The IHS Markit Indonesia Manufacturing PMI fell to 47.2 in September 2020 from 50.8 a month earlier due to the re-imposition of large-scale social restrictions (PSBB) in Jakarta in mid-September amid rising COVID-19 infections. Output and new orders both shrank solidly, while firms stepped up their efforts to scale back on capacity and overheads, with employment and purchasing activity falling further. Meantime, average lead times lengthened for the eighth month running, amid renewed virus restrictions. On the prices front, inflationary pressures eased. Input costs rose the least since March, while output charges increased marginally, as some firms provided price discounts to stimulate sales. Looking ahead, sentiment remained elevated on hopes that the pandemic will be brought under control.
Manufacturing PMI in Indonesia averaged 49.43 points from 2012 until 2020, reaching an all time high of 58.50 points in August of 2013 and a record low of 27.50 points in April of 2020. This page provides the latest reported value for - Indonesia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Markit Economics
Manufacturing PMI in Indonesia is expected to be 47.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Indonesia to stand at 55.00 in 12 months time. In the long-term, the Indonesia Manufacturing PMI is projected to trend around 51.00 points in 2021 and 51.50 points in 2022, according to our econometric models.