A. General Explanation
The Consumer Tendency Index (ITK) is an indicator of the latest economic development produced by the Central Statistics Agency (BPS) through the Consumer Tendency Survey (STK). ITK is a composite index of household perceptions regarding consumer economic conditions and consumer behavior regarding the economic situation in the current quarter and estimates for the next quarter.
Before the first quarter of 2011, BPS only implemented STK in the Jabodetabek area, but since the first quarter of 2011 the implementation of STK was expanded to all provinces. Starting in 2012, the household sample target in Central Java Province was 1,560 households. By expanding the sample, ITK values can be presented at the provincial level. This effort is expected to be able to meet increasingly diverse data needs down to the regional level.Starting from the implementation of STK in the first quarter of 2013, changes were made to the design of the questionnaire, which was intended to better capture changes in economic conditions according to respondents.STK respondents are a sub-sample of the National Labor Force Survey (Sakernas), especially in urban areas. Sample selection was carried out on a panel basis between quarters to obtain a more accurate picture of changes in consumer perceptions over time.B. Consumer Economic Conditions Quarter II-2014
The ITK value in Central Java in the second quarter of 2014 was 114.80, meaning that consumer economic conditions had improved compared to conditions in the previous quarter. Based on the forming variables, the improvement in consumer economic conditions in the second quarter of 2014 was driven by three factors, namely current household income (index value 114.59), the influence of inflation on consumption levels (index value 118.66) and consumption levels of several food commodities and non-food (index value 110.43).
C. Consumer Economic Estimates for Quarter III-2014
The ITK value in Central Java in the third quarter of 2014 is estimated at 115.61, meaning that economic conditions are perceived from the consumer side to be better than in the second quarter of 2014. The improvement in the economy in the third quarter of 2014 is due to the future household income index being estimated to be better than the current quarter, with an index value of 121.26 and the index of plans to purchase durable goods is also higher, namely 105.49.
