Consumer Confidence Index Drops to 115 in September Signaling Weaker Optimism Among Indonesians
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| Consumer Confidence Index Drops to 115 in September Signaling Weaker Optimism Among Indonesians. |
Bank Indonesia (BI) reported that public optimism toward the national economy has begun to slow down. According to BI’s latest survey, the Consumer Confidence Index (CCI) in September 2025 stood at 115.
While the number remains above the optimism threshold of 100, it declined from 117.2 in August. In fact, this September figure marks the lowest level since April 2022, showing that people are becoming more cautious about the country’s economic outlook.
Simply put, the CCI reflects how confident consumers feel about the current economic situation and the next six months. A score above 100 indicates optimism, while below 100 shows that consumers are starting to feel pessimistic.
Economic Conditions Feel Heavier for Households
According to Bank Indonesia data, the Current Economic Condition Index (CECI) dropped to 102.7 in September from 105.1 in August. This decline indicates that people are starting to feel financial pressure, both in terms of income and job opportunities.
Meanwhile, the Consumer Expectation Index (CEI), which represents public expectations for the next six months, also slipped from 129.2 in August to 127.2 in September. Although still relatively high, the downward trend shows growing uncertainty about short-term economic prospects.
Job Availability Becomes the Main Concern
Looking at the components that make up the CECI — the Current Income Index (CII), Durable Goods Purchase Index (DGPI), and Job Availability Index (JAI) — all experienced a decline in September.
The Job Availability Index is particularly concerning, falling into the pessimistic zone at 92, down from 93.2 in August. This means people are beginning to feel it’s getting harder to find or keep a job.
Interestingly, this pessimism is most evident among those with high school and diploma-level education. The index for job confidence among high school graduates stood at 86.4, while for diploma holders it was 99.5.
Meanwhile, the other two components — CII and DGPI — remained in optimistic territory, though slightly lower. The Current Income Index was recorded at 112.9, down from 116.9 in August. The Durable Goods Purchase Index reached 103.2, slightly lower than 105.1 the previous month.
What Does This Mean for the Economy and Consumers?
The drop in the CCI suggests that consumer spending power may begin to weaken. When people feel uncertain about their income or job prospects, they tend to delay purchasing non-essential goods such as electronics, vehicles, or home appliances.
This situation can potentially impact Indonesia’s overall economic growth since household consumption remains the largest contributor to the country’s Gross Domestic Product (GDP).
However, BI emphasized that overall consumer confidence is still in optimistic territory because the CCI remains well above 100. Still, the government needs to pay attention to this downward trend to prevent further weakening in the upcoming quarter.
Efforts such as maintaining food price stability, expanding job opportunities, and strengthening household purchasing power are key to sustaining consumer optimism.
In general, Bank Indonesia’s September 2025 survey shows that Indonesians remain optimistic about the economy, but with growing caution. The decline in CCI from 117.2 to 115 serves as an early warning for policymakers and businesses to maintain economic stability and job creation.
Consumers’ cautious behavior amid global uncertainty and potential food price increases poses a challenge for Indonesia’s economic growth in the months ahead.
If the government can maintain public confidence through targeted policies, consumer optimism is expected to recover by the end of the year.
