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Roy Morgan Indonesian Consumer Confidence jumps to 150.6 in March; Highest since August 2015 (151.5)

The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,138 face-to-face interviews conducted throughout Indonesia, not just a handful of cities. The survey includes the Top 22 cities, smaller cities and towns as well as many more villages in the rural hinterland, reflecting all of Indonesia. Men and women aged 14 and over were randomly selected during the month of March 2016.
Roy Morgan Indonesian Consumer Confidence for March jumped to 150.6 (up 3.5pts). However, Consumer Confidence is now 3.5pts lower than it was a year ago in March 2015 (154.1) although it is still nearly 20pts above the long-run average (2005-2016) of 131.9. The main reason for this month’s rise in confidence was more Indonesians saying ‘now is a good time to buy major household items’.

Now 39% (down 1ppt) of Indonesians said their families are ‘better off’ financially than this time a year ago compared to 12% (up 2ppts) that said their families are ‘worse off’ financially.

In addition now 72% (up 4ppts) of Indonesians expect their family will be ‘better off’ financially this time next year (the highest number recorded for this indicator for over a year since November 2014) compared to 3% (down 2ppts) that expect to be ‘worse off’ financially (the equal lowest number recorded for this indicator for well over a year since October 2014).

In terms of the Indonesian economy now 80% (up 1ppt) of Indonesians expect Indonesia will have ‘good times’ financially during the next 12 months and 20% (down 1ppt) say we’ll have ‘bad times’ financially.

Additionally, now 90% (up 1ppt) of Indonesians expect Indonesia will have ‘good times’ economically over the next five years and only 10% (unchanged) expect ‘bad times’ economically.

Now well over half, 57% (up a significant 5ppts) of Indonesians say ‘now is a good time to buy’ major household items (the equal highest number recorded for this indicator for a year since March 2015) and 40% (down a large 6ppts) say ‘now is a bad time to buy’ major household items (the lowest number recorded for this indicator for exactly a year since March 2015).

Debnath Guharoy, Roy Morgan Regional Director, Asia, says:

"No surprise here. While visits to malls and department stores had dropped in the last quarter of 2015, there is a visible lift in consumer spending in the first quarter. Federal and provincial spending in infrastructure is having a positive impact on the wallets of many across the country. Low prices of fuel are also having a positive impact on Indonesia's import and export prices".

The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,138 face-to-face interviews conducted throughout Indonesia, not just a handful of cities. The survey includes the Top 22 cities, smaller cities and towns as well as many more villages in the rural hinterland, reflecting all of Indonesia. Men and women aged 14 and over were randomly selected during the month of March 2016.

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Roy Morgan Indonesian Consumer Confidence Release - March 2016 - 150.6

Click to view the latest Roy Morgan Indonesian Consumer Confidence Release PDF - March 2016.


Latest ANZ-Roy Morgan Consumer Confidence Releases

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. 

Sample Size

Percentage Estimate

 

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.0

±2.7

±1.9

±1.4

2,000

±2.2

±1.9

±1.3

±1.0