Within Indonesia it is still being debated whether consumers' purchasing power has really weakened in the third quarter. Some argue consumers are currently focused on saving their money rather than spending it (this explains rising third-party funds in Indonesia's banking system). Others argue that Indonesia's household consumption data are distorted because this year's Ramadan and Idul Fitri celebrations fell in the second quarter of the year (whereas in 2016 these celebrations fell in Q3).

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The central bank of Indonesia (Bank Indonesia) said it will revise its outlook for Indonesia's economic growth in full-year 2017 after the Q3-2017 GDP growth figure - released at the start of the week - was well below expectations. Previously, Bank Indonesia set its economic growth target for Indonesia in 2017 in the range of 5.0 - 5.4 percent year-on-year (y/y).

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The Constitutional Court of Indonesia (in Indonesian: Mahkamah Konstitusi), whose tasks involve the reviewing of constitutionality under the Indonesian Constitution, issued a recommendation that can be regarded a landmark ruling in Indonesia where - so far - the state only recognizes six official religions.

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On Monday (06/11) Indonesia's Statistics Agency (BPS) is scheduled to release Indonesia's third quarter GDP data, important information that is closely followed by investors and analysts. While most analysts expect to see accelerated economic growth in the third quarter, others remain skeptical as Indonesia's gross domestic product was disappointing in the first two quarters of the year amid bleak domestic consumption.

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