The consumer confidence index in Indonesia increased to a four-month high of 122.7 in November 2018 from 119.2 in the previous month, as both current economic conditions (109.1 from 106.2 in October) and consumer expectations (136.4 from 132.2) improved. Consumers were more optimistic regarding future economic condition (152 from 147.9); job availability (125 from 119.5) and business activities (132 from 129.3). Meantime, inflationary pressures are expected to increase in the next 6 months (175.1 from 170.4) and in the next 12 months (173 from 169.1); while decrease in the next 3 months (174.1 from 176.4). Consumer Confidence in Indonesia averaged 98.18 Index Points from 2000 until 2018, reaching an all time high of 128.10 Index Points in June of 2018 and a record low of 9.60 Index Points in March of 2001.
Consumer Confidence in Indonesia is expected to be 123.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Indonesia to stand at 121.90 in 12 months time. In the long-term, the Indonesia Consumer Confidence is projected to trend around 128.00 Index Points in 2020, according to our econometric models.