Indonésia PMI Industrial

The S&P Global Indonesia Manufacturing PMI stood at 49.2 in October 2024, holding steady for the second straight month while marking the fourth month of decline in factory activity. Output and new orders fell slightly, extending the current period of drop in each case to four months amid subdued market conditions. Meantime, geopolitical uncertainty led to an eighth monthly fall in foreign sales. Employment shrank for the third time in the past four months. Backlogs of work fell for a fifth month, with the fall the fastest since January 2021. Buying levels continued to fall, down for the fourth month. Vendor performance improved for the first time since May. On prices, input cost rose the least since August 2023, but its inflation rate remained marked. This caused some firms to raise their charges, albeit only marginally and at a below-average pace. Finally, confidence was down noticeably since September, falling to a four-month low and further below its historical trend level.