Indonesia consumers more confident in Feb as wages rise

 Indonesia’s consumers were more optimistic in February but had some concerns about the economy and the job outlook in the next six months, a survey by Bank Indonesia showed on Friday.

For the month, the consumer confidence index rose slightly to 116.8 from January’s 116.2, with wage increases expected to encourage consumers to purchase more durable goods.

But the survey of 4,600 households in 18 major cities across the archipelago also reflected concerns over the outlook for the economy, in particular the availability of jobs and business activity.

Consumers expect a better weather and upcoming harvest seasons will ease pressure on prices.

Advertisements