BI: Consumer Confidence in Economy Remains Strong in March 2026

Jakarta (ANTARA) - Bank Indonesia’s Consumer Survey for March 2026 indicates that consumer confidence in the economic conditions remains strong, with the Consumer Confidence Index (IKK) remaining at an optimistic level or above 100. The IKK for March 2026 was recorded at 122.9, although lower than the previous month’s IKK of 125.2. “Bank Indonesia’s Consumer Survey for March 2026 indicates that consumer confidence in the economic conditions remains strong,” said Executive Director of the BI Communication Department, Ramdan Denny Prakoso, in his statement in Jakarta on Friday. Furthermore, BI noted that the sustained strength in consumer confidence in March 2026 was influenced by confidence in current economic conditions and over the next six months. The Current Economic Condition Index (IKE) and Consumer Expectations Index (IEK) remained at optimistic levels, at 115.4 and 130.4, respectively. In more detail, the IKE for March 2026 was slightly lower than the previous month’s figure of 115.9. The sustained strength of the IKE was supported by an increase in the Current Income Index (IPSI), recorded at 129.2, higher than the previous month’s 125.0. Meanwhile, the Job Opportunities Availability Index (IKLK) and the Durable Goods Purchase Index (IPDG) were recorded at optimistic levels of 107.8 and 109.2, respectively, although lower than the previous month’s 110.7 and 112.0. The IEK for March 2026 was lower compared to the previous month’s index of 134.4. The strength of the IEK stemmed from optimism in income expectations, job opportunities availability expectations, and business activity expectations, recorded at 137.7, 128.0, and 125.5, respectively. In the same report, BI noted that the average proportion of consumer income allocated to consumption (average propensity to consume ratio) was recorded at 72.2% in March 2026, higher than the previous month’s proportion of 71.6%. The proportion for debt instalment payments (debt instalment to income ratio) was 10.2%, lower than the previous month’s 10.6%. Meanwhile, the proportion of consumer income saved (saving to income ratio) was 17.6%, relatively stable compared to the previous month’s 17.7%.