Approaching August, JCI’s movement may be influenced by some economic data releases which are scheduled for the first week of the month. Investors will pay close attention to the impact of stricter PPKM on inflation and Manufacturing PMI for July 2021. Meanwhile, Statistics Indonesia (BPS) is scheduled to release Indonesia’s Q2 GDP on August 5, 2021. Based on the Bloomberg economist consensus, economic growth is predicted to reach 6.41% YoY. However, some government agencies and financial institutions have revised down Indonesia’s GDP growth projection to around 4% for this year.
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