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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Philippines Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 51.20 50.80 points Aug 2022

Philippines Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
51.20 50.80 57.50 31.60 2016 - 2022 points Monthly

News Stream
Philippines Manufacturing Growth Accelerates
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.
2022-09-01
Philippines Factory Growth Eases
The S&P Global Philippines Manufacturing PMI was down to 50.8 in July 2022 from 53.8 in June. With the exception of January’s stagnation, the latest print was the weakest in 11 months, amid fresh contractions in both output and new orders. Additionally, client demand from foreign markets weakened further, as global uncertainties and the ongoing impact of the pandemic continued to weigh on export demand. Meantime, buying levels were muted, rising only fractionally. Encouragingly, employment grew for the third month running while backlogs of work continued to fall. July data also highlighted a further deterioration in vendor performance, as firms noted that lead times lengthened the most in four months, due to logistical challenges, shipment delays, and port congestion. On inflation, input cost rose the most in three months, and output prices went up at the third-sharpest rate on record. Looking ahead, sentiment was at a 7-month high, on hopes of greater customer demand.
2022-08-01
Philippines Manufacturing Growth Stays Solid
The S&P Global Philippines Manufacturing PMI was down to 53.8 in June 2022 from 54.1 in May. Despite a loss in growth momentum for the second month running, operating conditions have improved for five straight months on the back of improving economic conditions as the impacts of COVID-19 continued to diminish. Both output and new orders expanded at quicker rates, continuing the current respective sequences of expansion to five months. Meantime, export sales fell again, as has been seen in each month since March; while buying levels moderated. Employment grew for the second month running, with the rate of job creation easing from May. On the price front, input cost inflation eased for the third month running, but remained sharp overall due to higher energy and raw material prices; while output prices went up at a softer rate. Looking ahead, confidence slipped to its lowest since April 2020, on concerns over rising fuel prices and surging inflation.
2022-07-01