Consumer Confidence Enters Optimistic Zone in April 2021
- A Small
- A Medium
- A Bigger
Bank Indonesia's (BI) Consumer Survey in March 2021 indicated that consumer confidence entered the optimistic zone in April 2021, after spending the last year in the pessimistic zone. This is reflected in the Consumer Confidence Index (CCI) which reached 101.5 points, up from 93.4 points the previous month.
The increase in the CCI in April 2021 was driven by rising consumer expectations regarding future economic conditions. This is evident in the Consumer Expectation Index (CEI), which reached 122.6 points last month, up from 114.1 points in March 2021.
The CCI increased across all spending groups, particularly among respondents with monthly expenditures of Rp 2.1-3 million. This increase also occurred across all age groups in the 18 surveyed cities.
"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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