Indonesia’s consumer confidence index dropped 2.9 points to 77.3 in August from 80.2 in the previous month, amid further restrictions to contain the spread of the coronavirus. It was the weakest reading since October 2005, as most of the six main sub-indices deteriorated: current economic conditions (down 7.7 points to 59.4); the assessment of current income (down 10.7 points to 63.4); job availability compared to six months ago (down 9.8 points to 40.3), while job availability expectations unchanged (at 91.0). Meanwhile, sub-indices improved for both economic outlook (up 2.1 points to 95.3) and income expectations for the next six months (up 3 points to 107.3).
