Indonesia Manufacturing PMI2012-2021 Data | 2022-2023 Forecast | Calendar

The IHS Markit Indonesia Manufacturing PMI fell to a three-month low of 50.9 in February 2021 from 52.2 a month earlier, amid disruption caused by the COVID-10 pandemic. Output grew the least in four months and new orders expanded at the softest rate in three months Meantime, export orders fell for the fifteenth month running, while employment shrank for the twelfth month in a row but at the slowest pace in the sequence. Backlogs of work, meanwhile, declined at the slowest pace in 12 months. Stocks of purchases neared stabilization as the rate of depletion in pre-production inventories softened for the tenth month in a row. On the cost front, input prices rose the most since October 2018, amid higher raw material cost, and difficulties sourcing inputs from abroad. Output price inflation hit its highest since November 2018. Suppliers' delivery times lengthened for the thirteenth straight month. Finally, sentiment remained strongly upbeat.

The IHS Markit Indonesia Manufacturing PMI rose to 52.2 in January 2021 from 51.3 a month earlier. This was the highest reading in 6-1/2 years and one of the greatest since the survey began in April 2011, as the recovery from the COVID-19 hit in the sector continued. Output growth hit its second-fastest in the survey's history, just behind November 2020's record; while new orders grew for the third month in a row and at the steepest rate since July 2014. Meantime, export sales fell for the 14th straight month. Also, employment continued to fall, although the decline was the softest in the current 11-month sequence of fall, with backlogs of work decreasing solidly again. Buying levels dipped following a stabilization in December. Suppliers' delivery times lengthened the most in eight months. On the price front, input cost inflation rose sharply, the highest since October 2018, while output prices went up for the third consecutive months. Finally, sentiment hit a four-year 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.

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.