The S&P Global Indonesia Manufacturing PMI fell to 50.2 in June 2022 from 50.8 in the prior month. While pointing to the 10th straight month of growth in factory activity, the latest print marked the lowest reading since August 2021, amid inflationary pressures and the recent increase in VAT. New orders grew the least in ten months, while foreign sales fell at the steepest pace since September 2021. Also, a reduction in employment levels was recorded after five successive months of growth, with levels of outstanding work down marginally. Meantime, output returned to an expansion, while buying activity rose for the 10th month running and was at the steepest rate since January. Vendor performance was unchanged as reports of supply chain issues persisted. As a result, raw materials remained scarce and rose further in price, driving up both input and output prices as firms passed on higher supplier fees to their customers. Lastly, confidence hit its lowest in four months. source: Markit Economics
Manufacturing PMI in Indonesia averaged 49.71 points from 2012 until 2022, 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 July of 2022.
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 2023 and 51.50 points in 2024, according to our econometric models.