The IHS Markit Indonesia Manufacturing PMI fell to 53.5 in June 2021 from a record peak of 55.3 in May, amid a renewed rise in local COVID-19 cases. An expansion of output was recorded for an eighth straight month but growth moderated from the record rate in May. This was in line with a softer increase in new orders, while growth in export work eased to a three-month low. At the same time, buying levels eased, despite a stronger depletion of raw materials and semi-finished items. Meanwhile, supplier performance deteriorated at the fastest rate since January. Employment was relatively stable amid a continued rise in backlogged works. Prices data showed both input and output price inflation quickened, amid rising raw material prices and efforts by many firms to pass these costs on to their clients. Looking ahead, sentiment remained upbeat, though the degree of optimism eased marginally, on concerns over the second wave of coronavirus and subsequent disruption across the sector. source: Markit Economics
Manufacturing PMI in Indonesia averaged 49.59 points from 2012 until 2021, reaching an all time high of 55.30 points in May 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 July of 2021.
Manufacturing PMI in Indonesia is expected to be 53.00 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 52.00 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.