Consumer Perception of the Weakening Economic Conditions in July 2021
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Consumer perception of Indonesia's economic conditions has declined. This is reflected in the Economic Condition Index (IKE), which fell from 90.3 to 67.1 in July 2021.
This decline occurred due to weakening economic activity following the implementation of Level 4 Community Activity Restrictions (PPKM). Furthermore, people's income became more limited during the Level 4 PPKM.
Specifically, all components of the IKE decreased in July 2021. The Job Availability Index experienced the steepest decline, falling from 80.4 in June 2021 to 50.1 the following month.
The Income Index also decreased from 99.5 to 74.1 in July 2021. The Durable Goods Purchase Index fell from 91 to 77.2 during the same period.
Meanwhile, the Consumer Confidence Index (IKK) was recorded at 80.2 points in July 2021. This value decreased by 27.2 points from the previous month's 107.4 points.
"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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