Consumer Confidence Up Slightly in July - BI

Consumer confidence in the country improved slightly in July from a month earlier, Bank Indonesia (BI) said Monday (13/8/07).

The central bank said its consumer confidence index rose 0.5 point to 96.3 in July from 95.8 in June as respondents became less pessimistic about the availability of jobs and economic conditions over the next six months.

However, "consumers remain optimistic over their income (prospects) over the next six months", the survey said, according to Dow Jones Newswires.

Consumers in seven cities in Indonesia also expect prices to rise within the next three to six months, the survey showed.

An index level below 100 indicates pessimists outnumber optimists. The index has remained below 100 since December 2006.
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