National Economic Recovery Program Update
GLOBAL MANUFACTURE ACTIVITIES HAVE CONTRACTED TO THE LOWEST LEVEL IN 30 MONTHS
Indonesia PMI Manufacture continues to expand amid contractions in major economies such as US, Europe, China, and Japan
PMI MANUFAKTUR AS OF DECEMBER 2022
G20 & ASEAN-6 PMI
Manufacture
Global
ASEAN-5
Major Economies
65
65
65
IND
57.8
SAU
56.9
Agt
India 57.8
PHIL
53.1
50.3
55
Dec
55
RUS
53.0
Philippines 53.1
Indonesia 50.9
55
48.6
THA
52.5
Thailand 52.5
Vietnam 46.4
MEX
51.3
45
45
45
Malaysia 47.8
45
55
IDN
50.9
Russia 53.0
Japan 48,9
US 46.2
CHina49.0
S Korea 48.2
Europe 47.8
AUS
| 50.2
CAN
49.2
35
35
35
FRA
49.2
CHN
49.0
JPN
48.9
25
25
ITA
48.5
Dec-20
Aug-21 Apr-22
Dec-22
Dec-20
Jun-21 Dec-21 Jun-22
KOR
48.2
TUR
48.1
EUR
47.8
MYS
47.8
GER
47.1
VIE
46.4
USA
46.2
GBR
45.3
BRA
44.2
=
50 expansionary threshold
G20 and
ASEAN-6 PMI
Manufacture
performance
distribution in
December 2022
(minus ZAF, ARG,
Expand - Accelerate
(PMI above the 50 threshold or in an
expansionary level & higher than
previous month)
22.7%
Indonesia, Mexico,
Thailand, Filipina, India
25
Dec-20
Jun-21
Dec-21
Jun-22
Expand - Slowing
(PMI above the 50 threshold or in an
expansionary level but lower than previous
month)
13.6%
Australia, Russia, Saudi
Arabia
Dec-22
Contracted
(PMI below the 50
threshold or in a
contractionary level)
63.6%
US, Europe, UK, Germany,
Italia, France, S Korea,
Japan, China, Brazil,
Malaysia, Vietnam, Turkey,
etc.
Dec-22
Source: Bloomberg, IHS MarkitView entire presentation