- Analytics
- News and Tools
- Market News
- Indonesia: Consumer Confidence ticked higher in October – UOB
Indonesia: Consumer Confidence ticked higher in October – UOB
UOB Group’s Economist Enrico Tanuwidjaja and Junior Economist Agus Santoso comment on the results of Consumer Confidence in Indonesia.
Key Takeaways
Consumer Confidence Index (CCI) improved from 121.7pt in Sep to 124.3 in Oct on the back of improving Current Economic Condition Index (CECI) and Consumer Expectations Index (CEI).
Improvement in consumer confidence was driven by higher job availability index, while current income and purchase of durable goods index continued its declining trajectory.
With the ongoing investment expected to exceed the target in 4Q23, we expect consumer confidence will continue to improve.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
