Indonesian consumers regain confidence in Q3

Indonesian consumer confidence rose again in the third quarter of this year in line with their increasing confidence for the government’s recent economic policies, global research company Nielsen revealed on Wednesday.

According to Nielsen’s Global Consumer Confidence Survey, the Indonesian consumer confidence index increased by three points to 122 in the third quarter from the previous quarter, an improvement that Nielsen Indonesia managing director Agus Nurudin attributed to a positive public response to the government’s tax amnesty, controlled inflation and manageable economic growth.

“This is the first time we moved back to 120 after one year,” he told reporters, adding that Indonesia, since the third quarter last year, always scored below 120 in the quarterly survey because of political instability and economic uncertainty.

The survey findings also suggested that although Indonesian consumers show an increasing willingness to spend, they are getting more rationale than before.

“They prefer to reduce their spending on expensive tertiary goods, update their gadgets less often and change their foreign trips to domestic ones,” Agus said.