Consumer Confidence Index Drops as Job Market Pessimism and Retail Sales Slower

13 Jun 2025 Valdy

The Consumer Confidence Index (CCI) decreased by 4.2 points to 117.5 in May 2025 from 121.7 in April 2025. This decline was due to reductions in both the Current Economic Condition Index (CECI) and Consumer Expectation Index (CEI), which fell by 7.7 points to 106 and 0.8 points to 129, respectively, in May 2025 (Figure 1). All CECI sub-indices declined, with the Durable Goods Purchase Index showing the most significant decrease of 9.8 points to 104.1 in April 2025. Additionally, the Employment Availability Index entered a pessimistic phase, falling below 100 points to 95.7, as the public perceived widespread layoffs by Indonesian companies due to increased global economic uncertainty.