Jakarta, CNBC Indonesia - Indonesian consumer confidence in April\n2026 remains in the optimistic zone. However, there are signals that\nwarrant attention as public expectations regarding future economic\nconditions have weakened once again.<\/p>\n
Based on Bank Indonesia\u2019s (BI) Consumer Survey released on Monday\n(11\/5\/2026), the Consumer Confidence Index (IKK) for April 2026 was\nrecorded at 123.0. This figure rose slightly compared to March 2026,\nwhich stood at 122.9.<\/p>\n
Consumer confidence in April was primarily supported by an\nimprovement in public perception of the current economic situation. This\nis reflected in the Current Economic Condition Index (IKE), which rose\nto 116.5, higher than March 2026\u2019s 115.4.<\/p>\n
With this position, Indonesian consumers are generally still\noptimistic as the IKK remains above the 100 level. In BI\u2019s survey, an\nindex above 100 indicates that consumers are in an optimistic zone.<\/p>\n
However, the slight rise in IKK does not fully reflect an even\nimprovement. This is because the consumer expectations component for\nfuture economic conditions has once again declined.<\/p>\n
Consumer Expectations Continue to Fall<\/p>\n
Behind the maintained IKK, the Consumer Expectations Index (IEK) in\nApril 2026 fell to 129.6. This figure is lower than the previous month\u2019s\n130.4.<\/p>\n
This decline indicates that although consumers remain fairly\nconfident about the current economic situation, their outlook for\neconomic prospects over the next six months or until October 2026 is\nbecoming more cautious.<\/p>\n
Pressure on expectations is also evident from its three forming\ncomponents. Based on BI data, all expectation components weakened in\nunison in April 2026.<\/p>\n
The Income Expectations Index (IEP) fell from 137.7 in March 2026 to\n136.9 in April 2026. This means that consumer hopes for income increases\nover the next six months have slightly tapered off.<\/p>\n
A decline also occurred in the Job Availability Expectations Index\n(IEKLK). This index dropped from 128.0 in March 2026 to 127.7 in April\n2026. Although still in the optimistic zone, this weakening shows that\nconsumers are starting to be more cautious in viewing future labour\nmarket prospects.<\/p>\n
Meanwhile, the most significant weakening occurred in the Business\nActivity Expectations Index (IEKU). This index fell from 125.5 in March\n2026 to 124.1 in April 2026.<\/p>\n
Thus, IEKU declined by 1.4 points monthly. This drop is larger than\nthe IEP\u2019s 0.8-point decline and the IEKLK\u2019s 0.3-point decline.<\/p>\n
Decline Trend Visible Since Early in the Year<\/p>\n
The weakening of consumer expectations is one of the important notes\nin this survey. Although still at optimistic levels, several expectation\nindices have been showing continuous declines since early 2026.<\/p>\n
The most noticeable decline occurred in the Business Activity\nExpectations Index (IEKU). In January 2026, IEKU was still at 135.3.\nHowever, by April 2026, the index had fallen to 124.1.<\/p>\n
This means that in the first four months of 2026, consumer\nexpectations for business activity have dropped by 11.2 points. This\nserves as a signal that consumers are starting to see future business\nactivity prospects as not as strong as at the beginning of the year.<\/p>\n
A similar trend is also seen in income and job expectations. The\nIncome Expectations Index (IEP) fell from 146.0 in January 2026 to 136.9\nin April 2026.<\/p>\n
Meanwhile, the Job Availability Expectations Index (IEKLK) dropped\nfrom 135.1 to 127.7 over the same period.<\/p>\n
Consumers Still Optimistic, But More Cautious<\/p>\n
Although the expectations component has weakened, all indices remain\nabove the 100 level. This means consumers are still optimistic about\nfuture economic conditions.<\/p>\n
However, the direction of the decline still needs to be monitored. A\ndecline in expectations could signal that the public is starting to\ntemper optimism amid various uncertainties.<\/p>\n
This situation could be influenced by various factors, from price\npressures, the rupiah exchange rate still at a weak level, global\neconomic uncertainty, to risks of rising living costs. For consumers,\nthese factors can affect views on income, employment, and future\nbusiness activity.<\/p>\n
Thus, BI\u2019s report this time shows two different sides. On one hand,\nconsumer confidence is still maintained and even rose slightly in April\n2026. On the other hand, expectations for future economic conditions\ncontinue the downward trend.<\/p>\n
In other words, Indonesian consumers have not lost optimism. However,\nthat optimism is now beginning to be overshadowed by a more cautious\nattitude.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/latest-survey-indonesian-public-growing-anxious-about-future-economy-1778561571", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }