Indonesia’s consumer confidence declined to 123.1 in February 2024 from January’s five-month high of 125.0 amid rising inflation. It was the lowest reading since last September, as three out of six sub-indices deteriorated, namely expectations about the country’s current economic conditions (down by 4.7 points to 110.9), income expectations for current income (down 4.4 points to 112.1), and job availability compared to six months ago (down 8.3 to 110.1). Conversely, sub-indices strengthened for economic outlook (up 0.8 to 135.3), job availability (up 3.3 points to 137), and income expectations for the next six months (up 3.8 to 138.6).
