PMI Manufacturing Indonesia Highest in Southeast Asia in May 2021

Dwi Hadya Jayani 04/06/2021 14:30 WIB

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Indonesia's Manufacturing PMI reached 55.3 in May 2021. This figure was the highest among other Southeast Asian countries.

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

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PMI Manufacturing Indonesia Highest in Southeast Asia in May 2021

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

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Indonesia's Manufacturing Purchasing Managers' Index (PMI) reached 55.3 in May 2021, up 0.7 points from 54.6 the previous month. This is the highest manufacturing PMI among Southeast Asian countries.

Vietnam ranked second with a manufacturing PMI of 53.1. Singapore and Malaysia followed with manufacturing PMIs of 51.7 and 51.3, respectively.

The Philippines' manufacturing PMI was recorded at 49.9 last month. Thailand and Myanmar's manufacturing PMIs were 47.8 and 39.7, respectively.

A manufacturing PMI above 50 indicates expansion in the industrial sector. Indonesia's strong manufacturing PMI is expected to drive national economic recovery.

The Ministry of Industry explained that output and new orders were the main contributors to the record increase in May 2021. However, supplier delivery times have been extended for 16 consecutive months due to ongoing supply constraints amid adverse weather conditions, raw material shortages, and other shipping problems caused by Covid-19.

Editor : Dimas Jarot Bayu

"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."