Indonesia Manufacturing PMI Plunges to Near 4-Year Low
The S&P Global Indonesia Manufacturing PMI tumbled to 46.7 in April 2025 from 52.4 in March, marking the first drop in factory activity for six months and the steepest fall since August 2021. Output fell the most in near four years, and new orders shrank after four months of growth. Foreign demand also weakened, with exports shrinking for the second time in three months. Employment fell for the first time in five months as backlogs of work declined modestly, and purchasing activity was scaled back after consistent gains. On a positive note, easing pressure on capacity led to improved supplier delivery times—the first improvement since November. Input cost inflation remained elevated, partly due to a stronger US dollar raising import prices, but it was the softest since October 2020. Firms continued to raise output charges for the seventh month in a row, marking the fastest rate this year. Meanwhile, business confidence slipped to a three-month low, falling below the long-term average
Source: trading economi
