Approaching November, the stock market may potentially be influenced by several important economic data releases. The economic activity recovery has brought Indonesia’s Manufacturing PMI back into the expansion zone at 52.2 last month; also the highest in the ASEAN region. Meanwhile, the Bloomberg consensus survey projects an inflation increase of 1.64% yoy in October 2021; or up from the previous month of 1.6%. Towards the end of the week, investors’ focus will be on the release of Indonesia’s GDP data for the third quarter of 2021; with an estimated growth of 3.56% yoy and 1.54% qoq.
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