BI Survey: Consumer Confidence in Economy Increases

11 May 2022 13:22 WIB

Logo or illustration of Bank Indonesia. TEMPO/Imam Sukamto

TEMPO.CO, Jakarta - The Bank Indonesia (BI) Consumer Survey for April 2022 revealed that consumer confidence in the nation's economic condition has increased. This is reflected in April's Consumer Confidence Index (IKK) with a score of 113.1, up from March's 111.

"The increase in IKK was driven by consumers' improved perceptions over today's economy," BI head of communications Erwin Haryono said in a written statement Wednesday, May 11.

This is indicated by the Current Economic Conditions Index (IKE) for April 2022, which stood at 98.9, higher than the previous month's 93.9.

Erwin said that increasing consumer confidence is also related to the current perception of income, job availability, and the increasing purchase of durable goods.

Meanwhile, the Consumer Expectation Index (IEK) on future economic conditions is still at an optimistic level with a score of 100, albeit not as high as the previous month's score.

Read: Bank Indonesia Expected to Raise Interest Rate After Fed Rate Hike

MUHAMMAD HENDARTYO

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