The IHS Markit Philippines Manufacturing PMI edged down to 51.9 in August 2019 from a six-month high of 52.1 in the previous month. Output growth eased toa four-month low, and new orders expanded at the softest rate in 13 months, with some firms being impacted by monsoons as well as a drop in demand from foreign clients. Meanwhile, employment increased the most since November 2017, while firms continued to lower backlogs. On the price front, input prices rose less, but the rate of inflation was weak compared to the 44-month series history; while, selling prices increased modestly. Finally, sentiment remained positive overall, although the level of optimism was the second-weakest since the series began. Manufacturing Pmi in Philippines is reported by Markit Economics.

Manufacturing Pmi in Philippines is expected to be 53.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Philippines to stand at 52.50 in 12 months time. In the long-term, the Philippines Manufacturing PMI is projected to trend around 54.40 in 2020, according to our econometric models.

Philippines Manufacturing PMI
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Philippines Business Last Previous Highest Lowest Unit
Business Confidence 37.30 40.50 54.90 -32.60 Index Points [+]
Industrial Production -7.30 -10.20 68.60 -26.60 percent [+]
Capacity Utilization 84.28 84.25 84.44 74.30 percent [+]
Changes in Inventories -27208.58 36468.45 92123.96 -83619.51 PHP Million [+]
Internet Speed 5450.74 4527.48 5450.74 795.57 KBps [+]
IP Addresses 1536948.00 1536732.00 1536948.00 477194.00 IP [+]
Total Vehicle Sales 8781.00 9397.00 14182.00 993.00 [+]
Manufacturing Pmi 51.90 52.10 57.50 50.60 [+]
Competitiveness Index 62.13 59.80 62.13 3.90 Points [+]
Competitiveness Rank 56.00 68.00 87.00 47.00 [+]
Ease of Doing Business 124.00 113.00 144.00 97.00 [+]
Corruption Index 36.00 34.00 38.00 23.00 Points [+]
Corruption Rank 99.00 111.00 141.00 36.00 [+]


Philippines Manufacturing PMI

The Nikkei Philippines Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Philippines Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.90 52.10 57.50 50.60 2016 - 2019 Monthly




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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