Indonesia Manufacturing PMI2012-2020 Data | 2021-2022 Forecast | Calendar

The IHS Markit Indonesia Manufacturing PMI rose to 28.6 in May 2020 from a record low of 27.5 in April. This was the second-lowest reading on record amid public health measures to contain the COVID-19 outbreak. Output continued to fall at a severe rate, accompanied by a further substantial drop in new orders, which was dragged down in part by a sharp drop in export sales. Rates of decline in these variables eased slightly, but were the second-fastest in the series history in all cases. Also, jobs were cut at an unprecedented rate, with backlog of works falling further. Buying levels fell more, with the rate of fall the second-fastest on record, contributing d to input inventories depleting sharply again. Meanwhile, delivery times lengthened the most since the survey started. Prices data showed input cost inflation was among the fastest in 1-1/2 years, amid raw material shortages and a weak rupiah. Meantime, prices charged rose the most in a year. Finally, sentiment dipped.

The IHS Markit Indonesia Manufacturing PMI plunged to 27.5 in April 2020 from 45.3 in March, pointing to the steepest contraction on record, as measures to contain the coronavirus pandemic led to factory closures and slumping demand. Output, new orders and employment all fell the most since the survey began in April 2011, with export sales dropping severely. Also, input buying sank to the greatest extent in the survey's history, which contributed to a record fall in input inventories. Survey data showed the most severe lengthening of delivery times since the series began due to a combination of supplier factory shutdowns and transportation restrictions. On the price front, input costs rose solidly as a result of the weaker rupiah and supply shortages. At the same time, greater cost burdens pushed firms to raise prices charged for the first time in eight months, though only fractionally. Looking ahead, sentiment continued to track below the long-term average.

The IHS Markit Indonesia Manufacturing PMI plunged to 45.3 in March 2020 from 51.9 in February. This was the steepest contraction on record, as measures to contain the coronavirus outbreak hit the sector. Both output and new orders shrank at record rates, export sales were near collapse and firms cut back sharply on purchasing activity and input inventories. Also, employment fell at the quickest rate for 4-1/2 years; while backlogs of work fell the most since the end of 2017. Supply chains came under greater pressure, with vendor performance deteriorating the most in the series history. Prices data showed input cost inflation eased, while prices charged dropped for the seventh month running and at the fastest rate on record. Finally, sentiment remained positive, though the index sank to the second-lowest on record, linked to concerns over the duration of current COVID-19 measures.

The IHS Markit Indonesia Manufacturing PMI rose to 51.9 in February 2020 from 49.3 in the prior month. The latest reading marked the first growth in factory activity since June last year, as new orders grew the most in over 5-1/2 years, mainly led by domestic demand; while exports continued to fall. Also, output expanded for the third month, rising at the steepest pace since May 2019; and employment grew for the first time in eight months. However, vendor performance deteriorated the most in nearly three years, mainly affected by heavy rain and the coronavirus outbreak. Regarding prices, input price inflation picked up to a nine-month high, amid shortages at mainland Chinese suppliers and local distributors, plus higher raw material prices such as food products, paper and basic metals. Still, output charges fell, amid greater competition and customer requests for discounts. Finally, sentiment remained strongly positive.