Consumer Confidence Improves: BI

Indonesian consumers last month were more confident about their income prospects over the next six months than they were a month earlier, the results of a Bank Indonesia survey issued Monday (10/12/07) showed, Dow Jones Newswires reported.

The central bank's Consumer Confidence Index rose 1.1 points to 101.3 points from October, but was down 0.2 points from a year earlier.

"Consumers were also less pessimistic on their job prospects," the central bank said on its web site.

Consumers also expected prices of goods and services to continue rising over the next three months, although such expectations weren't as strong as a month earlier.

Meanwhile, The Roy Morgan Rating shows consumer confidence for the third quarter of 2007 remained steady, increasing 0.1 points to 112.8 from the previous quarter, The Jakarta Post reported Monday. This level is 3.5 points higher than the 109.3 recorded in the same period of 2006.

The survey indicates that 31% of Indonesians (down 3%), said they are worse off then a year ago, and 16% (down 4%) said they are better off than a year ago. Those who said their circumstances had remained the same jumped from 46% to 53% in the third quarter.
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