Indonesia's Consumer Savings Index Strengthens in June 2025

The Indonesian Deposit Insurance Corporation (LPS) reports that Indonesia's Consumer Savings Index (IMK) stands at 83.8 points. This figure is up 4.8 points from May 2025, which recorded 79 points.

Historically, the June 2025 IMK is the highest in the past year. The lowest IMK score this year was in November 2024, at 77 points.

LPS explains that the movement of the IMK in most household income groups tended to strengthen in June 2025.

The largest increase in the IMK was seen in households with incomes up to Rp1.5 million per month, rising 14.7 points month-on-month (mom). Households with incomes of Rp3 million to Rp7 million per month increased by 7.2 points (mom).

The IMK for households with incomes above Rp7 million per month remained consistently above 100 and recorded an increase of 7.2 points.

Specifically, for the household group with income between Rp1.5 million and Rp3 million, the IMK weakened by 1 point.

LPS also released data showing that the Savings Time Index (IWM) component strengthened by 2.4 points in the same period to 95.3. Simultaneously, the Savings Intensity Index (IIM) increased by 7.2 points to 72.4.

"Regarding the IIM component, 73.3% of respondents to the LPS Consumer and Economic Survey (KP) stated that they had saved," said Seto Wardono, Director of LPS Research Group, in Jakarta on Tuesday (1/7/2025), as quoted from the LPS website.

Although the savings index strengthened, respondents admitted that the amount saved was less than planned, decreasing from 56.7% of respondents in May 2025 to 52.5% in June 2025.

Meanwhile, in the IWM component, the percentage of respondents who considered the present time as the right time to save slightly decreased from 29% in May 2025 to 28.9% in June 2025.

Conversely, the percentage of respondents who stated that the next three months were the right time to save increased from 39.8% to 42.6% in the same period.

"This development reflects an improvement in saving plans and intensity, in line with the provision of economic stimulus (discounts on transportation fares during school holidays, social assistance, and wage subsidies) which helps household purchasing power in the short term," he added.

(Read: May 2025 BI Survey: Public Pessimistic about Job Prospects)