Indonesia Manufacturing PMI Rises to 54.0 in October
S&P Global’s headline PMI rose to 54.0, its strongest improvement since March 2024, with stronger demand for Indonesian goods driving the uptick.
Indonesia manufacturing PMI data for October looks surprisingly upbeat despite headwinds at home and abroad. The headline S&P Global PMI rose to 54.0 at the start of 4Q, signalling the most pronounced improvement since March 2024. The uptick was driven by stronger demand for Indonesian goods that c…