Business and Consumer Confidence Decreases

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Andrea Lidwina 11/11/2019 17:11 WIB
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Business Tendency Index (BTI) and Consumer Tendency Index (CTI) 2019
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The Central Statistics Agency (BPS) revealed a decline in business and consumer optimism in the third quarter of 2019. This is evident from the Business Tendency Index (ITB) recorded at 105.33 points and the Consumer Tendency Index (ITK) at 101.03 points.

The approximately three-point decrease in the ITB compared to the previous quarter was due to a decline in capacity utilization and business income. By business sector, Electricity and Gas Supply had the best business conditions (116.67 points), while Government Administration, Defense, and Mandatory Social Security had the lowest (98.81 points).

Meanwhile, the ITK fell 24 points compared to the previous quarter. This decline was influenced by income, the impact of inflation on consumption, and consumption volume.

Editor : Safrezi Fitra

"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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