News Economics-Business

BI Malang Says Consumer Optimism Remains Maintained

Klojen (malangkota.go.id) – The results of the Bank Indonesia Malang Consumer Survey in October 2024 indicated that consumer confidence in economic conditions remained maintained, although slightly moderated.

This is reflected in the Consumer Confidence Index (CCI) for October 2024, which was recorded at 167,17, although it was relatively lower compared to the index in September 2024 of 170,83.

Several things were conveyed by the Head of the Bank Indonesia Representative Office, Malang Branch, Febrina, Saturday (2/11/2024). Thus, it can be concluded that consumer confidence in economic conditions remains at an optimistic level (index > 100).

"Consumer optimism towards current economic conditions is also maintained, as reflected in the October Economic Condition Index (IKE) of 157,33, although lower than in September 2024 which was recorded at 162,33," said the woman in the hijab.

The maintenance of the October 2024 IKE was supported by the continued strength of the durable goods purchasing index which was still the same as the previous period at 157,00.

Consumer expectations for the six-month economic outlook are also still strong. This is reflected in the October 2024 Economic Condition Expectation Index (IEK) of 177,00 or at an optimistic level (>100), although slightly lower than September at 179,33.

"Consumer expectations for future economic conditions are still maintained, especially supported by strong expectations of business activities recorded at 178,00, higher than the previous month," he concluded. (say/yon)

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