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Consumer confidence declines slightly in Q4
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Two employees chat in a clothing store at the Bandung Indah Plaza shopping center in Bandung, West Java. (JP/Arya Dipa)
I
ndonesian consumer confidence declined slightly in the fourth quarter of 2016 to 120 points, according to the latest survey report from Nielsen.
The decline is indicated by low consumer optimism in regards to future personal finance. Consumer optimism in this area decreased three points to 81 points. Consumer spending intentions slightly decreased to 59 points from 60 points in the previous quarter.
Nielsen Company Indonesia managing director Agus Nurudin said rising concerns over political instability (25 percent) and emerging concerns over religious intolerance (25 percent) also contributed to the decline in consumer confidence in the fourth quarter.
(Read also: Consumer confidence soars to two-year high)
“Consumers worry that religious intolerance will affect the country’s political stability,” he told a press conference in Jakarta on Monday.
Economic concerns (26 percent), work-life balance (15 percent) and terrorism (13 percent) also worried consumers.
The survey also shows that consumer concerns about a recession grew slightly to 54 points from 47 points in the previous quarter.
Nielsen conducted the survey using online methods. (ecn/bbn)
