Indonesian people second-most confident in world: survey

14:30, June 30, 2010      

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Indonesian people are the second- most confident in the world towards their job prospects and near- term financial futures, according to a global survey released by media and consumer research company AC Nielsen, a local media reported Wednesday.

Indonesia was up a point to 116 in the consumer confidence index, second only to India's 127 and just above Norway's 115, according to the survey that was released here on Tuesday.

About 70 percent of people polled described their job prospects as excellent or good, well above the 57 percent average for consumers in the Asia-Pacific region, and 77 percent of people said they were upbeat about their personal finances over the next 12 months.

In addition, 46 percent said they believed now was a good or excellent time to buy things they want and need, an increase from 41 percent six months ago. The survey found that Indonesian people plan to indulge themselves by spending more on vacations and new clothes, while the percentage of those using disposable income to pay down debts has slipped to 28 percent from 30 percent in the third quarter of last year.

While exceedingly confident, Indonesian people also rated the economy as their second-biggest concern. That compares to consumers in Asia Pacific who put the economy as their chief worry.

More than half -- about 55 percent -- of people surveyed do not believe Indonesia is in a recession.

The Nielsen survey, conducted online in March, measured the views of 27,000 people in 55 countries in Asia, Europe, Latin America, North America and the Middle East. In Indonesia, a total of 505 online users participated in the survey.

Source: Xinhua


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