Consumer confidence rises to 37-month high<\/p>\n
Delight and relief after the successful elections lifted the
\nConsumer Confidence Index (CCI) by 6.2 percent to a 37-month high
\nof 105.8 in October, Danareksa Research Institute (DRI) announced
\non Tuesday.<\/p>\n
According to DRI, the Present Situation Index (PSI) climbed
\n2.9 percent to a 35-month high of 84.2, while the Expectation
\nIndex (EI) soared by 8.1 percent to 122.0, a level unseen since
\nOctober 2001.<\/p>\n
People were not as nervous as in previous months and could
\neven feel content following the official announcement of the
\npresidential election in early October, DRI said in a press
\nstatement.<\/p>\n
With the risks from elections decreasing substantially with
\nthe inauguration of Indonesia's new leaders, optimism grew hoping
\nthe new government would soon realize its promise of improving
\nthe welfare of the nation's citizens, it said.<\/p>\n
Accordingly, the Consumer Confidence in the Government Index
\n(CCGI) jumped 6.7 percent to a 34-month high of 129.4 in the
\nOctober survey.<\/p>\n
People are expecting that the new government's economic
\nprogram succeed and result in an abundance of jobs and the
\nimprovement of family income.<\/p>\n
DRI suggested that the government should manage the
\nexpectations to anticipate changes in people's sentiment toward
\nthe administration as it would take considerable time before it
\ncould met people's expectations. -- JP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/consumer-confidence-rises-to-37-month-high-1447893297",
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"sponsor": "Okusi Associates",
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