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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Indonesia's consumer confidence rises, based entirely on hope

  • Debnath Guharoy


| Tue, February 10 2009 | 02:40 pm

PREMIUM The Roy Morgan Consumer Confidence rating shot up almost nine points in the October-December quarter, to a high of 116. Influenced by the reduction in fuel prices consumers clung to hope for better times ahead ignoring reports on the global economy. But only 31 percent say "this is a good time to buy major appliances", a key indicator. Faced with rising prices, grocery buyers m...