ECONOMIC PULSE: Price Indices, Manufacturing PMI and Consumer Confidence May 3, 2018 250
Roy Morgan Indonesian Consumer Confidence (March 2018)
Consumer Confidence has rebounded 2.2pts to 156.3 from 154.1 in February, driven by more confidence about Indonesian personal financial situations compared to a year ago. Consumer Confidence is now 5.5pts higher than a year ago. Now Consumer Confidence is 21.4pts above its long-run average (2005-2018) of 134.9.
40% (+ 3ppts) of Indonesians said their families are better off financially than this time a year ago compared to just 10% (+ 1ppt) that said their families are worse off financially.
Majority of Indonesians (68%) expect their family will be better off financially this time next year compared to just 3% that expect to be worse off financially. 88% of Indonesians expect Indonesia will have good times financially during the next 12 months and only 12% say we’ll have bad times financially.
Looking at the longer-term, 95% of Indonesians expect Indonesia will have good times economically over the next five years and 5% expect bad times.
Separate data from Bank Indonesia shows that Consumer Confidence Index is down to 121.6 in March 2018 from 122.5 in previous month, indicating that Indonesia are growing less optimistic. Consumer confidence is under pressure from deterioration in Current Economic Condition Index (- 2pts), particularly the Job Availability sub-index (-3.9pts).