Consumer Optimism Holds SUN Market. Bank Indonesia (BI) recorded the Consumer Confidence Index (IKK) in October at 113.4, up from 95.5 in the previous month. A reading of more than 100 in the IKK reflects optimism, as economic activity and people’s incomes improve after the easing of the mobility restriction policy. The economic recovery made investors reduce the portion of bonds, and look for riskier instruments such as stocks. Previously, Indonesia was in the pessimistic zone for three months until September.
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