Tue, 13 Mar 2007
Consumer confidence continued to improve in the fourth quarter of last year, Australian research firm Roy Morgan said Tuesday (6/3/07) in its latest survey report.

The consumer confidence rating for the October-December period moved upward by another 3.2 points to 113.6, which means it is now 8.4 higher than for the same period a year earlier, said a statement by the research firm, according to The Jakarta Post.

Looking ahead, about 38% of the surveyed respondents said they expect to be financially better off within the next 12 months, with only 9% expecting otherwise.

Roy Morgan interviewed 6,297 respondents aged 14 and over during the October-December 2006 period.

On longer-term expectations, the survey found that 82% of respondents expect good financial conditions over the next five years, with 18% expecting bad economic conditions.

"The continuing buoyancy in consumer confidence should mark the end of the crisis triggered by the fuel price hikes in 2005. The recovery is well and truly on the way," said Ira Soekirman, director of Roy Morgan Research Indonesia.



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