Indonesia Consumer Sentiment at 8-Month Low

Indonesia’s consumer confidence index dropped to 117.8 in June 2026 from 120.9 in the previous month, marking its lowest level since September 2025. The moderation was largely driven by weaker assessments of current economic conditions, which fell by 3.0 points to 109.2. Sentiment toward durable goods purchases also decreased by 2.4 points to 105.9, while perceptions of job availability over the past six months fell by 3.2 points to 101.8. Moreover, expectations for income over the next six months moderated by 2.9 points to 133.6. At the same time, expectations regarding job availability also declined by 3.7 points to 124.4, while expectations for business activity fell by 3.3 points to 121.2. However, the index remained in optimistic territory, indicating that consumer confidence remained positive, supported by strong perceptions of current economic conditions and favorable expectations for the future.

Indonesia’s consumer confidence index fell to 120.9 in May 2026 from 123 in the previous month, marking its lowest level since September 2025. The moderation was largely driven by weaker assessments of current economic conditions, which fell by 4.3 points to 112.2. Sentiment toward durable goods purchases also declined by 4.3 points to 108.3, while perceptions of job availability over the past six months fell by 3.8 points to 105. Moreover, expectations for income over the next six months eased by 0.4 points to 136.5. In contrast, expectations regarding job availability and business activity improved marginally, with both indices rising by 0.4 points to 128.1 and 124.5, respectively. Despite the decline, overall consumer sentiment remained firmly in optimistic territory, indicating continued confidence in the economic outlook.

Indonesia’s consumer confidence index stood at 123.0 in April 2026, barely above March’s 122.9 and still near a five-month low. Perceptions of current economic conditions improved slightly, with the sub-index rising 1.1 points to 116.5. Sentiment on job availability over the past six months strengthened 1.0 point to 108.8, while views on purchasing durable goods jumped 3.4 points to 112.6. Meanwhile, forward-looking gauges softened. Current income sentiment slipped 1.1 points to 126.1, while expectations for income over the next six months eased 0.8 points to 136.9. Views on job prospects in the coming half-year edged down 0.3 points to 127.7, and expectations for business activity fell 1.4 points to 124.1.