Indonesia’s consumer confidence increased to 119.9 in December 2022 from 119.1 in the previous month, amid an increase in the index of current income, as the impact of the recent fuel price hike faded. Households’ sentiment about their current income improved (up 3.9 points to 120.3), as did their views toward income expectations for the next six months (up 1.3 points to 133.3).
Also, consumers’ views strengthened toward both the current economic conditions (up 2.1 points to 112.4) and the assessment of job availability compared to six months ago was less positive (up 1.4 points to 110.9). Meanwhile, expectations about both the country’s economic outlook (down 0.6 points to 127.3) and job availability (down 2.5 points to 123.9) weakened.