Consumer Confidence Index Falls in February 2026
A Bank Indonesia survey of the consumer confidence index (IKK) in February 2026 recorded a level of 125.2, declining compared to January’s reading of 127.0, according to Ramdan Denny Prakoso, Head of Bank Indonesia’s Communications Department, in a written statement on Monday, 9 March 2026.
The consumer confidence index is calculated from the average of the current economic condition index (IKE) and the consumer expectations index (IEK). The IEK was recorded at 134.4, down from January, whilst the IKE showed modest monthly strengthening to 115.9.
By expenditure category, Bank Indonesia noted that all groups declined except for spending of Rp 3.1–4 million per month, which increased on a monthly basis.
Bank Indonesia recorded an improvement in consumer perception of current economic conditions, reflected in the February 2026 IKE of 115.9. The central bank attributed this post-month increase to gains across all component indices: the current income index (IPSI), the employment availability index (IKLK), and the durable goods purchase index (IPDG), which each increased to 125.0, 110.7, and 112.0 respectively on a monthly basis.
Despite rising consumer optimism regarding current conditions, Bank Indonesia noted weakening public confidence towards economic conditions over the next six months. This decline was reflected in the February 2026 IEK of 134.4, falling from January’s 138.8.
Consumer confidence in conditions over the coming six months was influenced by three components: expected income, expected employment availability, and expected business activity—all of which declined in tandem.
Respondent perception of expected income over the next six months, for instance, stood at 140.7, down from the previous month’s 146.0.
Bank Indonesia also recorded a declining proportion of household income allocated to consumption. The average propensity to consume ratio stood at 71.6 per cent in February 2026, lower than the previous month’s 72.3 per cent.
Meanwhile, the debt installment to income ratio fell to 10.6 per cent from the prior month’s 11.2 per cent.
On savings, Bank Indonesia recorded that the proportion of consumer income saved rose to 17.7 per cent, up from January’s 16.5 per cent.