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Bank Indonesia's Consumer Survey in December 2016 recorded that consumer confidence remained optimistic, although slightly weaker than the previous month. The Consumer Confidence Index (CCI) in December was 115.4, down 0.5 points from the previous month. The weakening consumer optimism at the end of the year was due to a decrease in the Consumer Expectation Index (CEI) of 1.0 point from the previous month to 128.0.
The Consumer Survey is a monthly survey conducted since October 1999. This survey involves 4,600 households as respondents in 18 cities, including Jakarta, Bandung, Makassar, and Samarinda. The index is calculated using a balance score method (net balance +100), where a figure above 100 indicates optimism and below 100 indicates pessimism.
"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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