Consumer Pessimism Regarding Job Availability

Based on the results of the July 2019 Consumer Survey, consumer confidence in economic conditions in July 2019 decreased compared to the previous month. The Consumer Confidence Index (CCI) was recorded at 124.8, lower than the June 2019 figure of 126.4. Furthermore, consumer perception of economic conditions (Current Economic Conditions Index/CECI) also weakened by 2.5 points from the previous month to 112.2 in July 2019.

This weakening of the CECI occurred across all components. The largest decline stemmed from the component measuring consumer confidence in current job availability compared to the previous six months. In July 2019, the CECI for job availability was 96.6 points, down 4.4 points from 101 points in June 2019.

The component measuring consumer confidence in current income also decreased by 3.2 points, from 126.5 in June 2019 to 123.3 points. The final component, consumer confidence in current purchases of durable goods, decreased by 3 points to 113.6 points in July 2019, down from 116.6 points in June.

However, consumer confidence in the economy over the next six months (Consumer Expectations Index/CEI) increased slightly from the previous month. The CEI in July 2019 was recorded at 138.4, a slight increase of 0.3 from the previous month's 138.1.

(Read Databoks: [Expectations for Business Development Weaken, Consumer Confidence Falls](https://databoks.katadata.co.id/datapublish/2019/07/08/ekspektasi-perkembangan-usaha-melemah-keyakinan-konsumen-turun))