Consumer confidence: Consumer confidence in May19 remained high but increased only slightly from April. Although consumers were not as confident on the future economic expectation as they had been a month ago (as seen in the lower index against Apr19's), confidence on current economic condition was increasing on every argument - namely current income, employment availability, and purchase of durable godos) - but mainly on employment availability. For the future, consumers were hesitant mostly on income expectation. Consumers whose confidence increased were mostly those in the lower-expenditure class of Rp2.1-3mn. (Bank Indonesia).
Comment: Consumer confidence has neutral to positive impact to market as of currently. It will be adding leading indicators for consumption section in the GDP. Note that private consumption has grown relatively well and stable throughout 2018 and early 2019.
Sumber : IPS RESEARCH
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