At the beginning of March 2021, JCI’s movement will be influenced by domestic economic data such as the Consumer Price Index and Manufacturing PMI. Inflation rate in February 2021 is expected to still be low after the cuts to BI-7DRRR benchmark interest rate. Based on survey of economists, monthly inflation is predicted to be at 0.09% or down 0.26% compared to January. Investors are also hoping that Manufacturing PMI will remain in the expansion area, after being recorded at 52.2 last month.
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