Indonesia's consumer confidence took a noticeable dip in May, reflecting growing concerns about the country's economic outlook. The consumer confidence index fell to 117.5, down from 121.7 in April. Despite being above the neutral mark of 100, this decline signals a waning optimism among consumers.
For months, Indonesia's consumer confidence had shown resilience, even amid global economic pressures and domestic challenges. However, the recent downturn indicates that Indonesian consumers are feeling less secure about their personal financial situations and the broader economic landscape.
Economists suggest that this decline could be influenced by several factors, including rising inflationary pressures and uncertainties in the global economic environment, which might be affecting consumer spending and sentiment. It remains essential for policymakers to address these concerns to boost consumer confidence and sustain economic growth in the upcoming months. The data was last updated on 12 June 2025, providing a timely insight into the sentiments shaping Indonesia's economic narrative.
