The IHS Markit Indonesia Manufacturing PMI rose to 51.3 in December 2020 from 50.6 a month earlier, signaling the fastest pace of expansion in the sector since February as disruption from the COVID-19 pandemic eased. New order growth quickened, leading to another solid expansion in output that was the second-fastest in the survey's near ten-year history. New export orders, however, fell sharply amid subdued global demand. Meanwhile, employment continued to fall and backlogs of work were depleted at a solid pace. Suppliers' delivery times lengthened to the greatest extent in seven months due to COVID-19 restrictions and particular difficulties importing items. On the price front, input cost inflation quickened to the steepest since November 2018, and output charges rose the most in 19 months as firms passed on higher input costs to customers. Looking ahead, manufacturers remained confident that output will increase over the coming year. source: Markit Economics

Manufacturing PMI in Indonesia averaged 49.45 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 January of 2021.

Manufacturing PMI in Indonesia is expected to be 52.00 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 51.00 in 12 months time. In the long-term, the Indonesia Manufacturing PMI is projected to trend around 51.00 points in 2022 and 51.50 points in 2023, according to our econometric models.

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Indonesia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.30 50.60 58.50 27.50 2012 - 2020 points Monthly
SA


News Stream
Indonesia Manufacturing Growth at 10-Month High
The IHS Markit Indonesia Manufacturing PMI rose to 51.3 in December 2020 from 50.6 a month earlier, signaling the fastest pace of expansion in the sector since February as disruption from the COVID-19 pandemic eased. New order growth quickened, leading to another solid expansion in output that was the second-fastest in the survey's near ten-year history. New export orders, however, fell sharply amid subdued global demand. Meanwhile, employment continued to fall and backlogs of work were depleted at a solid pace. Suppliers' delivery times lengthened to the greatest extent in seven months due to COVID-19 restrictions and particular difficulties importing items. On the price front, input cost inflation quickened to the steepest since November 2018, and output charges rose the most in 19 months as firms passed on higher input costs to customers. Looking ahead, manufacturers remained confident that output will increase over the coming year.
2021-01-04
Indonesia Manufacturing Sector Grows for First Time in 3 Months
The IHS Markit Indonesia Manufacturing PMI rose to 50.6 in November 2020 from 47.8 a month earlier. This was the first growth in factory activity since August following the loosening of large-scale social restrictions in Jakarta in mid-October. Firms ramped up production, with output increasing at the fastest rate since the survey began over 9-1/2 years ago, and new orders rose for the first time in three months. Meantime, employment shrank for a ninth straight month as forced redundancies continued to be reported by respondents. Input buying fell the least in the current nine-month period of decline. Delivery times lengthened for a tenth month in a row, with the rate of increase accelerating to the fastest since May. On the price front, input cost inflation intensified, posting the highest in three months. The increase in output prices, however, was mild and far below the rise in input costs. Finally, business sentiment remained positive.
2020-12-01
Indonesia Manufacturing Output Shrinks at Softer Pace
The IHS Markit Indonesia Manufacturing PMI rose to 47.8 in October 2020 from 47.2 a month earlier, as the large-scale social restrictions in Jakarta were loosened in mid-October, with both output and new orders falling at softer rates. Meantime, external demand continued to weaken substantially; while employment shrank for the eighth month running, with the pace of job shedding accelerating as redundancies were widely reported among firms. Purchasing activity and inventories were similarly cut back in response to falling sales. Prices data pointed to a greater squeeze on margins, as input prices rose further while output charges fell for the first time in seven months. Finally, business sentiment strengthened to 1-1/2-year high on hopes that market conditions will return to normal.
2020-11-02
Indonesia Factory Activity Shrinks Again
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.
2020-10-01

Indonesia Manufacturing PMI
The IHS Markit Indonesia Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.