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Financial News: Indonesia Consumer Confidence Eases Slightly In August

Indonesia Consumer Confidence Eases Slightly In August

09/05/2019 - 10:14:00 (RTTNews)

(RTTNews) - Indonesia's consumer confidence eased slightly in August, but households remained optimistic, the Bank Indonesia said Thursday. The consumer confidence index fell to 123.1 from 124.8 in July, the survey from the central bank showed.

Consumers have remained upbeat based on their perception of current economic dynamics and were more optimistic regarding job prospects, the bank said.

Households also felt that it was a favorable time to purchase durable goods. In August, consumers' expectations regarding future economic situation remained optimistic, while their confidence on income and business prospects in the next 6 months weakened. Households expect inflationary pressures to remain mild over the next 6 months, underpinned by sufficient supply of commodities and their smooth distribution. The 6-month price expectations index of the survey decreased to 170 from 174.9 in July.

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