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Consumer confidence again declines in February
Indonesian consumers have shown less optimism in the first two months of 2025 as they become increasingly concerned about employment prospects alongside a general tail off in expectations.
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Weekend vibe: Visitors line up on Feb. 1 to take the escalator at Plaza Blok M. Hundreds flock to the mall on Saturday nights for window shopping and family dining. (JP/Nur Janti) (JP/Nur Janti)
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ndonesian consumers have shown less optimism in the first two months of 2025 as they become increasingly concerned about employment prospects alongside a general tail off in expectations.
The consumer confidence index (CCI) dipped to 126.4 points in February from 127.2 points registered in the preceding month, according to a monthly survey released by Bank Indonesia (BI) on Tuesday.
This extended a decline seen in January CCI data that already dropped from 127.7 points observed in December 2024.
However, February’s figure was still higher than the 123.1 points logged in the same month of last year, during which the country held the general election, a time that usually coincides with higher uncertainty and subdued confidence.
In a press statement published together with the survey, BI spokesperson Ramdan Denny Prakoso deemed that the position had remained “strong”.
Read also: Retailers downbeat as consumer confidence declines
Consumers’ expectations for the economy over the upcoming six months show a decline, according to the report. This is despite their perception that the current economic condition has improved.
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