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Consumer confidence in Indonesia stable
Indonesian consumers have been, once again, included in a list of countries with a high consumer confidence level
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Indonesian consumers have been, once again, included in a list of countries with a high consumer confidence level.
Obtaining a score of 81 index points, Indonesia is among five countries with the highest consumer confidence level in the Asia Pacific. Other emerging countries included India, China, the Philippines and Myanmar, according to the latest MasterCard IndexTM of Consumer Confidence.
This survey shows that Indonesian consumer confidence is still categorized among the countries with a high consumer confidence level, despite a slight decline from the previous consumer confidence survey.
According to the index, Indonesian consumer confidence has only declined by 6.5 index points, from 87.5.
From a survey conducted in second semester in 2012, Indonesia recorded the biggest jump in consumer confidence in the Asia Pacific region, increasing by 30.1 index points year on year, from 57.4.
According to the survey, economic level, employment prospects, the local stock market, regular income prospects and quality of life are still rated highly optimistic.
Meanwhile, the other three indicators; regular income, local stock market and the quality of life dropped slightly in the first semester.
Regular income declined by 3.5 index points to 92.5 index points, whereas the local stock market declined by 6.7 index points to 74.7 index points and quality of life declined by 9.6 index points to 78.9 index points.
'Consumer confidence is a good signal for businesses and this also results from stable economic growth, which ranges around six percent every year. After experienced a
significant increase in consumer confidence level in the second half of 2012, Indonesians continue to be optimistic with a high consumer confidence levels for the next six months.' MasterCard Indonesia Irni Palar said in an official release.
Indonesia's latest results from MasterCard Worldwide Index of Consumer Confidence which reached 81 index points is the second highest recorded level for the country since the survey was first conducted.
In the second semester of 2012, consumer confidence in Indonesia has successfully gained the highest score in the last five years with 87.5 index points. Meanwhile, the lowest consumer confidence level was recorded in 2007, when consumer confidence reached 36.7 index points.
