The IHS Markit Indonesia Manufacturing Purchasing Managers’ Index (or PMI) was at the level of 48.2 in November 2019 (remaining well below the 50.0 level that separates contraction from expansion in the manufacturing sector) amid declines in output and new orders. The only positive news was that Indonesia’s headline PMI improved from 47.7 in the preceding month. However, it is way too early to speak of a rebound.

Indonesia's Manufacturing PMI:

Read the article in the November 2019 edition of our monthly report. You can purchase this report by sending an email to or a WhatsApp message to the following number: +62(0)8788.410.6944