Consumer Confidence Index Plummets in May 2026

Bank Indonesia’s (BI) Consumer Survey reported that the Consumer Confidence Index in May 2026 stood at 120.9, a sharp drop compared to the previous month’s level of 123.0.

According to BI Executive Director of the Communications Department Ramdan Denny Prakoso, the survey results indicate that consumer confidence in the economy remains strong. ‘This is reflected in the May 2026 Consumer Confidence Index, which remains in the optimistic zone (index >100) at 120.9,’ Denny said in a written statement on Wednesday, 10 June 2026.

Denny stated that consumer confidence in April 2026 was underpinned by perceptions of current conditions and future expectations. The Current Economic Conditions Index in May was recorded at 112.2, lower than the previous month’s index of 116.5. Meanwhile, the Consumer Expectations Index rose slightly month-on-month to 129.7.

The components forming the Current Economic Conditions Index in May 2026 all declined. The Job Availability Index component fell to 105.0. The Durable Goods Purchases Index also declined month-on-month to 108.3. Lastly, the Current Income Index was recorded as weakening to 123.2.

Meanwhile, two components of the Consumer Expectations Index were recorded as increasing, while one weakened. The Business Activity Expectations Index rose to 124.5 from 124.1 the previous month. The Job Availability Expectations Index increased to 128.1 from 127.7 the previous month. However, the Income Expectations Index fell to 136.5.

Consumer expectations regarding business activity developments improved slightly to 129.7. This increase was driven by rising optimism in job availability expectations at 128.1 and business activity expectations at 124.5.

Meanwhile, income expectations were recorded at an optimistic level of 136.5, lower than the previous month’s 136.9.

Based on spending groups, consumer expectations regarding business activity developments varied. The spending group with the highest expectations was respondents with expenditure above Rp5 million, at 138.2. Based on age, the 20–30 years age group was at 142.6; the 31–40 years age group at 140.4; and the 41–50 years age group at 135.9.