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Roy Morgan Indonesian Consumer Confidence falls in November – now 148.9 (down 1.1pts); lowest since February 2016

The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,152 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 November 2016.
Roy Morgan Indonesian Consumer Confidence for November fell to 148.9 (down 1.1pts). However, despite the small fall, Consumer Confidence is still 4.7pts higher than it was a year ago in November 2015 (144.2) and is still a large 15.8pts above the long-run average (2005-2016) of 133.1.

Driving this month’s decrease in Consumer Confidence was less confidence amongst Indonesians about buying major household items.

Now 35% (down 2ppts) of Indonesians said their families are ‘better off’ financially than this time a year ago (the lowest figure for this indicator in 2016) compared to 10% (down 2ppts) that said their families are ‘worse off’ financially (the equal lowest figure for this indicator in 2016).

A large majority, 66% (down 1ppt), of Indonesians expect their family will be ‘better off’ financially this time next year (the equal lowest figure for this indicator in 2016) compared to only 3% (unchanged) that expect to be ‘worse off’ financially (the equal lowest figure for this indicator in 2016).

In terms of the Indonesian economy now 81% (unchanged) of Indonesians expect Indonesia will have ‘good times’ financially during the next 12 months and just 19% (up 1ppt) say we’ll have ‘bad times’ financially.

Additionally, looking at the longer-term, 90% (unchanged) of Indonesians expect Indonesia will have ‘good times’ economically over the next five years and just 9% (down 1ppt) expect ‘bad times’ economically.

Over half, 55% (down 2ppts) of Indonesians, say ‘now is a good time to buy’ major household items and 41% (up 3ppts) say ‘now is a bad time to buy’ major household items.

Ira Soekirman, Director, Roy Morgan Research Indonesia, says:

“With the Ahok drama showing no signs of an early end, we expect Consumer Confidence to suffer from gradual erosion. At the top end of society, the Trump effect will continue to destabilize the markets. New jobs in Infrastructure are the only major reason that is still keeping spirits high and wallets open."

The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,152 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 November 2016.


For further information:

Ira Soekirman: Office +62 21 572 2021 Mobile +62 811165400


Roy Morgan Indonesian Consumer Confidence Rating - November 2016 - 148.9

Click to view the latest Roy Morgan Indonesian Consumer Confidence Release PDF - November 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