The IHS Markit Indonesia Manufacturing PMI rose to a fresh record high of 55.3 in May 2021 from 54.6 in April. This was the third straight month the index registering a new survey-record peak, amid an improvement in the local COVID-19 situation and an acceleration in demand during the Idul Fitri holidays. New orders, output, and buying levels all rose at rates unprecedented in the ten-year survey history. Also, employment returned to growth after falling in the prior 14 months, and outstanding work eased despite the backlogs rising for the third month in a row. Suppliers' delivery times lengthened for the 17th month running as supply constraints were sustained amid poor weather, shortages of raw materials, and shipping issues. On the cost front, input prices inflation remained elevated, though the pace of increase softened marginally for the second straight month; while selling prices went up for the seventh consecutive month. Looking ahead, sentiment remained upbeat. source: Markit Economics
Manufacturing PMI in Indonesia averaged 49.55 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 June of 2021.
Manufacturing PMI in Indonesia is expected to be 55.00 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.