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Indonesian Consumer Confidence highest since November 2014

Source: Roy Morgan Indonesian Single Source: Indonesians aged 14+ August 2018 (n=1,282). 
Roy Morgan Indonesian Consumer Confidence is up 0.9pts to 158.2 in August 2018 and now at its highest since November 2014 (161.4). Consumer Confidence is also 6.5pts higher than a year ago in August 2017 (151.7) and 22.6pts above the long-run average (2005-2018) of 135.6.

The year-on-year increase in Indonesian Consumer Confidence has been driven by more highly educated Indonesians with the largest increase in Consumer Confidence for Indonesians who have a Tertiary Diploma/ Now at University/ University Degree – up by more than 10% on a year ago.

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

In August now 59% (up 2ppts) of Indonesians, say ‘now is a good time to buy’ major household items and 38% (down 1ppt) 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% (unchanged) say their families are ‘worse off’ financially.

In addition the vast majority of 72% (up 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% (unchanged) expect ‘bad times’ financially.

And looking at the longer-term, now 94% (up 1ppt) 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+ August 2018 (n=1,282). 

Consumer confidence up most for highly educated Indonesians over last year

Analysing Indonesian Consumer Confidence by education level shows consumer confidence increasing for all levels of education since August last year with consumer confidence for the most highly education Indonesians increasing the most.

Consumer Confidence for Indonesians with a Tertiary Diploma/University Degree or Now at University increased by an impressive 15.4pts from a year ago to 177.1 in August 2018.

Indonesians who have graduated Secondary School continue to have a higher Consumer Confidence than the general population, now at 159.0 in August 2018, up by 3.1pts from a year ago.

Consumer Confidence also increased for Indonesians who attended Secondary School but did not graduate, now at 152.8 in August 2018, up by 8.3pts from a year ago.

Consumer Confidence for the most poorly educated Indonesians was largely unchanged up by only 0.7pts to 142.3 in August 2018 and remains well below the national average Consumer Confidence of 158.2.

Indonesian Consumer Confidence by Education level: August 2017 cf. August 2018

Source: Roy Morgan Indonesian Single Source: Indonesians aged 14+ August 2017 (n=2,147) & August 2018 (n=1,282).

Ira Soekirman, Director, Roy Morgan Indonesia, says:

"Indonesian Consumer Confidence has increased 0.9pts to 158.2 in August and is now a significant 6.5pts higher than a year ago in August 2017 (151.7). Indonesian Consumer Confidence remains substantially higher than in southern neighbours Australia (117.2) and New Zealand (117.6).

“Consumer Confidence in Indonesia has increased for Indonesians of all education levels over the past year however Consumer Confidence for highly educated Indonesians has increased the most.“Indonesians with a Tertiary Diploma/University Degree or Now at University now have Consumer Confidence of 177.1, up a stunning 15.4pts on a year ago and far higher than less well educated Indonesians.

“In contrast, Indonesians who completed only Primary School now have a Consumer Confidence of 142.3, up only 0.7pts from a year ago and now over 10% below the national average of 158.2.”

The monthly Roy Morgan Indonesian Consumer Confidence Rating is based on 1,282 in-depth face-to-face interviews conducted in August 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.

Consumer Confidence remains very high in Indonesia when compared to Indonesia’s Asia-Pacific neighbours – Australia September 22/23, 2018 – 117.2) and New Zealand (August 2018 – 117.6) 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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About Roy Morgan

Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

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. Margin of error 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. 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%

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2