Indonesia Consumer Confidence

Consumer sentiment is measured in Indonesia by the Consumer Confidence Index (CCI), which compares consumers' expectations about current income and job availability to those from six months earlier, the ideal time to buy commodities, as well as general economic conditions and job availability expectations for the following six months. Based on a survey of approximately 4600 middle-to-upper-class index households in the urban centers accounting for 78% of the GDP in those cities. Telephone interviews and personal interviews are used to gather information. The current economic condition index and the consumer expectation index are the two most important components of the Index. Essentially, the CCI is the difference in percentages on increase and decrease answers divided by the total number of answers. An index more than 100 suggests an improving prognosis, whereas an index less than 100 shows a declining outlook.