Indonesian Consumers Remain Optimistic in November

Indonesia's consumers remained optimistic in November, the central bank said on Tuesday (06/12), though they are concerned about the coming six months. (JG Photo/Afriadi Hikmal)

By : Nilufar Rizki | on 7:13 PM December 06, 2016
Category : Business, Economy

Jakarta. Indonesia's consumers remained optimistic in November, the central bank said on Tuesday (06/12), though they are concerned about the coming six months.

Bank Indonesia's consumer index had a November reading of 115.9, slightly lower than the previous month's 116.8, showing people were still optimistic.

A reading above 100 indicates consumers are optimistic. The survey involves about 4,600 respondents from 18 major cities.

The survey said that Indonesian consumers expected economic growth to slow in the next six months, while price pressures were expected to rise in the same period.

Indonesia's annual inflation rate rose to 3.58 percent in November from 3.31 percent in October.

Reuters

 

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