PORTALJABAR, BANDUNG CITY - The Deposit Insurance Corporation (LPS) noted that the Consumer Savings Index (IMK) in April 2025 was at 83.4, up 5.1 points from the previous month's position. This is in line with the increase in the Savings Time Index (IWM) component by 7.6 points in the same period to 94.6 and the Savings Intensity Index (IIM) which grew 2.7 points to 72.2. Regarding the IIM component, 29.3% of respondents to the LPS Consumer and Economic Survey (SKP) stated that they had never saved.

Secretary of the Deposit Insurance Corporation

Jimmy Ardianto said this figure was lower than the 31.9% of respondents who had never saved in March 2025.

"There was a decrease in the percentage of respondents who considered that the value saved was smaller than planned, namely from 53.7% of respondents in March 2025 to 49.1% of respondents in April 2025," said Jimmy, Monday (5/5/2025)

Regarding the IWM component, according to Jimmy, the percentage of respondents who considered that now is the right time to save was recorded to have increased to 27.9% in April 2025, from 24.8% in March 2025.

'In line with this, the percentage of respondents who stated that the next three months are the right time to save increased, namely to 42.3% from 38.9% in the same period. This development indicates that consumer savings plans and intensity are returning to normal after Eid al-Fitr,' he explained.

Jimmy further stated that the movement of IMK in some household income groups (RT) tended to strengthen in April 2025. The largest increase in IMK was seen in the RT group with income above IDR 1.5 million–IDR 3 million/month (up 8.8 points) and RT with income up to IDR 1.5 million/month (up 7.2 points).

"In line with the two previous groups, the IMK of the RT group with income above IDR 3 million–IDR 7 million was recorded to have increased (up 6.0 points). Specifically for the RT group with income above IDR 7 million/month, the IMK experienced a slight decline (down 1.0 points), but remained consistently above level 100," explained Jimmy.

Meanwhile, the latest LPS SKP results also show a strengthening of the Consumer Confidence Index (IKK) in April 2025. The April 2025 IKK was recorded at 103.1, an increase of 1.6 points MoM. This development shows a positive consumer perception that is strengthening again towards the national economic conditions and in their region.

"Strengthening is also seen in two IKK components, namely the Current Situation Index (ISSI) and the Expectation Index (IE). ISSI increased to 81.9 from 79.3 in March 2025. In addition, IE also strengthened to 118.9 from 118.2 in March 2025," he said.

The increase in consumer optimism last April was due to, among other things, the distribution of a number of social assistance programs (bansos) at the beginning of the second quarter of 2025 (Family Hope Program, Non-Cash Food Assistance, 10 kg rice assistance, Smart Indonesia Program), as well as the successful harvest of food crops (rice and corn).

In addition, improvements in public infrastructure ahead of the last holiday and more controlled increases in staple food prices during fasting and Eid al-Fitr have also encouraged positive public perceptions of the economy in their region. As an illustration, inflation in food, beverages, and tobacco components during Ramadan in 2025 (March 2025) reached 1.2% MoM, or lower than inflation in March 2024 which was 1.4% MoM.

"Reviewed based on household (RT) income, the IKK in the majority of RT groups strengthened in April 2025 and rose above level 100. The largest increase occurred in the IKK of the RT group with an income of up to IDR 1.5 million/month (up 7.3 points)," explained Jimmy.

"The RT IKK with income above IDR 1.5 million–IDR 3 million/month and RT with income above IDR 3 million–IDR 7 million/month increased by 2.5 points and 0.3 points respectively. Meanwhile, the RT IKK with income above IDR 7 million decreased by a limited 0.7 points," he added.

The Consumer Savings Index (CSI) shows consumers' intention and ability to save. The CSI level above 100 shows consumers' high intention and ability to save. The CSI consists of two components, namely the Savings Intensity Index (IIM) and the Savings Time Index (IWM). The IIM shows consumers' assessment of the intensity and ability to save, while the IWM describes consumers' assessment of the right time to save or the intention to save.

"The Consumer Confidence Index (CCI) shows consumer perceptions of economic conditions, employment and household income. A CCI level above 100 indicates that consumers are more optimistic about general economic conditions, regional economies, current employment conditions and prospects in the next six months," Jimmy concluded.