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. source: Markit Economics
Manufacturing PMI in Indonesia averaged 49.49 points from 2012 until 2021, 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 March 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.