The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,143 face-to-face interviews conducted throughout Indonesia, not just a handful of cities. The survey includes the Top 23 cities, smaller cities and towns as well as many more villages in the rural hinterland, reflecting all of Indonesia. Women & men aged 14 and over were randomly selected during the month of October 2017.
Roy Morgan Indonesian Consumer Confidence is up 3.4pts to 153.8 in October 2017 to its highest in over two-and-half years since March 2015 (154.1). Consumer Confidence is now 3.8pts higher than a year ago in October 2016 (150.0) and a large 19.4pts above the long-run average (2005-2017) of 134.4.
The rise in Consumer Confidence was driven by more confidence in the Indonesian economy and in buying major house household items.
Now 36% (up 1ppt) of Indonesians said their families are ‘better off’ financially than this time a year ago compared to 10% (unchanged) that said their families are ‘worse off’ financially.
An even larger majority, 68% (up 2ppts), of Indonesians expect their family will be ‘better off’ financially this time next year compared to just 5% (up 1ppt) that expect to be ‘worse off’ financially.
In regard to the Indonesian economy now 87% (up 4ppts) of Indonesians expect Indonesia will have ‘good times’ financially during the next 12 months (the highest for this indicator for well over two years since February 2015) and just 14% (down 2ppts) say we’ll have ‘bad times’ financially (the lowest for this indicator for well over two years since February 2015).
And looking at the longer-term, 93% (up 2ppts) of Indonesians expect Indonesia will have ‘good times’ economically over the next five years and only 7% (down 2ppts) expect ‘bad times’ economically.
Now well over half, 59% (up 3ppts) of Indonesians, say ‘now is a good time to buy’ major household items (the highest for this indicator for nearly three years since November 2014) and 38% (down 2ppts) say ‘now is a bad time to buy’ major household items (the lowest for this indicator since October 2016).
Ira Soekirman, Director, Roy Morgan Research Indonesia, says:
“With President Jokowi reaffirming his grip on power, corruption under scrutiny and the economy showing signs of progress in new sectors like tourism and e-commerce, consumer confidence is up once again. Consumers are growing more confident to open their wallets again.
“The high level of Consumer Confidence in Indonesia is a powerful indicator that backs up Indonesia’s high annual GDP growth of 5% - one of the best rates of growth of any G20 major economy.
“All five Consumer Confidence indicators moved in a positive direction in October and the indicators showing the greatest strength relate to the performance of the Indonesian economy in both the short and long terms. A stunningly high 93% of Indonesians expect Indonesia will have ‘good times’ economically over the next five years which suggests strongly that Indonesia will be enjoying robust economic growth for many years to come.”
The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,143 face-to-face interviews conducted throughout Indonesia, not just a handful of cities. The survey includes the Top 23 cities, smaller cities and towns as well as many more villages in the rural hinterland, reflecting all of Indonesia. Women & men aged 14 and over were randomly selected during the month of October 2017.
For further information:
Ira Soekirman: Office +62 21 572 2021 Mobile +62 811165400
Click here to view the latest Roy Morgan Indonesian Consumer Confidence Release PDF - October 2017.
Latest Roy Morgan Indonesian & ANZ-Roy Morgan Consumer Confidence Data Tables
Related Research Reports
The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
Margin of Error
The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. The following table gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. The figures are approximate and for general guidance only, and assume a simple random sample. Allowance for design effects (such as stratification and weighting) should be made as appropriate.
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Sample Size
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Percentage Estimate
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|
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40%-60%
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25% or 75%
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10% or 90%
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5% or 95%
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1,000
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±3.0
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±2.7
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±1.9
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±1.4
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2,000
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±2.2
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±1.9
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±1.3
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±1.0
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