Indonesia consumer confidence index optimistic in November

Jakarta (Antara News) - The consumer confidence index in November showed more consumers were optimistic rather than pessimistic about the economy for the first time since July 2005, a Bank Indonesia survey showed.

The index was at 101.6 points in November, up from 98.1 points in October, the survey was quoted by XFN-Asia as saying.

The index, which measures respondents views on the outlook for the economy last stood above 100 points in June last year.

BI said the two components of the index, the present condition index and consumer expectation index, both rose in November.

The present situation index, which indicates the level of consumer confidence in current economic conditions, rose to 85.7 points from 82.3 points in October.

Meanwhile, the consumer expectation index, which shows the level of confidence in economic prospects for the next six months, rose to 117.4 points from 113.9 points.

The survey noted that the increase in the consumer expectation index was boosted by hopes for a rise in salaries and business turnover over the next six months. (*)
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