Indonesia Oct consumer confidence index rises to 100.2 points from 96.7 in Sept

AFX News
Indonesia's consumer confidence index in October showed more respondents were optimistic about the economy than those who are pessimistic, a Bank Indonesia survey showed.

This was the first time since December 2006 that the optimistic level was again reached.

The index rose to 100.2 points in October from 96.7 points in the preceding month.

The index last stood above 100 points in November 2006.

An index level below 100 indicates pessimism about the the outlook for the economy, while a number above 100 suggests optimism.

The survey showed that both components of the consumer index -- the present conditions index and the consumer expectations index -- rose in October.

The present conditions index, which indicates consumer confidence about current economic conditions compared to six months before, increased to 88.3 points from 85.3 in September.

Meanwhile, the consumer expectations index, which indicates confidence in the economic outlook for the subsequent six months, rose to 112.2 points from 108.1 points.