Quantcast

Indonesian consumers turned more optimistic in November - c.bank survey


Shutterstock photo

JAKARTA, Dec 7 (Reuters) - Indonesian consumers were more upbeat in November than October because of improved economic conditions and ability to purchase durable goods, a central bank survey showed on Thursday.

Bank Indonesia's consumer index was at 122.1 in November, up from 120.7 in October.

A reading above 100 indicates consumers are optimistic.

The survey also showed consumers expect price pressures to increase in February, partly due to the government's plan to hike electricity tariff and fuel prices at the start of 2018.

Residents were expected to spend more on household consumption in the next three months, according to the survey.

Indonesia's annual inflation rate eased in November to 3.30 percent, the lowest since December 2016, from 3.58 percent in October.

Nov 2017

Oct 2017

Sept 2017

Consumer confidence index

122.1

120.7

123.8

Present situation index

109.5

107.6

110.3

Expectation index

134.8

133.8

137.2




This article appears in: Politics , World Markets , Economy


More from Reuters

Subscribe






See Reuters News









Research Brokers before you trade

Want to trade FX?