Indonesia PMI February 2017


Indonesia: Manufacturing PMI falls into contractionary territory in February

March 1, 2017

After a short-lived improvement in January, Indonesia’s manufacturing industry returned to contractionary territory in February. The Manufacturing Purchasing Managers’ Index fell from 50.4 in January to 49.3, below the 50-point threshold which indicates contraction in the manufacturing sector.

According to the release provided by Nikkei and IHS Markit, new orders, output and employment each fell in February, driving the decline in the sector. Meanwhile, price pressures rose on the back of higher commodity prices and a stronger U.S. dollar. Manufacturers’ confidence fell to a 21-month low in February over concerns for the external sector environment.

FocusEconomics Consensus Forecast panelists see manufacturing rising 4.3% in 2017, which is down 0.6 percentage points from last month’s estimate. For 2018, the panel expects manufacturing to increase 4.7%.

Author: Angela Bouzanis, Senior Economist

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Indonesia PMI Chart

Indonesia PMI February 2017

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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