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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndonesiaIndonesia Consumer Confidence fell to 120.9% in May 2026
FMPMonthlyReleased June 2026
Indonesia Consumer Confidence fell to 120.9% in May 2026, released June 2026, down 2.1% from April's 123.0% reading. The reading matched the 124.0% consensus. Year-over-year, the indicator is up 3.4%. Over the past 3 months, Consumer Confidence averaged 122.95%, vs 125.8% in the prior 3-month window. Consumer Confidence is now the lowest in 6 months.
Latest Release
120.9
Actual
124
Consensus
123
Previous
Median Absolute Error
±3.42 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 124.5
Actual: 120.9
Error: +3.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.73 | COMMODITIES | Bullish XAU | → View |
| BTC/USD | ▼ Inverse | −0.31 | CRYPTO | Bearish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Indonesia) was reported at 120.9% in June 2026. This missed the market consensus of 124% by 3.1%. The reading fell from the previous value of 123%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 122.29%, ranging from 117.8% to 127% across 7 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 123.03%, unchanged from the prior three. Volatility over the past year (σ 3.25%) is higher than the prior year (σ 2.84%). In June readings over the past 3 years, Consumer Confidence has averaged 121.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 3.43%.
WHAT TO WATCH NEXT
The next release is scheduled for July 8, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Consumer Confidence - ID
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About Consumer Confidence — Indonesia
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 120.9 %, consensus 124 %. Prior reading (Apr 2026): 123 %. Before that (Mar 2026): 122.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.73) — a useful reference for commodities-focused traders.