In other words, Indonesia’s manufacturing activity contracted in July as mild growth of overall new orders, a build-up in stocks of final goods and signs of spare capacity prompted the nation’s manufacturers to cut back on production volumes. This also led to staff numbers being cut at the quickest rate for 19 months. Factories also cut their purchasing activity as well as their input inventories. Meanwhile, input cost inflation was only modest while selling prices were broadly unchanged.

One very interesting piece of information in HIS Markit’s latest report on Indonesia is that – while overall demand conditions remained subdued in July 2019 as indicated by a slight increase in total new orders - new export sales rose at the fastest pace since October 2017.

Read the full article in the July 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

Poll Indonesia Investments:

What do you think will be the growth rate of the Indonesian economy in full-year 2019?

Voting possible:  -


  • 5.1% (or lower) (41.5%)
  • 5.3% (or higher) (30.8%)
  • 5.2% (20.2%)
  • No opinion (7.6%)

Total amount of votes: 1324