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.