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Indonesia’s economy shows positive sign

The Bank Indonesia (BI) Consumer Survey for April 2023 indicated that consumer confidence in Indonesia's economic conditions increased compared to the previous month.
Indonesia’s economy shows positive sign ảnh 1Executive Director of the Communication Department of Bank Indonesia (BI) Erwin Haryono. (Photo: antaranews.com)

Jakarta (VNA) - TheBank Indonesia (BI) Consumer Survey for April 2023 indicated that consumerconfidence in Indonesia's economic conditions increased compared to the previousmonth.

In a statement released onMay 9, Erwin Haryono, Executive Director of the BI Communication Department,noted that the Consumer Confidence Index (CCI) in April 2023 reached 126.1,higher than the figure of 123.3 in March 2023.

He said that the strengthening of consumer confidence inApril 2023 was driven by improvements in the Current Economic Conditions Index(CECI) and Consumer Expectations Index (CEI).

The CECI and CEI in April 2023 were recorded at 116.6 and135.5, respectively, higher than the previous month's 113.1 and 133.5.

The CECI saw an increase in all of its constituent components,particularly in the job availability and current income indices. The JobAvailability Index (JAI) grew 4.2 points to 118.1 in April 2023.

Furthermore, the Current Income Index (CII) and Durable GoodsPurchases Index (DGPI) increased by 3.5 points and 2.8 points, respectively, to123.9 and 107.8.

In addition, the CEI recorded an increase, particularly inthe job availability expectations index. The job availability and incomeexpectations indices were recorded at 136.5 and 137.9, respectively, higherthan the previous month's 131.1 and 135.8./.

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