The IHS Markit Indonesia Manufacturing PMI rose to 28.6 in May 2020 from a record low of 27.5 in April. This was the second-lowest on record amid public health measures to contain the COVID-19 outbreak. Output continued to fall at a severe rate, accompanied by a further substantial drop in new orders, which was dragged down in part by a sharp drop in export sales. Rates of decline in these variables eased slightly, but were the second-fastest in the series history in all cases. Also, jobs were cut at an unprecedented rate, with backlog of works falling further. Buying levels fell more, with the rate of fall the second-fastest on record, contributing d to input inventories depleting sharply again. Meanwhile, delivery times lengthened the most since the survey started. Prices data showed input cost inflation was among the fastest in 1-1/2 years, amid raw material shortages and a weak rupiah. Meantime, prices charged rose the most in a year. Finally, sentiment dipped.
Manufacturing PMI in Indonesia averaged 49.58 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 June of 2020. source: Markit Economics
Manufacturing PMI in Indonesia is expected to be 45.20 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 52.00 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.