Live Chat Software
Berita Dan Riset Terbaru
Consumer Confidence
Consumer Confidence Januari 2018
January 04, 2018 07:54

Consumer Confidence weakened in December. In this month, the Consumer Confidence Index (CCI) fell from its highest level in more than 12 years of 103.0 in November to 101.8 in December. Our survey shows that consumers are less upbeat on the nation’s economic outlook. Furthermore, they also registered some concerns at the local level, especially in relation to high foodstuff prices and job scarcity. In our survey, 69.3 percent of consumers cited higher foodstuff prices as a major concern (up
from 67.7 percent), and 33.1 percent of consumers cited job scarcity as a major concern (down from 33.9 percent).

Of the two main components which make up the CCI, one increased and the other declined. The component measuring consumer sentiment toward current conditions, the Present Situations Index (PSI), increased 1.1 percent to 84.5, as sentiment toward the current state of the job market improved in December. As for the other main component of the CCI - the one measuring consumer sentiment toward the future (the Expectations Index or EI) – it retreated 2.4 percent to 114.8. The fall in this index reflects weaker consumer optimism toward the economic outlook over the next six months.

Although consumers are less upbeat on the national economic outlook, buying intentions for durable goods actually strengthened in December. In our survey, 46.35 percent of consumers expressed plans to purchase a durable good over the next six months, up from 44.20 percent in the previous month. Furthermore, on a yearly comparison, buying intentions for durable goods are also higher since only 29.87 percent of consumers expressed plans to purchase a durable good back in December 2016.

Consumer confidence in the government’s ability to carry out its duties weakened in the December survey. After increasing 1.5 percent in the previous survey, the Consumer Confidence in the Government Index (CCGI) retreated 0.4 percent from 106.5 to 106.1. Nevertheless, in our survey, three components of the CCGI still increased, and two components declined. In addition, four components of the CCGI are still above the neutral level of 100. This suggests that consumers are generally convinced in the government’s ability to carry out its duties.