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.