Impact of PPKM: Consumer Perception of Economic Conditions Declined in August 2021
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Consumer perception of Indonesia's current economic conditions decreased in August 2021 compared to six months prior. This is reflected in the Current Economic Conditions Index (IKE), which stood at 59.4 last month, 11.47% lower than the 67.1 recorded in July 2021.
Bank Indonesia (BI) explained that the weakening IKE was due to the continuation of PPKM levels 3 and 4 in various regions of Indonesia. This impacted people's activities and income.
The decline in the IKE in August 2021 occurred across all components. The sharpest drop was seen in the Current Income Index, which fell by 10.7 points from 74.1 in July 2021 to 63.4 in August 2021.
The Job Availability Index also decreased by 9.8 points, from 50.1 to 40.3 during the same period. Meanwhile, the Durable Goods Purchase Index fell by 2.9 points, from 77.2 to 74.3.
The Consumer Confidence Index (IKK) was recorded at 77.3 in August 2021. This value decreased by 2.9 points from the previous month's 80.2.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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