FX.co ★ Indonesia’s Manufacturing Momentum Builds as October S&P Global PMI Climbs to 54.0

Indonesia’s manufacturing sector gained further traction in October 2026, with the S&P Global Manufacturing Purchasing Managers’ Index (PMI) rising to 54.0, up from 52.4 in September 2026. The latest reading, updated on 2 November 2026, signals a stronger expansion in factory activity and keeps the index comfortably above the 50.0 threshold that separates growth from contraction.

The move from 52.4 to 54.0 suggests improving business conditions across Indonesia’s manufacturing industry, indicating increased output and potentially stronger new orders compared with the previous month. The October data point underscores a continuation of the sector’s expansionary trend, reinforcing signs of resilience in the country’s industrial base heading into the final quarter of 2026.