Indonesia PMI September 2021

Indonesia

Indonesia: Manufacturing PMI returns to growth in September

October 1, 2021

The IHS Markit Manufacturing Purchasing Managers' Index (PMI) jumped to 52.2 in September, from August's 43.7. Consequently, the index moved above the 50-threshold, signaling an improvement in business conditions from the previous month.

September’s reading was underpinned by expansions in output, new orders and purchasing activity. Meanwhile, supply disruptions persisted, leading to a further lengthening in delivery times. On the price front, input cost inflation remained elevated amid increased raw material costs, which translated into the fastest increase in output prices in close to three years.

Commenting on the release, Jingyi Pan, economics associate director at IHS Markit, stated:

“The effects of the improving Covid-19 situation and slight easing of restrictions were well captured by the data. That said, […] it will be important to see if better demand conditions translate to improved business confidence as the sector begins to recover.”

FocusEconomics Consensus Forecast panelists expect manufacturing output to rise 3.2% in 2021, which is down 0.4 percentage points from last month’s forecast. In 2022, manufacturing is seen growing 5.2%, which is unchanged from last month’s estimate.


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Indonesia PMI September 2021 0

Note: Indonesia Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an overall increase compared to the previous month, and below 50 an overall decrease.
Source: IHS Markit.


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