Foreign direct investment (FDI) in Indonesia, excluding the financial and oil & gas sectors, experienced a 6.95% decline year-on-year, amounting to IDR 202.2 trillion ($12.3 billion) in the second quarter of 2025. This marks a significant reversal from a 12.7% increase observed in the previous quarter and represents the first downturn in FDI since the third quarter of 2021.