Economist at UOB Group Enrico Tanuwidjaja reviews the improvement in the consumer sentiment gauge in Indonesia.

Key Takeaways

“Indonesia’s Consumer Confidence Index increased slightly in Apr to 113.1, up by 2.1pt from March’s 111.0.”

“The Current Economic Condition Index increased slightly to 98.9 in Apr from Mar’s 93.9.”

“Consumer generally remains upbeat on the economy in the next 6 months despite a slight decline in 6-month ahead Index to 127.2 in Apr from 128.1 in Mar.”