NHKSI Research projects JCI to move in the range of 6,800 – 7,200 this week, in line with optimism of economic recovery. Homecoming or mudik which is allowed again will boost public consumption, and domestic economy. This week, Statistics Indonesia (BPS) is scheduled to release inflation data for March 2022. Meanwhile, Markit will also announce Indonesia’s Manufacturing PMI which was recorded at 51.2 for February 2022.
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