Election spurs consumer confidence<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
September's successful and peaceful election helped boost the
\nconsumer confidence index (CCI) during the month, offsetting the
\nnegative sentiment stemming from a bomb attack earlier in the
\nmonth.<\/p>\n
While a bomb blast outside the Australian Embassy on Sept. 9
\nkilled 11 people and injured dozens of others, the smooth Sept.
\n20 election brought major relief for Indonesians, the latest
\nsurvey from the Danareksa Research Institute showed on Thursday.<\/p>\n
\"Reflecting this relief, the CCI rose 1.6 percent in September
\nto 99.6 points, jacked up by a whooping 7.7 percent surge in the
\nlevel of the present situation index (PSI) to 81.9, a 25-month
\nhigh,\" Danareksa said.<\/p>\n
Most Indonesians also have confidence in the ability of the
\nnew government -- led by the relatively market friendly President
\nSusilo Bambang Yudhoyono -- to deal with the country's myriad of
\neconomic ills, the survey added.<\/p>\n
\"People are convinced that the new government can improve the
\neconomy, contain inflation, provide better public services,
\nrestore public order and security, and, above all, uphold the
\nlaw.\"<\/p>\n
The positive sentiment had given people a renewed appetite for
\npurchasing durable goods, boosting the number of people who said
\nthey intended to buy consumer durables over the next month to a
\n14-month high of 26.2 percent in September, as against 23.3
\npercent in August.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/election-spurs-consumer-confidence-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}