BI: Consumer Confidence Increases in May


The Bank Indonesia Consumer Survey (CS) in May 2021 indicated that consumer optimism for economic conditions continued to strengthen.

"This is reflected in the May 2021 Consumer Confidence Index (CCI) of 104.4, an increase compared to the April 2021 IKK of 101.5," said BI's official publication on Wednesday (9/6).

BI observed consumer confidence to improve in most categories of expenditure level, education level, and age group of respondents. Spatially, consumer confidence improved in the six cities surveyed, the highest in Medan, followed by Surabaya and Manado.

Based on the Decree results, the strengthening of consumer optimism in May 2021 was driven by improved consumer perceptions of current economic conditions, although they were still in the pessimistic area (<100).

This was driven by improved perceptions of job availability, income, and the timeliness of purchasing durable goods.

Meanwhile, BI observed consume


Penulis : Widya