Indonesians less optimistic on economy

JAKARTA: Indonesian consumers were less optimistic in April due to slowing domestic consumption in Southeast Asia's largest economy, a Bank Indonesia survey showed on Monday.

The consumer confidence index fell to 113.9 from the previous reading of 118.2. A reading above 100 indicates that consumers in general are optimistic.

The index declined due to perceptions of fewer jobs, a slowdown in purchases of durable goods and easing incomes.

Consumers expect price pressures to increase in the next three months due to rising demand in the Ramadan fasting month.