The IHS Markit Indonesia Manufacturing Purchasing Managers’ Index (or PMI) fell from a reading of 49.6 in July 2019 to 49.0 in August (further below the 50 point threshold that separates expansion from contraction) as Indonesian manufacturing companies cut output in response to lower demand.

The chart below shows that we are now seeing a negative trend. Over the past four months manufacturing activity in Indonesia has fallen markedly.

Indonesia’s Manufacturing PMI:

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