Amid rainy weather, higher tariffs, and an import ban, the Philippine manufacturing sector slipped back into contraction in September as its purchasing managers’ index (PMI) fell to 49.9, the lowest in six months and only the third decline in more than four years. S&P Global Market Intelligence...
Despite a muted overall performance, Philippine factory growth observed in June has been sustained through July, with manufacturing firms growing more optimistic about consumer demand for their products. According to the latest data from debt watcher S&P Global released on Friday, Aug. 1, a growth...
As manufacturers experience only mild producer price inflation, central banks in emerging markets (EMs), including the Philippines, are expected to cut interest rates some more in the near term. “Encouragingly, the price components of the PMIs [purchasing managers’ indices] fell again in June....
Following the pickup in manufacturing in April, Philippine factory growth in May slowed to an almost stagnant pace as production declined due to waning demand for new orders from foreign markets and the sharpest drop in employment in the sector in nearly a year. Data from S&P Global revealed that...
Philip Morris Philippines Manufacturing, Inc. (PMPM) and Japan Tobacco International (JTI) lauded the Bureau of Customs (BOC) after the agency seized ₱83.7 million worth of smuggled cigarettes in Bulacan. Last April 24, the Customs Intelligence and Investigation Service-Manila International...
Containers of Zyn, a smokeless nicotine pouch, are displayed for sale among other nicotine and tobacco products at a newsstand on Feb. 23, 2024, in New York. (AP Photo/Bebeto Matthews, File) WASHINGTON (AP) — Federal health officials on Thursday backed the public health benefits of...
Factory activity showed strong gains at the beginning of the year as firms raised their production levels and sharply bumped-up their buying activity due to strong and accelerated upturn in new orders, the latest survey from S&P Global revealed. The Philippines’ S&P Global manufacturing...
Local factory activity ended on a positive note last year as both production and new orders expanded for the fourth consecutive month in December along with the marginal upturn in employment, the latest survey from S&P Global revealed. The Philippines’ S&P Global manufacturing purchasing...
Filipino manufacturers registered a sustained improvement in operating conditions across the sector in November due to strong demand despite higher consumer prices, the latest survey from S&P Global revealed. On Thursday, Dec. 1, S&P Global said the Philippines manufacturing purchasing...
Local manufacturing firms reported a further improvement in operating conditions in October, but the growth moved at a much pace due to heightened inflationary pressures as well as costlier factory gate charges. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 52.6...
Local manufacturing activity improved in September this year due to increased customer demand that boosted production levels and factory orders. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) rose 52.9 last month from 51.2 in August. “The seasonally adjusted...
Local manufacturing firms registered growth for the seventh month running in August, improving from the six-month low seen in the previous month as output stabilized and a softer contraction in new orders was reported. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI)...
