Indonesia PMI

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Indonesia: Manufacturing PMI reaches record high in May

June 2, 2014

The manufacturing Purchasing Managers’ Index (PMI) increased from 51.1 points in April to 52.4 points in May according to a released provided by HSBC. The new PMI reading represents the highest result in the history of the series. The index has been above the 50-point threshold that indicates expansion in the manufacturing sector for the past nine months.

May’s figure reflected that the new orders category, including both foreign and domestic orders, rose to a record high and also led to a notably high level of production. Moreover, stocks of purchased goods increased at the fastest pace in a year and a half. These improvements are indicative of strengthening demand conditions in the economy. Meanwhile, the employment category registered a modest decline.

FocusEconomics Consensus Forecast panelists see investment rising 5.4% in 2014, which is unchanged from the previous month’s estimate. For 2015, the panel expects industrial production to increase 6.9%.


Author:, Economist

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Indonesia PMI May 2014 0

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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