The Nikkei Philippines Manufacturing PMI fell to a 3-month low of 53.2 in December 2018 from 54.2 in November, as output, new orders and buying activity rose at softer pace. In addition, new export orders declined for the fourth consecutive month, though the pace of contraction was marginal. Meantime, employment expanded the most in four months mainly due to efforts to increase operating capacity. On the price front, input cost inflation eased noticeably to a 28-month low and output price inflation advanced at the weakest pace since July last year. Finally, business confidence remained elevated, still the future output index reached its lowest level since July, amid plans to increase operating capacity, and 2019 general elections. Manufacturing Pmi in Philippines is reported by Markit Economics.

Manufacturing Pmi in Philippines is expected to be 52.50 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 53.00 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 27.20 30.10 54.90 -32.60 Index Points [+]
Industrial Production 2.10 4.90 68.60 -26.60 percent [+]
Capacity Utilization 84.31 84.34 84.34 74.30 percent [+]
Changes in Inventories -1813.03 -2949.59 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 9301.00 9197.00 14182.00 993.00 [+]
Manufacturing Pmi 53.20 54.20 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 34.00 35.00 38.00 23.00 Points [+]
Corruption Rank 111.00 101.00 141.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.20 54.20 57.50 50.60 2016 - 2018 Monthly




Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


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