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Indonesia’s consumers not as negative, as economic outlook improves

Indonesian consumer confidence rebounded last month with an improved outlook for the economy in the next six months, following a series of stimulus packages issued by President Joko Widodo.

A monthly survey conducted by Bank Indonesia, which questioned 4,600 households in 18 cities across Indonesia, found that the country’s consumer confidence index strengthened to 99.3 in October, after dropping to 97.5 in September.

Any reading above 100 indicates that consumers are generally optimistic. In fact, before September, August 2010 was the last time there was a reading below 100.

(Source: Jakarta Globe )