Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>   Economy  >>   Indonesia consumer surveys are mixed
NEWS UPDATES Asean Affairs                    6  August 2011

Indonesia consumer surveys are mixed

Related Stories

August 1, 2011
Indo economy grew in second quarter

July 30, 2011
Indonesia tries to boost local films

July 23, 2011
Yudhoyono has big plans for Indonesia

July 6, 2011
Indonesia raises growth rate

July 2, 2011
Indonesian inflation down

June 30, 2011
Indonesia could beat economic forecasts

June 11, 2011
Indonesian deficit to exceed GDP

Two consumer confidence surveys offered different views of how people felt about the Indonesian economy in July. Optimists were upbeat about job prospects over the next six months, while pessimists were concerned about inflation.

A monthly survey released on Thursday by Bank Indonesia showed that its consumer confidence index — taken from a survey of 4,600 households in 18 large cities — rose by 2.8 points last month to 111.8 from June.

Meanwhile, a Danareksa Research Institute survey showed a 2.2 point decline to 89.6 points in July, after rising 1.2 points in June. A consumer confidence index of more than 100 points means consumers are upbeat about the economy, but a falling index means consumers growing pessimistic.

Bank Indonesia said improving consumer confidence in the economic outlook for the rest of the year outpaced concerns about rising prices for basic commodities such as food and gas.

“According to consumers’ perceptions, as shown by the economic index, the economy is improving,” it said.

For the first time in two years, a subindex known as the Index of Economic Conditions rose above the 100-point mark. It gained 3.6 points to 102.5, which suggests consumers are becoming more optimistic.

The Consumer Expectation Index, another part of the broader survey, climbed 3.2 points to 121.1 on optimism that incomes and job availability would increase in the second half, bolstered by private and government projects that were to begin in the second semester.

The survey echoed analysts’ bullish views about the economy. The Central Statistics Agency (BPS) is expected to report today that gross domestic product rose 6.5 percent in the second quarter from a year earlier, based on the median forecast of nine economists surveyed by the Jakarta Globe. That would match the first quarter’s growth rate.

However, Bank Indonesia’s survey said consumers were also wary of inflationary pressures over the next three to six months, which was reflected by the Price Expectation Index, which rose by 1.5 points to 181.3.

Major concerns for consumers were depleting stocks of rice and rising energy prices, particularly for gas and electricity, as the government plans to curb subsidies, the central bank said.

The Danareksa Research Institute survey, which sampled 1,700 households from six regions, showed the CCI falling after four straight months of rises.

Up to 60.9 percent of consumers surveyed were worried about the price of food items, up from 58.6 percent in June. The index that measures consumer sentiment toward inflation was up 3.5 points to 193.3 in July, the highest level since September 2008.

The government said on Monday that the consumer price index rose 4.6 percent year-on-year in July, the slowest rate since May 2010. It was also the sixth straight month that inflation eased, after peaking at 7 percent in January.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    6  August  2011 Subsribe Now !
•   Indonesia consumer surveys are mixed     Subcribe: Asean Affairs Global Magazine
   Indonesia may export rice to South Korea Asean Affairs Premium
 •  Slow US growth impacts Asia   
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 Anwar calls for increased democracy    
 Thai exports and investment up
•  IBM tells Thailand to get “cloudy”
•  Regional tourism conference on tap
•  Vietnamese rice exports hit record

Asean Analysis    6  August  2011

Advertise Your Brand
• WEEKLY SUMMARY Sponsor Our Events

Asean Stock Watch   5  August  2011

• Asean Stock Watch-August 5 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand