Indonesian consumer confidence improves in August

Jakarta (Antara News) - Indonesia's consumer confidence improved in August from the previous month with fewer respondents downbeat about employment conditions in the next six months, according to the results of a survey by the central bank released on Tuesday.

The consumer confidence index increased to 98.0 in August from 96.3 in July, Bank Indonesia was quoted by Thomson Financial as saying.

An index level below 100 indicates pessimism about the outlook for the economy while a number above 100 suggests optimism. The index last exceeded 100 in November 2006.

BI said the two components of the index -- present condition and consumer expectations -- both rose in August.

The present condition index, which indicates the current level of consumer confidence, increased to 86.5 from 85.5 in the previous month.

The consumer expectation index, which indicates confidence level in economic prospects for the next six months, rose to 109.6 from 107.2. (*)
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