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Roy Morgan Indonesian Consumer Confidence up in March to 150.8 (up 4.3pts); Highest since September 2016

The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,125 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. Women & men aged 14 and over were randomly selected during the month of March 2017.
Roy Morgan Indonesian Consumer Confidence for March rose to 150.8 (up 4.3pts). Consumer Confidence is just above a year ago in March 2016 (150.6) and is still a large 16.6pts above the long-run average (2005-2017) of 134.2.

The rise in Indonesian Consumer Confidence this month was driven by increased confidence in all five components of the survey.

Now 35% (up 1ppt) of Indonesians said their families are ‘better off’ financially than this time a year ago  compared to 10% (down 2ppts) that said their families are ‘worse off’ financially.

A rising majority, 68% (up 5ppts), of Indonesians expect their family will be ‘better off’ financially this time next year (the highest figure for this indicator since April 2016) compared to just 4% (down 1ppt) that expect to be ‘worse off’ financially.

In terms of the Indonesian economy now 82% (up 1ppt) of Indonesians expect Indonesia will have ‘good times’ financially during the next 12 months and 18% (down 1ppt) say we’ll have ‘bad times’ financially.

And looking at the longer-term, 92% (up 2ppts) of Indonesians expect Indonesia will have ‘good times’ economically over the next five years (the equal highest figure for this indicator for over two years since February 2015) and 8% (down 2ppts) expect ‘bad times’ economically (also the equal lowest figure for this indicator for over two years since February 2015).

Well over half, 56% (up 3ppts) of Indonesians, say ‘now is a good time to buy’ major household items and 39% (down 3ppts) say ‘now is a bad time to buy’ major household items.

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

"With Indonesia now recognised as No. 3 among the world's fastest growing major economies, the rupiah strengthening, consumer prices holding steady, with infrastructure projects visible across the country...all the good news has overwhelmed the concerns of consumers across the country. No single factor explains the regaining of lost confidence".

The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 2,125 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. Women & men aged 14 and over were randomly selected during the month of March 2017.


For further information:

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

Roy Morgan Indonesian Consumer Confidence - March 2017 - 150.8

Click to view the latest Roy Morgan Indonesian Consumer Confidence Release PDF - March 2017.


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