Indonesia’s consumer confidence index tumbled to 84.8 in April 2020 from 113.8 in the previous month, with consumers turning pessimistic for first time since October 2015. It was the weakest reading since July 2008, reflecting severe hit caused by COVID-19 outbreak, amid restriction measures that led consumers to stay at home. A reading below 100 indicates respondents are pessimistic. The all of the main sub-indices deteriorated sharply: current economic conditions (down by 40.5 points to 62.8); economic outlook (down by 17.5 points to 106.8); job availability compared to six months ago (down 44.8 points to 41.2); job availability expectations (down 6.3 points to 102.1); income expectations for the next six months (down 22.1 points to 116.1), and the sub-index of current income down by 50.5 to 63.5.
