BI Survey: Consumer In Spending IDR 1 Million-3 Million In February 2021 Increases, Surabaya Is The Highest

Suro and Boyo statue. (Photo: Doc. Antara)

JAKARTA - Consumer confidence in the country in February 2021 has begun to improve. At least that can be seen in the results of a survey conducted by Bank Indonesia (BI), where consumer confidence has improved the most in the city of Surabaya.

The Executive Director of the Head of the BI Communication Department, Erwin Haryono, said that the Bank Indonesia (BI) consumer survey in February 2021 indicated that consumer confidence in economic conditions had improved. This is reflected in the Consumer Confidence Index (IKK) for February 2021 of 85.8, a slight increase from 84.9 in January 2021.

"Consumer confidence is observed to strengthen among respondents with spending levels of IDR 1-3 million per month. Spatially, consumer confidence has improved in the 7 cities surveyed, with the highest increased in the city of Surabaya, followed by Manado and Makassar", Erwin said in his written statement on Monday. March 8.

He said that the improving consumer confidence in February 2021 was driven by perceptions of current economic conditions, both in terms of job availability, income, and timeliness of purchasing durable goods.

"Meanwhile, consumer expectations of future economic conditions remain positive and relatively stable compared to expectations in the previous month, supported by expectations of future incomes", he explained.