The S&P Global Indonesia Manufacturing PMI was at 51.9 in April 2022, up from 51.3 in March. This was the 8th straight month of increase in factory activity and the steepest pace since January, lifted by an improvement in economic conditions following a fall in COVID-19 cases. Output grew the most in three months during the fasting month of Ramadan and ahead of Eid-ul Fitr celebration, and new orders picked up. Export sales also rose solidly, despite some firms reporting the impact of the war in Ukraine; employment growth hit a record high; and buying levels went up with some companies increasing their pre-production inventories for stock building.
Delivery times lengthened amid supplier shortages and transportation delays. On prices, both input cost and output price inflation accelerated as the rates of inflation were also among the fastest in the survey’s history, on higher costs of raw materials and fuel. Finally, sentiment softened to a level that was below the series average.