The Nikkei Philippines Manufacturing PMI fell to a six-month low of 51.9 in February 2019 from 52.3 in January. New order growth slowed to seven-month low, while there were increases in both output and employment. At the same time, export sales expanded for the first time since August last year and buying activity grew at a faster rate than January's record low. On the price front, input price inflation eased slightly, sustaining the relatively soft rate of increase seen in recent months. Meantime, output charges rose solidly, though the rate of inflation was slightly weaker than in January, continuing the trend of softer price rises compared to most of 2018. Finally, sentiment edged up to the highest in six months. Manufacturing Pmi in Philippines is reported by Markit Economics.

Manufacturing Pmi in Philippines is expected to be 52.30 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 53.60 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
Forecast Data Chart
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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 -0.70 -11.70 68.60 -26.60 percent [+]
Capacity Utilization 84.25 84.27 84.34 74.30 percent [+]
Changes in Inventories -6995.67 -1813.03 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 8487.00 9301.00 14182.00 993.00 [+]
Manufacturing Pmi 51.90 52.30 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.90 52.30 57.50 50.60 2016 - 2019 Monthly

Country Last Previous
Australia 54.00 Feb/19
Brazil 53.40 Feb/19
Canada 52.60 Feb/19
China 49.90 Feb/19
Euro Area 49.30 Feb/19
France 51.50 Feb/19
Germany 47.60 Feb/19
India 54.30 Feb/19
Indonesia 50.10 Feb/19
Italy 47.70 Feb/19
Japan 48.90 Mar/19
Mexico 52.60 Feb/19
Netherlands 52.70 Feb/19
Russia 50.10 Feb/19
Saudi Arabia 56.60 Feb/19
Singapore 50.40 Feb/19
South Africa 46.20 Feb/19
South Korea 47.20 Feb/19
Spain 49.90 Feb/19
Switzerland 55.40 Feb/19
Turkey 46.40 Feb/19
United Kingdom 52.00 Feb/19
United States 53.00 Feb/19