Indonesia manufacturing sector continued to expand in March, albeit at a slower pace on softening growth in output and orders, survey data from S&P Global showed on Wednesday. The headline manufacturing Purchasing Managers' Index slid to 52.4 in March from 53.6 in February. The index posted above the neutral 50.0 mark for the fourth consecutive month.
"March's survey data indicated another positive month for the health of the Indonesian manufacturing economy," S&P Global Market Intelligence Economist Usamah Bhatti said.
Data showed that growth in output and new orders sustained in March, although the respective rates of increase eased slightly from February. At the same time, foreign demand returned to expansion territory for the third time in four months.
Purchasing activity also remained in positive territory. Expectations of growth for the year ahead were little changed from February. Regarding prices, the survey showed that input prices grew strongly but the pace was below the series average. Output charges were raised only marginally.
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April 04, 2025 10:36 ET President Donald Trump’s ‘Liberation Day’ reciprocal tariffs dominated the news flow this week and raised worries about a full-blown trade war in future. Several survey data were also released that threw light on the manufacturing and services sectors. In Europe, inflation data for March underpinned hopes for more interest rate cuts from the European Central Bank. Survey data on the Chinese factory sector and the interest rate decision in Australia were among the main news in Asia this week.