Indonesia PMI November 2018

Indonesia

Indonesia: Manufacturing PMI declines marginally in November

December 3, 2018

Conditions in Indonesia’s manufacturing sector improved at a slower pace in November, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 50.5 in October to 50.4 in November—the third consecutive monthly decline. However, the reading was still above the 50-point threshold that seperates expansion from contraction in the manufacturing sector.

In November, production rose mildly, new orders were largely flat, and export orders continued to decline. Moreover, employment growth ebbed. Input price inflation was elevated on exchange-rate weakness and supply shortages, despite dipping from October’s multi-year high, while businesses were optimistic about output over the coming year.

According to Bernard Aw, Principal Economist at IHS Markit, “Indonesia’s manufacturing sector lost further momentum in the middle of the fourth quarter, according to the latest Nikkei PMI survey, setting the scene for its weakest quarterly performance this year.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 6.1% in 2019 and 6.4% in 2020.


Author:, Economist

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Indonesia PMI November 2018

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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