Indonesian Stock Market to Watch Domestic Economic Data Releases

Key Economic Indicators Coming This Week

The Indonesian Composite Index (IHSG) is expected to be significantly influenced by domestic economic data releases scheduled for this week. Bank Indonesia (BI) is set to announce several crucial economic indicators that could impact market sentiment.

Consumer Confidence Shows Positive Trend

On Monday (10/11), BI recorded the Consumer Confidence Index (IKK) surging to 121.2 in October 2025, up from 115 in the previous month. This significant increase in consumer confidence is expected to provide a positive boost to sectors directly related to domestic consumption.

Retail Sales Data to be Released

The following day, BI will release the Retail Sales Index (IPR) for September 2025. This data point is crucial as it reflects the actual consumption patterns in the Indonesian economy.

Analyst Insights on Market Movement

Reza Diofanda from BRI Danareksa Sekuritas noted that the rise in IKK provides a positive sentiment for consumption-related sectors such as retail, consumer goods, banking, and property. The strengthened consumer confidence suggests that Indonesia's economic fundamentals remain robust heading into the end of 2025.

Market Outlook for Q4 2025

"Overall, heading into the final quarter of 2025, I believe the market will continue to be supported by the resilient domestic economic narrative, with opportunities for sector rotation into consumption and retail banking stocks. As long as global sentiment remains stable, there's still room for IHSG to strengthen, although limited," Reza explained.

Sectoral Impact

The positive consumer confidence data is particularly beneficial for sectors that are directly linked to domestic consumption. Companies in the retail, consumer goods, and banking sectors are likely to see positive impacts. This data release could potentially drive investor interest towards these sectors, potentially leading to a rotation of funds into related stocks.