Indonesian consumers show growing confidence for first time in a year: Central bank survey

Indonesian consumers show growing confidence for first time in a year: Central bank survey

People wearing protective face masks shopping in Tanah Abang textile market ahead of Eid al-Fitr fe
FILE PHOTO: People wearing protective face masks shopping in Tanah Abang textile market ahead of Eid al-Fitr festival amid the coronavirus (COVID-19) outbreak in Jakarta, Indonesia, May 3, 2021. REUTERS/Ajeng Dinar Ulfiana

JAKARTA: Indonesia's consumer confidence index rose to 101.5 in April, from 93.4 a month earlier, indicating optimism returning for the first time in a year as worries over the coronavirus pandemic eased, a central bank survey showed on Monday (May 10).

A reading above 100 indicates optimists outnumber pessimists on the outlook for the economy. The index had dropped below that level since April 2020, Bank Indonesia said.

The increase in the index in April was due to respondents' better perception of current economic conditions, including job availability and higher income, the survey showed.

Source: Reuters/jt

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