Indonesia’s consumer confidence declined to 119.1 in November 2022 from 120.3, amid a decline in the index of current income due to rises in fuel prices and decreasing in availability of jobs. Households’ sentiment about their current income weakened (down 2.3 points to 116.4), as did their views toward income expectations for the next six months (down 0.3 points to 132.0). Also, consumers’ views deteriorated toward both the country’s economic outlook (down 0.4 points to 127.0) and the current economic conditions (down 2.0 points to 110.3). At the same time, the assessment of job availability compared to six months ago was less positive (down 1.8 points to 109.5 while expectations about job availability weakened (down 0.3 points to 126.4).
