The IHS Markit Indonesia Manufacturing PMI rose to a fresh record high of 54.6 in April 2021 from 53.2 in March. This was the sixth straight month of growth in factory activity, as output, new orders, and purchasing all grew at rates that were unprecedented in the ten-year survey history, while new export orders returned to growth following a 16-month period of decline. Meantime, employment was broadly unchanged, with backlogs of work accumulating for the second month running. Meanwhile, suppliers' delivery times were broadly unchanged, in a sign that recent supply-chain disruption has begun to ease. On the price front, input cost inflation remained above the series average, despite softening slightly from March. Selling prices went up for the sixth straight month, with the rate of inflation slowing for the second month running to the weakest since January. Finally, sentiment was upbeat on hopes that the COVID-19 pandemic will come to an end over the coming year. source: Markit Economics
Manufacturing PMI in Indonesia averaged 49.50 points from 2012 until 2021, reaching an all time high of 54.60 points in April 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 May 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.