Indonesia Manufacturing Growth Hits 31-Month High

2026-11-02 00:34 By Farida Husna 1 min. read

Indonesia’s S&P Global Manufacturing PMI rose to 54.0 in October 2026 from 52.4 in the prior month, marking the highest print since March 2024.

New orders increased for a third month and at the fastest pace since October 2021, while export demand grew the most since data collection began in April 2011.

Output rose for a second month, recording its sharpest gain since March 2024.

Firms increased input purchases, driving a sharp accumulation of pre-production stocks.

However, employment growth stayed marginal, while backlogs rose moderately.

Delivery times shortened for the first time in over a year, reflecting improved transport and shipping conditions.

On prices, input cost inflation accelerated, driven by higher raw material and fuel prices, as well as unfavorable exchange rate movements.

Companies raised selling prices faster.

Finally, confidence remained positive and broadly unchanged, helped by hopes of sustained demand, business expansion and easing price and supply constraints.



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Indonesia Manufacturing Growth Hits 31-Month High
Indonesia’s S&P Global Manufacturing PMI rose to 54.0 in October 2026 from 52.4 in the prior month, marking the highest print since March 2024. New orders increased for a third month and at the fastest pace since October 2021, while export demand grew the most since data collection began in April 2011. Output rose for a second month, recording its sharpest gain since March 2024. Firms increased input purchases, driving a sharp accumulation of pre-production stocks. However, employment growth stayed marginal, while backlogs rose moderately. Delivery times shortened for the first time in over a year, reflecting improved transport and shipping conditions. On prices, input cost inflation accelerated, driven by higher raw material and fuel prices, as well as unfavorable exchange rate movements. Companies raised selling prices faster. Finally, confidence remained positive and broadly unchanged, helped by hopes of sustained demand, business expansion and easing price and supply constraints.
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