The S&P Global Philippines Manufacturing PMI was up to 51.2 in August 2022 from July's 6-month low of 50.8. The latest print also marked the 12th straight month of expansion in factory activity, amid further evidence that economic activity recovered in the wake of COVID disruptions. Output stabilized after falling for the first time in six months in July, and employment rose the most since June 2017 amid a softer drop in new orders and the first fall in input buying since January. Meantime, lead times lengthened to the greatest extent in five months, due to shipment delays and port congestion. Turning to inflation, firms reported a rapid increase in input prices that were among the sharpest on record, albeit softer than that seen in July; while output prices rose the most in five months while extending its sequence of selling price inflation that began in May 2020. Lastly, confidence posted second-lowest in seven months and was subdued in the context of the series history. source: Markit Economics
Manufacturing PMI in Philippines averaged 51.79 points from 2016 until 2022, reaching an all time high of 57.50 points in September of 2016 and a record low of 31.60 points in April of 2020. This page provides - Philippines Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Manufacturing PMI in Philippines is expected to be 52.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Manufacturing PMI is projected to trend around 53.00 points in 2023, according to our econometric models.