Indonesia Consumer Confidence Weakens in Mar-26

MACROECONOMY 
Indonesia Consumer Confidence Weakens in Mar-26 
Indonesia’s Consumer Confidence Index (CCI) fell to 122.9 in Mar-26 (vs 125.2 in Feb-26), the lowest in five months, reflecting weakening sentiment as job availability perceptions declined and consumers held back on big-ticket spending; while income indicators remained resilient, expectation indices (income, jobs, business activity) softened, alongside rising consumption share (72.2% of income) and stagnant savings, signaling pressure from rising living costs and early signs of labor market concerns. (Trading Economics) 

COMPANY 
BCAS: 3M26 - 4W Wholesales & 2W Sales 
- In Mar 2026, Astra posted sales of 32k units, -24.7% mom and -24% yoy; with market share maintained at 47%. Non Astra sales also dropped 24.3% mom and modest -2.3% yoy. As the results, total 4W wholesales declined 13.2% yoy and 14.8% mom. 
- The weak sales in March was the impact of seasonality (Lebaran). 3M25 sales improving 1.6% yoy, accounting for 24.6% of Gaikindo's target of 850k sales in 2026. 
- 4W retail sales was -13.2% yoy and -14.8% mom in Mar-2026. 
- 2W domestic sales showed same pattern, -17.1% yoy and -23.6% mom in March 2026, cummulative sales 3M26 was -4% yoy