Mandiri Survey Highlights Challenges Facing Indonesian SMEs in 2025

Economic Performance Overview

The Mandiri Business Survey 2025, involving 1,211 respondents across various regions in Indonesia, revealed significant challenges faced by small and medium enterprises (SMEs). The survey showed that 51% of SMEs experienced stagnant or declining revenue in 2025, with 36% reporting stagnant conditions and 15% facing deterioration ¹

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Revenue Trends

While there was some positive movement, with 48% of respondents reporting revenue improvements compared to 34% in the previous year, the overall net revenue growth remained negative at 9% ²

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Source 3

https://nasional.kontan.co.id/news/survei-mandiri-2025-omzet-ukm-tertekan-sektor-ini-paling-terdampak

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Economic Analysis

M Rizal Taufikurahman, Head of Macroeconomic and Finance at Indef, attributed the stagnant SME revenue to weakening real domestic demand, particularly from middle to lower-income households. He noted that persistent living cost inflation had eroded purchasing power, while real income growth remained limited. Additionally, the fiscal space for stimulus in 2025 was narrower compared to 2024, which constrained consumption support for SMEs ²

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Regional Distribution

The survey covered various regions across Indonesia, with 54% of respondents from Java, 21% from Sumatra, 10% from Sulawesi, and 9% from Kalimantan. This broad regional coverage provides a comprehensive view of SME performance across the country ¹

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