May 2019, Consumer Optimism Slightly Increased

Bank Indonesia's (BI) Consumer Survey in May 2019 indicates a slight increase in consumer optimism regarding economic conditions compared to April 2019. This increase is reflected in the Consumer Confidence Index (CCI) in May 2019, which reached 128.2, up 0.1 points from 128.1 in April 2019.

Looking at respondent categories, the increase in the CCI in May 2019 occurred among respondents with monthly expenditures of Rp 2-3 million. By age group, the increase was seen among respondents aged 20-30 years and 41-50 years. Furthermore, the highest increase by region occurred in Pontianak and Bandar Lampung.

This increase in consumer optimism was driven by a 2.1-point increase in the Current Economic Index (CEI) from 111.4 in April 2019 to 113.5 in May 2019. BI also assessed that the Consumer Expectation Index (CEI) remained strong, although lower than in April 2019. In May 2019, the CEI was 142.9, down 1.9 points compared to 144.8 in April 2019. This decrease was due to weakening consumer expectations regarding income in the next six months.