Indonesia skyline

Indonesia PMI February 2021

Indonesia: Manufacturing PMI dips in February

The manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit dropped to 50.9 in February from 52.2 in January, which had marked the strongest reading since mid-2014. Nonetheless, the index remained slightly above the 50-threshold, signifying improving operating conditions.

February’s decline came on the back of softer increases in both output and new orders. That said, the drop in employment was the softest in one year, while business confidence remained high amid hopes of an end to the pandemic. On the price front, input cost inflation picked up to the fastest pace since October 2018, due to raw material shortages, leading to the quickest rise in output prices since November 2018.

Andrew Harker, economics director at IHS Markit, stated:

“Recent elevated COVID-19 case numbers show that the pandemic continues to disrupt operations. That said, the manufacturing sector remained relatively resilient in February, merely seeing a slowdown in growth rather than any outright contraction in output and new orders.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest