Business Tendency Index and Consumer Tendency Index Quarter IV-2019 and Estimation for Quarter I-2020

Release Date	:	February 5, 2020
File Size	:	0.33 MB

Abstract

The improvement in consumer economic conditions in quarter IV-2019 was influenced by an increase in household income (index value of 108.75) and volume of household consumption (index value of 109.81) and relatively no inflationary effect on household consumption (index value of 104 , 43).

The upcoming Consumer Tendency Index (ITK) of 98.81 means that the economic condition of consumers in the first quarter of 2020 is not expected to improve with a level of optimism lower than quarter IV-2019. This is because consumers hold purchases of durable goods (index 80.92). However, consumers are optimistic that their income will increase in the first quarter of 2020 (index value 109.02).

The economic conditions of consumers in all provinces in Sumatra Island, namely Jambi Province, Bangka Belitung Islands Province, Bengkulu Province, Riau Islands Province, North Sumatra Province, Riau Province, Aceh Province, West Sumatra Province, Lampung Province, and South Sumatra Province in Quarter IV- 2019 increased compared to the previous quarter. Among all the provinces on the island of Sumatra, the current value of ITK in South Sumatra Province is number four highest.

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