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.

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Indonesia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.20 50.80 58.50 27.50 2012 - 2020 points Monthly
SA


News Stream
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 Grows for First Time in 6 Months
The IHS Markit Indonesia Manufacturing PMI rose to 50.8 in August 2020 from 46.9 in the prior month. This was the first growth in the sector since February, as business operations continued to recover amid an easing of COVID-19 restrictions, with both output and new orders rising at the fastest rates in just over six years. Meantime, export sales fell markedly again, as global demand remained subdued. Also, firms continued to reduce purchasing activity and employment, amid efforts to control costs. The level of backlogs dropped further, signaling that spare capacity had persisted. On the price front, input cost inflation quickened due to higher prices for raw materials and an unfavorable exchange rate. Meantime, selling prices rose modestly. Finally, confidence strengthened to a 15-month high on hopes of the return to more normal market conditions.
2020-09-01
Indonesia Manufacturing Downturn Eases
The IHS Markit Indonesia Manufacturing PMI rose to 46.9 in July 2020 from 39.1 a month earlier. This was the fifth straight month of contraction in factory activity but at the weakest pace in the sequence, amid relaxed COVID-19 containment measures. Output dropped at a noticeably slower rate, while the downturn in new orders was marginal. At the same time, the rate of job cuts eased, amid rising spare capacity. Meanwhile, export sales fell substantially as global demand remained weak. Firms continued to cut back on their purchasing activity, preferring instead to tap into current inventories. Supply chains remained under pressure, with ongoing virus-related restrictions. On the price front, cost burdens rose sharply, with inflation driven by a weaker rupiah and rising prices for input materials. The increase in expenses was partially passed on to customers via higher selling prices. Finally, confidence remained elevated on hopes of the return to more normal market conditions.
2020-08-03
Indonesia Manufacturing Shrinks at Softer Pace
The IHS Markit Indonesia Manufacturing PMI rose to 39.1 in June 2020 from 28.6 a month earlier. This was the fourth straight month of contraction in factory activity but at a softer pace, as the COVID-19 containment measures were gradually eased. However, the latest reading was still the third-lowest since the survey started over nine years ago. The drops in both output and new orders were smaller than in May but still substantial. Firms also reduced employment and purchasing activity at marked rates. Supply chains remained under pressure, with longer delivery times reported for a fifth straight month. On the price front, input costs rose the most in over 1-1/2 years, amid greater raw material prices and a weaker exchange rate. Output charges were raised modestly, and at a far softer rate than the rise in costs. Lastly, business confidence jumped to the highest since January.
2020-07-01

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.