Consumer Optimism Regarding Employment Strengthens in June 2022

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Vika Azkiya Dihni 11/07/2022 16:30 WIB

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The job availability index increased and supported consumer optimism in June 2022.

Consumer Optimism Index on the Current Indonesian Economic Conditions (May-June 2022)

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Consumer Optimism Regarding Employment Strengthens in June 2022

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Consumer Optimism Index on the Current Indonesian Economic Conditions (May-June 2022)

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According to a Bank Indonesia (BI) consumer survey report, the Current Economic Conditions Index (IKE) generally weakened in June 2022 compared to the previous month. Despite the weakening, the index remained in the optimistic zone as it was above 100 points, at 114.5.

The increase in the job availability index supported consumer optimism. The job availability index in June 2022 was recorded at 115.6, up 1.9 points from the previous month.

The increase in the job availability index occurred across all education categories, particularly among postgraduate respondents, rising from 99.9 in May 2022 to 117.2 in June 2022.

On the other hand, the current income index in June 2022 was at 123.2, weakening by 2.1 points from the previous month.

The index for durable goods purchases also fell by 5.4 points to 104.8 during the same period.

The BI survey also showed that consumer expectations regarding economic conditions in the next six months remain strong. This is reflected in the June 2022 Economic Expectations Index (IEK), which stood at 141.8, relatively stable compared to 141.5 in May 2022.

This was driven by a 1.1-point increase in the expected job availability index and a 1.3-point increase in the expected income index from the previous month. The business activity index, however, decreased by 1.4 points.

(Also Read: [Although Slightly Weakened, Consumers Remain Optimistic in June 2022](https://databoks.katadata.co.id/datapublish/2022/07/11/meski-agak-melemah-konsumen-masih-optimistis-pada-juni-2022))

Editor : Adi Ahdiat

"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."