Public Purchasing Power Improves, SUN Market Mixed. Market participants responded positively to the August retail sales data, which improved from last July. The increase in the Retail Sales Index (IPR) indicates that people’s purchasing power is starting to strengthen. In more detail, Bank Indonesia (BI) reported that IPR grew by 2.1% MoM in August 2021. This retail sales accelerated, compared to the previous month, which contracted by 5% MoM. As for the results of the auction of Government Securities (SUN) yesterday, the government managed to absorb funds worth IDR 8 trillion, from the incoming bids worth a total of IDR 50.1 trillion.
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