30 March 2020 (closed)
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Indonesia's Household Consumption and Optimism Up in November 2013
Household consumption in Indonesia has improved in November 2013 according to Bank Indonesia's Consumer Survey. The central bank's Consumer Confidence Index (CCI) rose 4.8 points to 114.3 points. This improvement is attributable to increased available job opportunities and increased purchases of durable goods ahead of Christmas 2013 and New Year. Lastly, Indonesian consumers are more positive about Indonesia's economic condition in the coming six months.
The survey also indicated that consumers expect price increases (for foodstuff, beverages, cigarettes and tobacco) in the next three months as consumption is expected to increased ahead of the 2014 legislative and presidential elections. After these elections, prices are estimated to moderate. Indonesia's inflation rose 8.37 percent year-on-year in November 2013.
Further Reading:
• (Un)employment in Indonesia
• Indonesia Inflation Update: Consumer Price Index Moving Sideways
• Economy of Indonesia