Indonesian consumers grew more optimistic about their economic prospects in January, thanks to the recent fuel price cuts, according to surveys from the central bank and a state-controlled research institute.
Bank Indonesia’s Consumer Confidence Index, which is based on a sample of 4,600 households in 18 major cities in Indonesia, increased by 3.7 points to 120.2 point in January.
A level of more than 100 points generally means consumers are optimistic about the country’s economy.
