The Central Bank of Indonesia (BI) reported that the July 2023 consumer survey has been indicating relatively strong consumer confidence in the economy. This was also reflected in the July 2023 Consumer Confidence Index (IKK) which remained in the optimistic zone (>100) of 123.5. The relatively strong confidence was also boosted by the optimistic Current Economic Condition Index (IKE) and Consumer Expectation Index (IEK).