Indonesian consumers more optimistic in November
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Indonesian consumers were more upbeat in November than October because of improved economic conditions and ability to purchase durable goods, a central bank survey showed on Thursday.
Bank Indonesia's consumer index was at 122.1 in November, up from 120.7 in October.
A reading above 100 indicates consumers are optimistic.
About 4,600 people from 18 cities were surveyed.
The survey also showed consumers expect price pressures to increase in February, partly due to the government's plan to hike electricity tariff and fuel prices at the start of 2018.
Residents were expected to spend more on household consumption in the next three months, according to the survey.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Indonesia's annual inflation rate eased in November to 3.30 per cent, the lowest since December 2016, from 3.58 per cent in October.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
