JakartaPost-Nov 21

Indonesia is experiencing a weakening consumer confidence in the third quarter but now fewer people think the economy is in recession, a recent survey shows.

According to Nielsen’s latest Global Consumer Confidence Survey, optimism among consumers in Southeast Asia’s largest economy went down three points from 126 percentage points (pp) in the second quarter to 123 in the third quarter. Consumer confidence above the 100 pp baseline shows optimism while a confidence index below 100 shows pessimism. Globally, Indonesia is still among the top five most optimistic countries despite stepping down a spot to fourth position this year, surpassed by Vietnam, whose index jumped 5 points from the second quarter. Read more at:

https://www.thejakartapost.com/news/2019/11/21/indonesian-consumers-less-optimistic-in-q3-surpassed-by-vietnamese-nielsen.html