FX.co ★ Indonesian Manufacturing PMI Slips to 52.9 in April 2024

Indonesia's manufacturing sector faced a decline in April 2024, as the Nikkei Manufacturing Purchasing Managers' Index (PMI) dropped to 52.9 from 54.2 in March 2024. The latest data, updated on 02 May 2024, reveals a slowdown in the country's manufacturing activities. A PMI figure above 50 indicates expansion, while a reading below 50 suggests contraction. Despite the decrease, Indonesia's manufacturing sector continues to show resilience, albeit at a slightly slower pace compared to the previous month. Analysts will be monitoring the situation closely to assess the impact of this decline on the overall economic performance of the country.