Kedutaan Besar Republik Indonesia
Embassy of the Republic of Indonesia
Ambassade de la RÉpublique d'Indonésie

Consumer Confidence on The Rise

Jakarta. Indonesian consumers were more optimistic in July that business activity, income and job availability would improve over the next six months, a survey by the central bank showed on Tuesday (08/08).

Bank Indonesia’s consumer index stood at 123.4 in July. The June reading was 122.4. A reading above 100 indicates consumers are optimistic.

About 4,600 respondents from 18 major cities participated in the survey.

Consumers involved in the survey predicted that prices would slightly increase in the next six months.

Indonesia’s annual inflation rate cooled to 3.88 percent in July as demand returned to normal after the Idul Fitri holiday. The rate in June was 4.37 percent.

Separate survey from global recruitment firm, Michael Page, published earlier this week showed Indonesian professionals are the most confident job seekers across the major cities in Asia Pacific.

The survey, which sampled 412 mid to senior-level employees in Indonesia, found that more than 84 percent of the respondents believed job market will be better and the economy would improve.

“The Indonesian job seeker of today is largely driven by the initiative to stay relevant in our fast-paced Southeast Asian economy. Beyond the chase for higher financial compensation, a majority are more concerned with other factors such as prospects for skills development and achieving work-life balance,” said Olly Riches, the president director of Michael Page Indonesia.