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...
Philippine factory growth contracted for the first time since August 2023—also the steepest decline in nearly four years—due to the worsening health of domestic manufacturing since the start of the year. “Following 18 successive months of growth, the Filipino manufacturing sector slipped back...
After a six-month low in factory output expansion, S&P Global projected that the upcoming local elections will boost manufacturing activity, leading to stronger growth this year than in 2024. Data from the latest S&P Global’s Purchasing Managers’ Index (PMI), released on Feb 2.,...
Philippine manufacturing activity surged to a two-and-a-half-year high in December last year, bolstered by strong holiday demand and lower borrowing costs. The headline S&P Global Philippines manufacturing purchasing managers' index (PMI) rose to 54.3 in December, marking the 16th consecutive...
The country’s manufacturing sector continued its robust expansion in September, posting the strongest growth in two years despite headwinds such as weakening international demand and supply chain disruptions. According to S&P Global, this growth was mainly driven by a significant increase in...
Manufacturing activity in the country remained stable in August, as sluggish international sales hindered growth in output and new orders, according to S&P Global's report on Monday, Sept. 2. The latest S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI), which measures...
Local factory activity further slowed down in June amid a softer uptick in factory orders and a second consecutive drop in employment, S&P Global reported. The Philippines’ S&P Global Manufacturing Purchasing Managers' Index (PMI)—a comprehensive gauge of the industry’s...
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...
