Consumer confidence: Consumer confidence improved in Nov18 both on monthly and annual bases (+3.5 point and +0.6 point, respectively) as there had been increasing optimism over the current economy and the future. In particular, Nov18's confidence happened as there were more jobs available, but was also supported by current income and as seen in more purchase of durable goods. Similar situation is expected to occur six months ahead, where optimistic consumers believe there will be more jobs available, higher income, and they will undertake more durable goods purchase. For most criteria, it is the middle-lower income bracket, namely those whose spending bracket lies within Rp3.1-4mn, who is the most optimist. Region wise, the increasing confidence is widespread in most big cities except Semarang, Banjarmasin, Padang, Bandar Lampung, Pangkal Pinang, and Ambon. (Bank Indonesia)
Comment: The increasing consumer confidence is positive for the market and the economy, maintaining spending mood which has recently been growing (2Q and 3Q18). But the trend might be cautiously accepted as increasing consumer confidence could also follow volatility trend elsewhere in the economy.
Sumber : IPS RESEARCH
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