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View all search resultsIndonesian manufacturers are increasingly cautious in their outlook as business confidence has fallen to a record low amid concerns over United States import tariffs. The waning sentiment risks holding back investment.
The company poured Rp 500 billion (US$30.7 million) in investment for a facility that will produce various models of Mercedes-Benz Axor trucks and specially designed Mercedes-Benz bus chassis tailored for the Indonesian market.
According to the latest S&P Global report, Indonesia’s manufacturing purchasing managers’ index (PMI) remained in contraction territory at 47.4 in May, albeit slightly improved from 46.7 in the previous month.
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