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.