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Indonesian Consumer Confidence down by 0.7pts in July to 157.3

Source: Roy Morgan Indonesian Single Source: Indonesians aged 14+ July 2017 (n=2,141) & July 2018 (n=2,138).

Roy Morgan Indonesian Consumer Confidence is down 0.7pts to 157.3 in July 2018. However, despite the fall Consumer Confidence is now 5.2pts higher than a year ago in July 2017 (152.1) and 21.9pts above the long-run average (2005-2018) of 135.4.

Despite the month-on-month decrease since July last year the year-on-year increase in Indonesian Consumer Confidence has been driven by gains across both genders and all ages led by Indonesians aged 35-49 years old for which Consumer Confidence increased by over 10pts. These details are covered in detail later in the release.

The small decrease in Consumer Confidence this month was driven by a small decrease in Indonesians saying now is a ‘good time to buy’ major household items.

In July now 57% (down 3ppts) of Indonesians, say ‘now is a good time to buy’ major household items and 39% (up 2ppts) say ‘now is a bad time to buy’ major household items.

Now 42% (unchanged) of Indonesians consider their families are ‘better off’ financially than this time a year ago.  Only 8% (down 1ppt) say their families are ‘worse off’ financially.

In addition the vast majority of 71% (down 1ppt) of Indonesians expect their family will be ‘better off’ financially this time next year. Only 3% (unchanged) expect to be ‘worse off’ financially.

Now 89% (unchanged) of Indonesians expect Indonesia will have ‘good times’ financially during the next 12 months and only 10% (down 1ppt) expect ‘bad times’ financially.

And looking at the longer-term, now 93% (unchanged) of Indonesians expect Indonesia will have ‘good times’ economically over the next five years and 6% (unchanged) expect ‘bad times’.
 
Source: Roy Morgan Indonesian Single Source: Indonesians aged 14+ July 2018 (n=2,138).


Consumer confidence stronger across the board led by Indonesians aged 35-49

Analysing Indonesian Consumer Confidence by gender and age shows consumer confidence increasing for both genders over the past year and for all age groups led by those aged 35-49 years old.

Consumer Confidence for Indonesian women increased by 5.6pts to 157.6 and is now slightly higher than for men, up by 4.9pts to 157.

In terms of age groups the biggest increase in consumer confidence was for Indonesians aged 35-49 years old who now have the highest consumer confidence of any age group at 160.6, up by 10.5pts.

The increases for other age groups were more modest.

Consumer Confidence for Indonesians aged 50+ years old increased by 3.9pts to 149.4, by 2.2pts to 154.8 for those aged 25-34 and by 1.8pts to 159.7 for the youngest Indonesians aged 14-24.


Indonesian Consumer Confidence by Gender & Age: July 2017 vs July 2018


 
Source: Roy Morgan Indonesian Single Source: Indonesians aged 14+ July 2017 (n=2,141) & July 2018 (n=2,138).


Ira Soekirman, Director, Roy Morgan Indonesia, says:

"Indonesian Consumer Confidence has decreased 0.7pts to 157.3 in July but despite the month-on-month fall is 5.2pts higher than a year ago in July 2017 (152.1). Indonesian Consumer Confidence remains substantially higher than in southern neighbours Australia (116.5) and New Zealand (117.6).

“Consumer Confidence in Indonesia has increased significantly for both genders over the past year and Indonesian women are now slightly more confident than men. In July Indonesian women have a Consumer Confidence of 157.6 cf. 157.0 for Indonesian men.

“Consumer Confidence has also increased across all age groups. Indonesians aged 35-49 years old now have the highest Consumer Confidence of all age groups at 160.6 in July, up by a significant 10.5pts from a year ago.

“The second largest increase in Consumer Confidence came for the oldest Indonesians aged 50+ who now have a Consumer Confidence of 149.4 in July, up by 3.9pts from a year ago. Despite the steady increase older Indonesians continue to have the lowest Consumer Confidence of any age group."

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 23 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 July 2018.

Consumer Confidence remains very high in Indonesia when compared to Indonesia’s Asia-Pacific neighbours – Australia August 25/26, 2018 – 116.5) and New Zealand (July 2018 – 118.4) and long-term Consumer Confidence trends for the three countries are covered extensively here.

For further information:

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

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

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