Consumer confidence index fell to a three-month low on concern fewer jobs and the possibility of higher food prices will erode incomes, a central bank survey said, Bloomberg reported Monday (14/1/08).
The index dropped to 99.1 last month from 101.3 in November, according to Bank Indonesia, which surveyed 4,350 households in 18 major Indonesian cities. A reading below 100 indicates pessimists outnumber optimists.
"The respondents' declining expectations over their business turnover and their expectations of losing their jobs'' affected the index, the survey said. Consumers are also "predicting a price hike" in the next three months.