The IHS Markit Indonesia Manufacturing PMI was down to a three-month low of 53.5 in December 2021 from 53.9 a month earlier. Still, this was the fourth straight month of increase in factory activity following the easing of COVID-19 curbs in prior months. There was a further slowdown in the growth of demand, with new orders expanding the least in four months. At the same time, employment was stagnant, while backlogs of work increased marginally. Encouragingly, output growth accelerated to third-fastest on record, foreign demand rebounded strongly, and buying levels picked up. Meanwhile, supply chain pressure persisted as vendor performance deteriorated further. On the prices front, input cost inflation hit its highest in over eight years, due to higher costs across a range of raw materials and increased shipping fees; while output charges climbed more slowly. Lastly, sentiment strengthened, on hopes that economic conditions will improve as pandemic disruptions ease. source: Markit Economics

Manufacturing PMI in Indonesia averaged 49.61 points from 2012 until 2021, 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 January of 2022.

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. In the long-term, the Indonesia Manufacturing PMI is projected to trend around 51.00 points in 2023 and 51.50 points in 2024, according to our econometric models.

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Indonesia Manufacturing PMI


Indonesia Manufacturing PMI
The IHS Markit 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
53.50 53.90 57.20 27.50 2012 - 2021 points Monthly
SA

Related Last Previous Unit Reference
Manufacturing PMI 53.50 53.90 points Dec/21


News Stream
Indonesia Manufacturing Growth Remains Solid
The IHS Markit Indonesia Manufacturing PMI was down to a three-month low of 53.5 in December 2021 from 53.9 a month earlier. Still, this was the fourth straight month of increase in factory activity following the easing of COVID-19 curbs in prior months. There was a further slowdown in the growth of demand, with new orders expanding the least in four months. At the same time, employment was stagnant, while backlogs of work increased marginally. Encouragingly, output growth accelerated to third-fastest on record, foreign demand rebounded strongly, and buying levels picked up. Meanwhile, supply chain pressure persisted as vendor performance deteriorated further. On the prices front, input cost inflation hit its highest in over eight years, due to higher costs across a range of raw materials and increased shipping fees; while output charges climbed more slowly. Lastly, sentiment strengthened, on hopes that economic conditions will improve as pandemic disruptions ease.
2022-01-03
Indonesia Factory Growth Remains Solid
The IHS Markit Indonesia Manufacturing PMI was down to 53.9 in November 2021 from a record high of 57.2 a month earlier. Still, this was the third straight month of growth in factory activity, with demand and output growth sustaining at robust rates as disruptions from the COVID-19 Delta wave subsided. Consequently, buying activity rose sharply again, while firms reported tentative increases in both employment and inventories. However, foreign demand continued to fall, shrinking for the fifth month in a row. Meantime, lead times continued to worsen, amid reports of shipping and traffic congestion. Prices data indicated input cost inflation accelerating notably to an eight-year high, driven by higher raw material and transportation costs alongside supplier shortages. As a result, manufacturers continued to pass on higher cost burdens to customers by raising their prices charged. Finally, sentiment t slipped to an 18-month low, but remained positive.
2021-12-01
Indonesia Manufacturing Growth Hits Record High
The IHS Markit Indonesia Manufacturing PMI jumped to a fresh record peak of 57.2 in October 2021 from 52.2 a month earlier, boosted by an improvement in the domestic COVID-19 situation and further easing of restrictions. Both output and new orders rose at record paces; and employment increased for the first time in four months, albeit slightly. In addition, buying levels expanded further, with both the quantity and stocks of purchases increasing at record rates. However, foreign demand shrank once again, albeit marginally. Meantime, supply shortages and shipping issues led to longer average lead times again. Prices data showed input cost inflation rose at the sharpest rate in eight years, with many citing higher raw material costs; while output prices went up at a slower rate. Looking ahead, sentiment strengthened, rising to a level above the series average, on hopes that economic conditions will continue to improve as pandemic disruptions to the manufacturing sector ease.
2021-11-01