Indonesia Consumer Morale Eases in September

Indonesia’s consumer confidence index declined to 118.1 in September 2026 from August's three-month high of 118.5. The decline was largely due to lower assessments of current economic conditions, which fell by 1.9 points to a 12-month low of 107.5. Meanwhile, perceptions of job availability over the past six months dropped by 3.0 points to 101.1. At the same time, expectations for business activity decreased by 0.6 points to 121.5. By contrast, sentiment toward durable goods purchases increased by 0.6 points to 106.7. Meanwhile, expectations for income over the next six months climbed by 2.0 points to 136.9. On the other hand, expectations regarding job availability also rose by 2.0 points to 127.7.

Indonesia’s consumer confidence index increased for the first time in four months to 118.5 in August 2026 from 116.8 in the previous month, which was the lowest level since April 2025. It was the highest reading since May, largely boosted by stronger assessments of current economic conditions, which rose by 1.5 points to a three-month high of 109.4. Sentiment toward durable goods purchases also increased by 2.0 points to 106.1, while perceptions of job availability over the past six months advanced by 3.0 points to 104.1. Meanwhile, expectations for income over the next six months went up 1.3 points to 134.9. At the same time, expectations regarding job availability also rose by 2.6 points to 125.7, while expectations for business activity increased by 1.7 points to 122.1.

Indonesia’s consumer confidence index fell for the third consecutive month to 116.8 in July 2026 from 117.8 in the previous month, marking the lowest level since April 2025. The moderation was largely driven by weaker assessments of current economic conditions, which dropped by 1.3 points to 107.9. Sentiment toward durable goods purchases also declined by 1.8 points to 104.1, while perceptions of job availability over the past six months fell by 0.7 points to 101.1. Moreover, expectations for income over the next six months remained steady at 133.6. At the same time, expectations regarding job availability also fell by 1.3 points to 123.1, while expectations for business activity decreased by 0.8 points to 120.4. However, the index remained in optimistic territory, indicating that consumer confidence was still positive, supported by strong perceptions of current economic conditions and favorable expectations for the future.