BI Survey: Consumer Optimism Remains Strong in March 2019 Despite Decline
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Bank Indonesia's Consumer Survey in March 2019 indicates that consumer optimism remained strong. This is reflected in the Consumer Confidence Index (CCI) for March 2019, which remained at an optimistic level (above 100), specifically 124.5, although 0.6% lower than the previous month.
This sustained consumer optimism is supported by consumers' perception of current economic conditions, which remains robust. Furthermore, consumer expectations regarding economic conditions in the next six months also remain high.
The Current Economic Conditions Index (CECI) is supported by the perception of improved current income, while the Consumer Expectations Index (CEI) remains high, driven by consumers' anticipation of improved business activity in the next six months.
"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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