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. source: Markit Economics
Manufacturing PMI in Philippines averaged 51.81 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 July 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.