Business News Jakarta Management | Crown Capital News Blog : Indonesian Consumers Grip Wallets Amid Surge in Power Costs

2013-06-20 18

http://tinyurl.com/ogz2ohr/

Consumer confidence in Indonesia has declined as the looming rise in electricity costs prompts consumers to delay the purchase of durable goods, a central bank survey has shown.

Bank Indonesia’s report, released on Friday, showed that the Consumer Confidence Index, which measures consumers’ sentiment towards economic conditions, slipped to 116.2 points in January from a record-equaling 116.4 in December.

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