Consumer Confidence at 2-Year High, But Ramadan Price Worries Loom

A Bank Indonesia survey shows a rise in consumer confidence, thanks to improving hopes for economic conditions in the next six months, despite price pressure remaining a threat in the purchase of durable goods.

The central bank’s survey, based on 4,600 households across 18 cities, calculates the consumer confidence index rose 3.7 points to 109 — the highest level in more than two years. JakartaGlobe – Read more…​