Indonesia's consumer confidence index declined to 123.1 in August 2019 from 124.8 in the previous month. This was the weakest reading since November last year, as the measure of job availability expectations decreased 3.4 points (122.4 vs 125.8 in July) and the measure of current income dropped 4.9 points (118.4 vs 123.3), while the index of current economic conditions fell by 0.9 points (110.3 vs 111.2). Also, the gauge measuring economic outlook fell by 2.4 points (136.0 vs 138.4) and the gauge measuring income expectations for the next six months decreased 3.2 points (147.0 vs 150.2). Conversely, the index of job availability compared to six months ago increased 1.9 points (98.5 vs 96.6), with the index of whether it was a good time to buy durable goods went up 0.3 points (113.9 vs 113.6). Consumer Confidence in Indonesia averaged 99.26 Index Points from 2000 until 2019, reaching an all time high of 128.20 Index Points in May of 2019 and a record low of 9.60 Index Points in March of 2001.
Consumer Confidence in Indonesia is expected to be 121.90 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Indonesia to stand at 124.00 in 12 months time. In the long-term, the Indonesia Consumer Confidence is projected to trend around 128.00 Index Points in 2020, according to our econometric models.