Consumer confidence in Indonesia improves in April

May 14, 2014

JAKARTA - The ANZ-Roy Morgan Indonesian Consumer Confidence index increased to 152.2 (up 1.6pts m/m) in April – and is now 3.4pts lower than it was a year ago in April 2013 (155.6). This month’s small rise was primarily driven by increasing confidence about the Indonesian economy over the next 12 months and an improving perception that it is now a good time to buy major household items. Political uncertainty is apparent in some components of the index.

The survey showed 82.1% (up 3% m/m) of Indonesians expect Indonesia tol have ‘good times’ financially during the next 12 months while 17.4% (down 3%) expect ‘bad times’.
ANZ Chief Economist Asia-Pacific, Glenn Maguire said consumer confidence in Indonesia is wavering between a still-positive economic outlook and medium term uncertainty aligned with the election and political cycle.  “The trend of an improving consumer assessment of the 12-month economic outlook continues to be offset by a less sanguine assessment on the five-year economic outlook (a time period that aligns with the Indonesian election cycle) and likely personal financial position over the next year.” www.anz.com (ATI).