FX.co ★ Indonesia’s Manufacturing Momentum Cools as S&P Global PMI Slips to 50.1 in March

Indonesia’s manufacturing expansion slowed sharply in March 2026, with the S&P Global Manufacturing Purchasing Managers’ Index (PMI) easing to 50.1 from 53.8 in February 2026.

The latest reading, updated on 01 April 2026, indicates that the sector is now hovering just above the 50.0 threshold that separates expansion from contraction. While the PMI still signals growth, the pronounced decline from February suggests a marked loss of momentum in Indonesia’s factory activity over the month.

The shift from a robust 53.8 to a marginally expansionary 50.1 underscores more cautious conditions in the manufacturing sector as the first quarter draws to a close, potentially prompting closer scrutiny from investors and policymakers watching the resilience of Indonesia’s industrial recovery.