{
    "success": true,
    "data": {
        "id": 1124178,
        "msgid": "consumer-confidence-index-falls-to-26-month-low-1447893297",
        "date": "2005-11-23 00:00:00",
        "title": "Consumer confidence index falls to 26-month low",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "Consumer confidence index falls to 26-month low Bank Indonesia's consumer confidence index fell last month to the lowest in more than two years after the government raised fuel prices on Oct. 1. An index measuring confidence dropped 13.1 points to 76.9 in October from 90.1 in September, according to the central bank survey of 4,350 households in 16 cities. That was the lowest since August 2003. An index number exceeding 100 indicates more optimists than pessimists.",
        "content": "<p>Consumer confidence index falls to 26-month low<\/p>\n<p>Bank Indonesia's consumer confidence index fell last month to the<br>\nlowest in more than two years after the government raised fuel<br>\nprices on Oct. 1.<\/p>\n<p>An index measuring confidence dropped 13.1 points to 76.9 in<br>\nOctober from 90.1 in September, according to the central bank<br>\nsurvey of 4,350 households in 16 cities. That was the lowest<br>\nsince August 2003.<\/p>\n<p>An index number exceeding 100 indicates more optimists than<br>\npessimists.<\/p>\n<p>\"Higher prices and a decrease in income because of a decrease<br>\nin sales at businesses led to the drop in the index,\" the central<br>\nbank said in a statement on its Web site.<\/p>\n<p>\"Consumers optimism for economic outlook for the next six<br>\nmonths decreased.\"<\/p>\n<p>Indonesia's inflation rate surged last month to a six-year<br>\nhigh after President Susilo Bambang Yudhoyono's government on<br>\nOct. 1 more than doubled, on average, fuel prices for consumers<br>\nto cap energy subsidies that have eroded investor confidence in<br>\nthe country's finances and caused the currency to plunge.<\/p>\n<p>Bank Indonesia has raised its key interest rate five times<br>\nsince July, with a record 1 1\/4 percentage point increase on Nov.<br>\n1 aimed at curbing inflation and bolstering the currency taking<br>\nthe rate used as a reference for bill sales to 12.25 percent.<\/p>\n<p>Higher borrowing and fuel costs resulted in a decline in car<br>\nand cement sales in October.<\/p>\n<p>Cement sales by companies such as PT Semen Gresik and smaller<br>\nrival PT Indocement Tunggal Prakarsa fell 5.1 percent to 3.4<br>\nmillion tons last month from a year earlier.<\/p>\n<p>Car sales in Indonesia fell 20 percent to 35,103 units in<br>\nOctober from 44,044 the previous month after declining 13 percent<br>\nin September, according to figures from PT Toyota-Astra Motor,<br>\nthe local unit of Toyota Motor Corp., which are compiled from<br>\ndata from the Association of Indonesian Automotive Industries.<\/p>\n<p>Motorcycle sales fell to 452,876 units in September from<br>\n504,787 units in August.<\/p>\n<p>Indonesia's economy expanded 5.3 percent in the three months<br>\nto Sept. 30 from a year earlier after gaining 5.8 percent in the<br>\nprevious quarter.<\/p>\n<p>That was more than the median forecast of 5.1 percent growth<br>\nin a Bloomberg survey of 12 economists.<\/p>\n<p>The expansion was led by government spending which rose 16.2<br>\npercent after contracting 5.7 percent in the previous quarter.<br>\n-- AP<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/consumer-confidence-index-falls-to-26-month-low-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}