The S&P Global Indonesia Manufacturing PMI increased to 53.3 in July 2023 from 52.5 in the previous month. This was the 23rd straight month of growth in factory activity, with the latest print being the fastest recorded since last September, as output grew at the fastest rate in ten months, boosted by stronger inflows of new orders over the month, with export sales returning to growth. Employment increased for the sixth straight month. The pace of workforce expansion was mild, however, especially when compared to the rate at which firms increased their buying activity. Meanwhile, vendor performance improved, though the rate at which lead times shortened was only slight. On the cost side, input price inflation accelerated due to higher raw material costs, resulting in a renewed upturn in selling prices. Finally, sentiment remained positive. That said, the level of confidence was below the series average for the ninth month running, despite better demand conditions in July. source: Markit Economics

Manufacturing PMI in Indonesia averaged 49.91 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 August of 2023.

Manufacturing PMI in Indonesia is expected to be 50.50 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 2024 and 50.00 points in 2025, according to our econometric models.

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Indonesia Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 53.30 52.50 points Jul 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
53.30 52.50 57.20 27.50 2012 - 2023 points Monthly
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News Stream
Indonesia Manufacturing Growth Hits 10-Month High
The S&P Global Indonesia Manufacturing PMI increased to 53.3 in July 2023 from 52.5 in the previous month. This was the 23rd straight month of growth in factory activity, with the latest print being the fastest recorded since last September, as output grew at the fastest rate in ten months, boosted by stronger inflows of new orders over the month, with export sales returning to growth. Employment increased for the sixth straight month. The pace of workforce expansion was mild, however, especially when compared to the rate at which firms increased their buying activity. Meanwhile, vendor performance improved, though the rate at which lead times shortened was only slight. On the cost side, input price inflation accelerated due to higher raw material costs, resulting in a renewed upturn in selling prices. Finally, sentiment remained positive. That said, the level of confidence was below the series average for the ninth month running, despite better demand conditions in July.
2023-08-01
Indonesia Manufacturing Growth Accelerates
The S&P Global Indonesia Manufacturing PMI rose to 52.5 in June 2023 from May's 6-month low of 50.3. This was the 22nd straight month of growth in factory activity, with the latest print among the fastest in 2-1/2 years, as new orders expanded after falling slightly in May while output gained solidly and employment rose the most in nine months. Also, buying levels moved in tandem with the growth in new work, which led to increased inventories of inputs. Meantime, foreign demand continued to fall, while backlogs of work climb as manufacturers struggled to fulfill orders in a timely manner. Lead times lengthened after four successive months of improvement, albeit only marginally. On the cost side, input price inflation eased to the lowest since October 2020, with selling prices down for first time in 32 months as some firms offered discounts to drive sales. Finally, sentiment edged up to its highest since April, on hopes of further improvements in business conditions and orders.
2023-07-03
Indonesia Manufacturing Sector Growth at 6-Month Low
The S&P Global Indonesia Manufacturing PMI declined to 50.3 in May 2023 from April’s six-month high of 52.7. The latest result indicated the 21st straight month of expansion but the weakest pace since last November, as output grew softer amid a renewed contraction in new orders. Purchasing activity growth also softened as demand fell. Meanwhile, employment increased, lifted by higher production. However, the job of creation remained marginal. On the pricing front, input cost inflation eased to the slowest rate since November 2020, due to weaker raw material price hikes. As a result, output cost inflation accelerated slightly and at a pace well below the series average. Finally, business confidence deteriorated as concerns over the outlook partly offset hopes for better sales in the coming months.
2023-06-05