Consumer Confidence ticked higher in May – UOB

Economist at UOB Group Enrico Tanuwidjaja evaluates the Consumer Confidence gauge in Indonesia.

Key Takeaways

“Indonesia’s Consumer Confidence Index rose to an all-time high of 128.9 in May, up by 15.8pts from Apr’s 113.1.”

“The Current Economic Condition Index improved to 116.4 in May from Apr’s 98.9.”

“Consumer sentiment generally remains upbeat on the economy in the next 6 months, supported by an increase in the 6-month ahead Index to 141.5 in May from 127.2 in Apr.”

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