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consumer-spending

Consumer confidence gives back some recent gains
Economy 4 years ago

PREMIUM
Consumer confidence gives back some recent gains

Bank Indonesia’s latest survey shows that Indonesians felt less optimistic in February about their future business or employment prospects.
Holiday season lifts retail spirits, but rising prices lie ahead
Economy 4 years ago

PREMIUM
Holiday season lifts retail spirits, but rising prices lie ahead

Retailers predict a buildup of inflationary pressure in the first half of the year amid signs of higher input costs.
Consumer confidence, retail sales recover from Delta impact
Business 4 years ago

PREMIUM
Consumer confidence, retail sales recover from Delta impact

As the year-end holiday season approaches, the two indicators point to increased household spending, which has long been a key driver of economic activity in the country.
Retail sales show gradual improvement in September
Business 4 years ago

PREMIUM
Retail sales show gradual improvement in September

The retail sales index is estimated to have contracted by 1.8 percent year-on-year in September, which marks an improvement from a 2.1 percent annual contraction in August.
Consumers less pessimistic but not optimistic, index shows
Business 4 years ago

PREMIUM
Consumers less pessimistic but not optimistic, index shows

The index improved to 95.5 points in September from 77.3 in August, suggesting a gradual recovery in line with the gradual reopening of the economy, but it remains in pessimistic territory.
Tax cut for new cars expanded to include bigger models
Business 4 years ago

PREMIUM
Tax cut for new cars expanded to include bigger models

The government has expanded its temporary luxury tax (PPnBM) cut for new cars to include those with engine capacities of up to 2,500 cc starting on April 1 to boost consumer spending and accelerate the automotive sector’s recovery.
China's Q4 GDP growth ends 2020 in solid position after COVID-19 shock
Business 5 years ago

China's Q4 GDP growth ends 2020 in solid position after COVID-19 shock

GDP grew 2.3 percent in 2020, the data showed, making China the only major economy in the world to avoid a contraction last year as many nations struggled to contain the COVID-19 pandemic.
Retail sales suffer big fall in October as recovery remains weak
Business 5 years ago

Retail sales suffer big fall in October as recovery remains weak

The survey estimated an even deeper contraction in November of 15.7 percent year-on-year (yoy) as consumers remained wary of the uncertainty surrounding the pandemic.
China's consumer spending picks up in October
Business 5 years ago

China's consumer spending picks up in October

Retail sales in the world's second-largest economy rose 4.3 percent on-year last month, Beijing's National Bureau of Statistics (NBS) said Monday.
China's industrial engine gathers speed, consumers open wallets in boost to recovery
Business 5 years ago

China's industrial engine gathers speed, consumers open wallets in boost to recovery

After the pandemic paralyzed the economy, China’s recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound.
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