Consumer confidence climbs in Indonesia
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Indonesian consumers grew more optimistic about their economic prospects in January, thanks to the recent fuel price cuts, according to surveys from the central bank and a state-controlled research institute.
Bank Indonesia’s Consumer Confidence Index, which is based on a sample of 4,600 households in 18 major cities in Indonesia, increased by 3.7 points to 120.2 point in January.
A level of more than 100 points generally means consumers are optimistic about the country’s economy.
Questions & Answers
Q.What is the primary reason for the increase in consumer confidence in Indonesia?
What is the primary reason for the increase in consumer confidence in Indonesia?
Indonesian consumers became more optimistic in January due to recent fuel price reductions. This positive sentiment was captured by surveys conducted by the central bank and a state-controlled research institute.
Q.What was the specific Consumer Confidence Index score for January?
What was the specific Consumer Confidence Index score for January?
The Bank Indonesia’s Consumer Confidence Index reached 120.2 points in January. This represents an increase of 3.7 points compared to the previous period, indicating growing consumer optimism.
Q.How many households were surveyed to determine the Consumer Confidence Index?
How many households were surveyed to determine the Consumer Confidence Index?
The Consumer Confidence Index is based on a sample of 4,600 households. These households are located across 18 major cities within Indonesia, providing a broad overview of sentiment.
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