PMI Manufacturing in Indonesia: Highest in ASEAN

Dwi Hadya Jayani 02/11/2021 14:40 WIB

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Indonesia's Manufacturing Purchasing Managers' Index (PMI) registered 57.2 in October 2021. This is the highest index recorded since the survey began.

ASEAN Manufacturing Purchasing Managers' Index (PMI) (October 2021)

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PMI Manufacturing in Indonesia: Highest in ASEAN

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ASEAN Manufacturing Purchasing Managers' Index (PMI) (October 2021)

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Indonesia's Manufacturing Purchasing Managers' Index (PMI) reached 57.2 in October 2021, the highest since the survey began and the highest among ASEAN countries.

Almost all ASEAN manufacturing PMIs showed expansion. Singapore recorded the second-highest index at 54.5, followed by Malaysia at 52.2—the first time Malaysia's PMI has been above 50 since May 2021.

Other countries experiencing manufacturing expansion include Vietnam (52.1), the Philippines (51), and Thailand (50.9). Only Myanmar showed contraction, with an index of 43.3.

Generally, the ASEAN manufacturing sector rebounded in line with the easing of community activities. This easing spurred expansion in factory production and new orders.

IHS Markit explained that factory production rose for the first time since May 2021, and order volumes increased for the first time in five months.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."