Indonesia PMI

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Indonesia: Manufacturing PMI edges up to new record high

July 1, 2014

The manufacturing Purchasing Managers’ Index (PMI) edged up from 52.4 points in May to 52.7 points in June according to a release provided by HSBC. This is the highest result that has been recorded since the series began in April 2011. The index has been above the 50-point threshold that indicates expansion in the manufacturing sector for the past nine months.

June’s figure reflects that higher domestic orders caused the overall new orders category to hold steady at May’s record high, which also led companies to scale up their levels of production. Moreover, inventory stocks accumulated at the second-strongest pace on record. Meanwhile, the employment category returned to growth in June. These improvements are indicative of strengthening demand conditions in the economy.

FocusEconomics Consensus Forecast panelists see industrial production rising 5.9% in 2014, which is down 0.2 percentage points from the previous month’s estimate. For 2015, the panel expects industrial production to increase 6.0%.


Author:, Economist

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Indonesia PMI June 2014

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


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