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Consumers optimistic amid lower confidence in August: BI
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Bank Indonesia's headquarters on Jl. M.H. Thamrin in Central Jakarta. (JP/Wienda Parwitasari)
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Bank Indonesia survey issued on Thursday indicates that consumer sentiment remains optimistic, although consumer confidence had weakened in August.
The Consumer Confidence Index (CCI) in August was 121.90, decreasing by 1.5 points from the previous month.
“The survey results indicate that consumer optimism could be maintained on the expectations of increased job creation in the next six months,” stated the central bank's survey report as quoted by tempo.co on Friday.
BI said that a weakening in consumers’ perceived incomes and a decline in durable goods purchases had caused the decline in consumer confidence.
In line with the current decline in the CCI, consumer spending decreased by 0.2 percent to 63.8 percent.
Meanwhile, household savings increased by 0.5 percent to 21.1 percent, indicating a change in consumer behavior. (bbn)
