JCI’s movement this week will lack sentiments, be it domestic or global. The new monthly economic data releases are scheduled toward the end of the week, Inflation rate and Manufacturing PMI. Up until August 2021, Consumer Price Index (CPI) for Indonesia is still at 1.59%; lower than BI’s target. Survey from the central bank predicts September inflation to only reach 0.01% MoM. Meanwhile, Manufacturing PMI is expected to rise alongside the relaxation of economic activity. As a note, Indonesia’s Manufacturing PMI fell under the expansion zone in July 2021 due to the tightening of PPKM.
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