from 112.1 in May. (Reuters)

Indonesian consumer confidence increased in June from May bolstered mainly by the “present situation” index, a central bank survey showed on Tuesday.

The index showed an increase in job availability, income and on-time purchase of durable goods.

The central bank’s consumer confidence index rose to 113.7 in June from 112.1 in May.

A reading above 100 indicates respondents are optimistic.

However, consumers showed lowest expectations for income and job availability in the next six months, though still in the optimistic level.

According to the survey of about 4,600 participants in 18 major cities, Indonesian consumers foresaw inflationary pressures softening in September especially for food and clothing.

Indonesia’s annual inflation rate slightly rose to 3.45 percent in June from 3.33 percent in May.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition