Indonesia's Manufacturing Index Ranked Strong Among G20 in October 2022

Economics & Macro

Lite

Viva Budy Kusnandar 15/11/2022 16:20 WIB

URL has been copied

Memuat...

Only a few G20 countries had an expansive manufacturing PMI index in October 2022.

G20 Manufacturing PMI Index (October 2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesia's Manufacturing Index Ranked Strong Among G20 in October 2022

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

G20 Manufacturing PMI Index (October 2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Based on data from *Trading Economics*, only nine G20 member countries maintained a strong manufacturing sector in October 2022. This is reflected in a Manufacturing Purchasing Manager’s Index (PMI) above 50, indicating stable or expansive conditions in the manufacturing industry.

The G20 countries with a strong manufacturing PMI in October 2022 were Saudi Arabia (57.2), India (55.3), Indonesia (51.8), Brazil (50.8), Japan (50.7), Russia (50.7), the United States (50.5), Mexico (50.3), and South Africa (50).

Indonesia's manufacturing PMI in October 2022 decreased compared to the previous month, due to lower new demand from export markets as a result of the global economic slowdown. However, continued domestic demand kept Indonesia's PMI in expansionary territory, even considered high among the G20.

The manufacturing PMI of the other ten G20 members was below 50, indicating contraction.

Germany had the lowest manufacturing PMI among the G20, at 45.1 in October 2022, followed by the UK (46.2) and the European Union (46.4).

Germany's manufacturing PMI reached its lowest level since the beginning of the pandemic. Its manufacturing industry experienced a sharp contraction due to high inflation, triggered by rising energy costs and declining demand.

The UK's manufacturing PMI also reached its lowest level in 29 months. This was influenced by four consecutive months of declining contracts, weakening export demand, and disrupted supply chains.

Editor : Adi Ahdiat

"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."