The IHS Markit Indonesia Manufacturing PMI jumped to 52.2 in September 2021 from 43.7 a month earlier. The latest reading represented a return to expansion for the sector after two straight months of falls, on the back of an easing of COVID-19 restrictions across some regions of the country. Both output and new orders grew after two months of steep declines, amid a renewed increase in buying levels. Meantime, foreign demand remained weak due to shipping difficulties, while employment remained dampened by coronavirus disruptions. Backlogged work accumulated for the 7th straight month, however, and at a rapid pace. Price pressures persisted, with input cost inflation remaining rapid due to rising raw material costs while output price inflation hitting its highest in almost three years. Looking ahead, sentiment dipped slightly since August and was lower than the survey average. source: Markit Economics
Manufacturing PMI in Indonesia averaged 49.47 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 October of 2021.
Manufacturing PMI in Indonesia is expected to be 48.00 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 2022 and 51.50 points in 2023, according to our econometric models.