Indonesia PMI December 2016


Indonesia: Manufacturing PMI falls in December

January 3, 2017

Indonesia’s manufacturing industry remained on a weak footing at the end of Q4. The manufacturing Purchasing Managers’ Index fell from 49.7 in November to 49.0 in December, according to a release provided by Nikkei and IHS Markit. The index lies below the 50-threshold, which indicates a contraction in the manufacturing sector.

December’s subdued reading came on the back of weak demand conditions as orders from abroad dropped sharply. In addition, employment fell at the sharpest rate since August and output contracted at the steepest pace since July. Meanwhile, a strong USD and higher prices for raw materials pushed up price pressures in December.

FocusEconomics Consensus Forecast panelists see manufacturing rising 5.0% in 2017, which is down 0.1 percentage points from the previous month’s estimate. For 2018, the panel expects manufacturing to increase 4.9%.

Author: Angela Bouzanis, Senior Economist

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Indonesia PMI Chart

Indonesia PMI December 2016

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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