FX.co ★ Indonesia Consumer Mood Lowest in Over 2-1/2 Years

Indonesia experienced a decline in consumer confidence, dropping to 117.5 in May 2025, a decrease from 121.7 in April, which had recorded the first upturn in four months. This new figure marks the lowest level of consumer sentiment since September 2022, indicating waning purchasing power and a contracting middle class, as evidenced by a decline in most of the six sub-indices. Notably, perceptions of current economic conditions fell by 7.7 points to 106.0, income expectations for the next six months declined by 2.1 points to 135.4, current income levels decreased by 7.3 points to 118.1, job availability compared to six months ago dropped by 5.9 points to 95.7, and the economic outlook saw a modest decline of 0.8 points to 129.0. Conversely, the sub-index for overall job availability showed a slight increase, rising by 0.3 points to 123.8.