Manufacturing Industry in Expansionary Territory - Bank Sentral Republik Indonesia
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October 23, 2019

The Prompt Manufacturing Index (PMI) – BI remained above the 50-point threshold that separates expansion from contraction in the manufacturing industry, despite slowing to 52.04% in the third quarter of 2019 from 52.66% in the previous period. Nearly all subsectors maintained an expansive posture, with moderation nevertheless observed in terms of Food, Beverages and Tobacco as well as Textiles, Leather Goods and Footwear. On the other hand, the previous contraction affecting Wooden Goods and Other Forest Products persisted into the third quarter of 2019.

Moving forward, the respondents predicted business expansion to continue in the fourth quarter of 2019 despite a potential slowdown, as confirmed by a further drop in the PMI-BI to 51.90%. Respondents expected slower growth in various subsectors, including Textiles, Leather Goods and Footwear; Paper and Print; Pulp, Chemicals and Rubber Articles; Cement; as well as Non-Metallic Minerals.

Comprehensive survey results are posted under the Prompt Manufacturing Index on the official Bank Indonesia website.

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