Indonesia Still a Bright Spot Among Asian Markets: Nielsen Survey

Indonesia Still a Bright Spot Among Asian Markets: Nielsen Survey

Jakarta. Indonesian consumers remain among the most optimistic in the world in this year's first quarter, Nielsen Global Survey Index said in a report on Thursday (19/05).

Indonesia’s consumer confidence index rose slightly to 117, compared to 115 in the previous quarter, placing it beneath India and the Philippines respectively.

“The positive sentiment was boosted by the government's policy to reduce fuel prices,” said Agus Nurudin, Managing Director of Nielsen Indonesia in a statement.

Indonesian consumers generally have a positive outlook on their job prospects and financial income throughout this year.

The survey polled more than 30,000 online consumers in 63 countries in Asia-Pacific, Europe, Latin America, the Middle East, Africa and North America in March. 500 of the respondents were from Indonesia.

The survey found 7 out of 10 Indonesian online consumers believed their job prospects would be excellent throughout this year, a one point increase since the end of 2015. Indonesian consumers were also less concerned by recessionary pressures, with only 58 percent expressing fear of a recession, compared to 69 percent in the previous quarter.

The current consumer confidence index is still lower than what it was in the same period last year, when it stood at 120, amid more uncertain economic conditions.

Although economic concerns improved slightly to 40 percent in the Nielsen index in the first quarter, from 42 percent in the last quarter of 2015, Indonesians now worry more about crime and increasing food prices. Their indexes are measured at 17 percent and 13 percent respectively.

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