Indonesia PMI April 2017


Indonesia: Manufacturing PMI climbs to seven-month high in April

May 2, 2017

The Manufacturing Purchasing Managers’ Index rose from 50.5 in March to 51.2 points in April, a seven-month high. The index thus climbed further above the 50-point threshold which indicates expansion in the manufacturing sector.

According to the release provided by Nikkei and IHS Markit, new orders accelerated in April and fueled a robust expansion in output. Nonetheless, staff levels still decreased but at a softer rate than in March. Meanwhile, input costs rose further in April, partially fueled by the weakness of the rupiah against the U.S. dollar. Manufacturers were able to transfer some of the higher cost burden to selling prices, which rose at the fastest rate since December 2015.

FocusEconomics Consensus Forecast panelists see manufacturing rising 4.6% in 2017, which is down 0.1 percentage points from last month’s estimate. For 2018, the panel expects manufacturing to increase 4.7%.

Author: Angela Bouzanis, Senior Economist

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Indonesia PMI Chart

Indonesia PMI April 2017

Note: Nikkei Indonesia Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 indicate a contraction.
Source: Nikkei and IHS Markit.

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