ID :
59323
Thu, 05/07/2009 - 10:54
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https://www.oananews.org//node/59323
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BI SURVEY: CONSUMERS OPTIMISTIC OF THE ECONOMY
Jakarta, May 6 (ANTARA) - Results of a recent Bank Indonesia survey showed optimism for the future economic development with consumers' confidence index of 102.5, rising 3.9 points on a monthly basis and 15.7 points on an annual basis.
"Index of consumers' confidence (IKK) in April 2009 for the first time surpassed the optimistic level of 100 to 102.5 after staying at a pessimistic level since December 2007," according to the central bank on Wednesday.
The rise in the index was driven by increasing index of present economic conditions (IKE) and consumers' expectation (IEK) respectively by 2.0 points and 5.8 points.
The rise in the IKE was driven by increasing index of current income and index of employment availability, it said in its website.
It said the secure and conducive socio-political conditions in the country until the implementation of the legislative elections in April 9 were predicted to have helped increase public confidence in the country's economic conditions making the IKK to pass the optimistic level.
Compared to the year before the IKK rose quite significantly by 15.7 points, driven by increasing optimism of respondents towards the IEK which was up quite high by 22.7 points and the drop in the IKE by 8.7 points.
The results of the survey done in April still showed the present economic condition index (IKE) was still at a pessimistic level of 88.2 points although it had increased by 2.0 points from the month before.
The rise in the economic condition index (IKE) was caused by rising index of income by 3.5 points and index of employment availability by 3.3 points.
Annually the index of economic conditions (IKE) also rose 8.7 points from the previous year. The rise was caused by the strengthening of components that formed the IKE namely income index now at 9.6 points, index of timely purchase of durable goods of 4.4 points and index of employment availability of 12.1 points.
In April 2009, the index of economic conditions (IEK) was recorded at 116.8, rising 5.8 points compared to the results of survey last month.
The driving factors behind the increasing index of economic condition (IEK) were strengthening index of economic expectations of 8.1 points and lowering of level of pessimism towards employment availability of 9.6 points.
Compared with the year before the index of economic conditions (IEK) had also increased by 22.7 points. The rise occurred because the index of all components underlying it, namely the index of income expectations rose 7.0 points, index of economic expectations rose 39.0 points and index of employment expectations rose 22.1 points.
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"Index of consumers' confidence (IKK) in April 2009 for the first time surpassed the optimistic level of 100 to 102.5 after staying at a pessimistic level since December 2007," according to the central bank on Wednesday.
The rise in the index was driven by increasing index of present economic conditions (IKE) and consumers' expectation (IEK) respectively by 2.0 points and 5.8 points.
The rise in the IKE was driven by increasing index of current income and index of employment availability, it said in its website.
It said the secure and conducive socio-political conditions in the country until the implementation of the legislative elections in April 9 were predicted to have helped increase public confidence in the country's economic conditions making the IKK to pass the optimistic level.
Compared to the year before the IKK rose quite significantly by 15.7 points, driven by increasing optimism of respondents towards the IEK which was up quite high by 22.7 points and the drop in the IKE by 8.7 points.
The results of the survey done in April still showed the present economic condition index (IKE) was still at a pessimistic level of 88.2 points although it had increased by 2.0 points from the month before.
The rise in the economic condition index (IKE) was caused by rising index of income by 3.5 points and index of employment availability by 3.3 points.
Annually the index of economic conditions (IKE) also rose 8.7 points from the previous year. The rise was caused by the strengthening of components that formed the IKE namely income index now at 9.6 points, index of timely purchase of durable goods of 4.4 points and index of employment availability of 12.1 points.
In April 2009, the index of economic conditions (IEK) was recorded at 116.8, rising 5.8 points compared to the results of survey last month.
The driving factors behind the increasing index of economic condition (IEK) were strengthening index of economic expectations of 8.1 points and lowering of level of pessimism towards employment availability of 9.6 points.
Compared with the year before the index of economic conditions (IEK) had also increased by 22.7 points. The rise occurred because the index of all components underlying it, namely the index of income expectations rose 7.0 points, index of economic expectations rose 39.0 points and index of employment expectations rose 22.1 points.
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