Live Updates > Live Update Details
2026-11-02 11:56:25
[Indonesia's October Manufacturing PMI Rises to 54.0, with Strong New Orders and Export Sales] (1) Indonesia's October manufacturing PMI data was surprisingly optimistic, despite domestic and international headwinds; at the beginning of the fourth quarter, the S&P Global PMI rose to 54.0, indicating the most significant improvement since March 2024. (2) This rise was driven by stronger demand for Indonesian goods, which companies attributed to more solid customer confidence and new product launches. Usamah Bhatti of S&P Global Market Intelligence said that new orders growth was one of the strongest on record, while export sales growth hit a record high for the series. (3) Despite rising raw material prices and unfavorable foreign exchange factors leading to a faster increase in input costs, companies remain confident about the outlook for the next year, expecting further easing of price and supply constraints.
