Indonesia PMI November 2022

Indonesia

Indonesia: Manufacturing PMI falls in November

December 1, 2022

The Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, fell to 50.3 in November from 51.8 in the month prior. However, the PMI remained above the 50 threshold that separates improving from deteriorating conditions in the manufacturing sector compared to the previous month.



November’s result was driven by slower increases in new orders and output. Moreover, softer demand led to a smaller increase in headcount. On the price front, inflationary pressures continued to ease, with input price inflation easing to a 23-–--month low, while output price inflation also moderateds. Lastly, optimism for the coming 12 months fell to the lowest level since June due to concerns over the global economic backdrop ahead.

FocusEconomics Consensus Forecast panelists see fixed investment growing 5.1% in 2023, which is down 0.4 percentage points from last month’s forecast. For 2024, the panel expects fixed investment to increase 5.6%.


Author: Massimo Bassetti, Senior Economist

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Indonesia PMI November 2022

Note: Malaysia Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an overall increase compared to the previous month while readings below 50 an overall decrease.
Source: S&P Global.


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