Indonesia’s PMI April 2025

According to the latest data from S&P Global Market Intelligence, the Indonesia’s Purchasing Managers' Index (PMI) reached 46.7 in April 2025, below the 50-point threshold that separates growth from contraction.

The slowdown is primarily driven by weakening global demand, the impact of new US import tariffs, and slowing domestic consumption. Protectionist trade measures from the US , a key export market for Indonesia, have dampened demand for Indonesian manufactured goods.

At the same time, manufacturers are navigating rising input costs and adjusting to evolving demand patterns, which is leading some firms to streamline production and operate with leaner inventories.

On the domestic front, a gradual increase in job reductions has affected household purchasing power, influencing consumption levels.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2024.