The S&P Global Indonesia Manufacturing PMI increased to a three-month high of 51.3 in January 2023 from December’s five-month low of 50.3, pointing to the 17th consecutive period of growth due to higher output and new orders. However, domestic demand was the primary driver of increased sales, while new export orders declined for an eighth successive month, and to a marked degree. At the same time, purchasing activity rose for the 17th consecutive month. Employment was unchanged, with backlogs of work gaining for the third time. On the pricing side, input cost inflation eased to the lowest level over two years, while output cost inflation hit a 20-month bottom. Finally, sentiment improved and encouraged firms to expand their inventory levels, suggesting better near-term performance. source: Markit Economics

Manufacturing PMI in Indonesia averaged 49.81 points from 2012 until 2023, reaching an all time high of 57.20 points in October of 2021 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 February of 2023.

Manufacturing PMI in Indonesia is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Indonesia Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 51.30 50.90 points Jan 2023

Indonesia Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
51.30 50.90 57.20 27.50 2012 - 2023 points Monthly
SA

News Stream
Indonesia Manufacturing Grows the Most in 3 Months
The S&P Global Indonesia Manufacturing PMI increased to a three-month high of 51.3 in January 2023 from December’s five-month low of 50.3, pointing to the 17th consecutive period of growth due to higher output and new orders. However, domestic demand was the primary driver of increased sales, while new export orders declined for an eighth successive month, and to a marked degree. At the same time, purchasing activity rose for the 17th consecutive month. Employment was unchanged, with backlogs of work gaining for the third time. On the pricing side, input cost inflation eased to the lowest level over two years, while output cost inflation hit a 20-month bottom. Finally, sentiment improved and encouraged firms to expand their inventory levels, suggesting better near-term performance.
2023-02-01
Indonesia Manufacturing Growth Picks Up
The S&P Global Indonesia Manufacturing PMI was up to 50.9 in December 2022 from a five month-low of 50.3 in November, pointing to the 16th straight month of growth. Both output and new orders expanded at stronger rates, amid upturns in purchasing activity and employment. Foreign demand continued to shrink, however, indicating a deterioration in global economic conditions. Meantime, backlogged work accumulated at a marginally faster rate than in November. Supply constraints persisted, as lead times lengthened again due to poor weather. On the pricing side, input cost inflation fell below the series average despite remaining marked, with high raw material, fuel, and currency conversion costs underpinning the latest rise in expenses. Meanwhile, selling price inflation hit a 19-month low, which may be supportive of future increases in demand. Finally, sentiment stayed positive but the level of optimism dipped to the lowest since May 2020, reflecting concerns over external conditions.
2023-01-02
Indonesia Manufacturing PMI Falls to 5-Month Low
The S&P Global Indonesia Manufacturing PMI was down to 50.3 in November of 2022 from 51.8 in October. This was the 15th straight month of growth in factory activity but the softest pace since June, amid concerns over the global economic outlook. Both output and new orders grew at slower rates, while foreign demand shrank the most in 15 months as some countries faced rising COVID cases. Meantime, buying activity increased the least since August 2021, which led to lower stocks of purchase. Also, employment rose marginally, with firms in the manufacturing sector rising their workforce capacity; while backlogged work started to build again. Delivery time lengthened on the back of unfavorable weather conditions and supply issues. On the price front, input cost inflation hit its lowest since December 2020, but output prices continued to rise, on high cost of raw materials and fuel. Finally, sentiment dipped to the lowest since June, reflecting uncertainty from the external environment.
2022-12-01