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Today's Headlines Manufacturing Industry

  • Manufacturing Activity Update: Indonesia Experiences Deteriorating Conditions

    Manufacturing Activity Update: Indonesia Experiences Deteriorating Conditions

    It was not the greatest start of the 3rd quarter for Indonesian manufacturers. In fact, in July 2019, Indonesian manufacturing conditions deteriorated for the first time since January 2019. The IHS Markit Indonesia Manufacturing Purchasing Managers’ Index (PMI) fell from a reading of 50.6 in June 2019 to 49.6 in July 2019, below the 50.0 point threshold that separates expansion from contraction.

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  • Indonesia’s Manufacturing Activity Jumps in March

    Indonesia’s Manufacturing Activity Jumps in March

    Activity in Indonesia’s manufacturing sector grew in March 2019 on the back of solid domestic demand. The Nikkei Indonesia Manufacturing Purchasing Managers’ Index (PMI) accelerated to a reading of 51.2 in March, from 50.1 in the preceding month (a reading above 50.0 indicates expansion in the manufacturing sector, while a reading below 50.0 indicates contraction). It also meant that Indonesia managed to outperform its regional peers as the average PMI in the ASEAN counties stood at 50.3 in March. Overall, survey data show a marginal expansion in Indonesia’s manufacturing economy during the first quarter of 2019.

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  • Indonesia’s Manufacturing Sector Starts Off the Year on a Weak Note

    Indonesia’s Manufacturing Sector Starts Off the Year on a Weak Note

    Manufacturing activity in Indonesia contracted in January 2019. It was the first time since exactly a year ago that Indonesia’s manufacturing activity contracted. The headline seasonally adjusted Nikkei Indonesia Manufacturing Purchasing Managers’ Index (or PMI) fell from 51.2 in December 2018 to 49.9 in the first month of 2019, representing largely unchanged conditions in the sector.

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  • Manufacturing Activity Indonesia Expands at Slower Rate in June

    Manufacturing Activity Indonesia Expands at Slower Rate in June 2018

    Indonesia's manufacturing activity continued to expand in June 2018 albeit at a lower level compared to the preceding month. The Nikkei Indonesia Manufacturing Purchasing Managers' Index (PMI) declined from a reading of 51.7 in May to 50.3 in June (slightly above the 50.0 level that separates expansion from contraction in the manufacturing sector). Slower rises in both output and new orders were key reasons that explain the month-on-month decline.

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  • Indonesia's Manufactured Products Not Enough Varied & Innovative

    Indonesia's Manufactured Products Not Enough Varied & Innovative

    Indonesia's manufacturing sector has seen its contribution to overall Indonesian macroeconomic growth sliding over the past two decades. The cause is the lack of new and innovative products in this sector. This is the conclusion of Ricardo Hausmann, Director of the Center for International Development and a Professor of the Practice of Economic Development at the John F. Kennedy School of Government at Harvard University.

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  • Manufacturing Industry Indonesia: Gov't Optimistic to See Growth

    Manufacturing Industry Indonesia: Gov't Optimistic to See Growth

    Over the past decades, Indonesia's manufacturing industry has developed from a significant growth engine (for the whole economy) into a less significant one. Prior to the Asian Financial Crisis in 1997-1998, non-oil & gas manufacturing accounted for 30 percent of Indonesia's gross domestic product (GDP). Today, however, the figure is around 18 percent. If we add the oil & gas industry, then the figure rises only slightly to 19.9 percent.

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  • Indonesia's Manufacturing Activity Growth Slows in September

    Indonesia's Manufacturing Activity Growth Slows in September

    Indonesia's manufacturing activity continued to expand in September 2017, albeit at a slower pace compared to the preceding month. Based on the new Nikkei survey, released on Monday (02/10), Indonesia's manufacturing purchasing managers' index (PMI) was recorded at 50.4 points, down from 50.7 in August (a reading of 50.0 separates contraction from expansion in the country's manufacturing activity).

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Latest Columns Manufacturing Industry

  • Virtue Dragon Nickel Industry Invests in Nickel Smelter in Indonesia

    Chinese ferronickel producer Virtue Dragon Nickel Industry plans to invest USD $5 billion for the establishment of a nickel smelter, power plant and a port. Andrew Zhu, President Director at Virtue Dragon Nickel Industry said that these facilities will be built on a 500-hectares estate in Konawe (Southeast Sulawesi). Zhu said that the nickel smelter development involves three phases. In the first phase, which should be finished by the end of 2015, the smelter will have an annual ferronickel production capacity of 600,000 tons.

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  • Depreciating Rupiah Impacts on Indonesian Manufacturing Industry

    Depreciating Rupiah Impacts on Indonesian Manufacturing Industry

    Although the Indonesian rupiah exchange rate appreciated 0.86 percent to IDR 11,995 per US dollar on Friday (27/06) as economic data from China, South Korea and Taiwan sparked optimism that regional growth has picked up, the recent depreciating trend of Indonesia’s currency burdens the country’s manufacturing industry. This industry is still dependent on imports of raw materials, capital goods and auxiliary materials, which are paid using US dollars causing the domestic industry to feel the financial impact of a weaker rupiah.

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