Philippines Manufacturing PMI

The Nikkei Philippines Manufacturing PMI rose to 51.2 in May 2019 from a nine-month low of 50.9 in April. This marked the first time increase in the headline PMI since November 2018, despite remaining below its average seen through the first quarter of the year. Output grew the most since February, new order growth accelerated to a four month-high and new export orders expanded at the fastest rate in nearly a year. Also, buying levels rose solidly. Meanwhile, employment shrank at the steepest pace in 15 months, amid multiple resignations. Still, firms managed to clear backlogs quickly. Regarding prices, the rate of input price inflation edged down to the weakest in 39 months; and firms elevated selling charges at the fastest pace since January. Finally, sentiment improved for the second straight month following March's record low, driven by higher demand growth from home and overseas, as well as new store openings and product launches. Manufacturing Pmi in Philippines is reported by Markit Economics.

Manufacturing Pmi in Philippines is expected to be 52.70 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 53.40 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.

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Philippines Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	35.20	27.20	54.90	-32.60	Index Points	[+]
Industrial Production	-10.80	-5.40	68.60	-26.60	percent	[+]
Capacity Utilization	84.28	84.40	84.40	74.30	percent	[+]
Changes in Inventories	36468.45	1950.16	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	9053.00	7661.00	14182.00	993.00		[+]
Manufacturing Pmi	51.20	50.90	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		[+]

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 June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	51.20	50.90	57.50	50.60	2016 - 2019		Monthly

Country	Last		Previous	Range
Australia	52.70	May/19	54.8	62.5 : 29.47
Brazil	50.20	May/19	51.5	53.5 : 41.6
Canada	49.10	May/19	49.7	57.1 : 47.5
China	50.20	May/19	50.2	52.3 : 47.2
Euro Area	47.80	Jun/19	47.7	60.6 : 33.5
France	52.00	Jun/19	50.6	58.8 : 42.7
Germany	45.40	Jun/19	44.3	63.3 : 32
India	52.70	May/19	51.8	55 : 47.9
Indonesia	51.60	May/19	50.4	58.5 : 46.4
Italy	49.70	May/19	49.1	59 : 47.4
Japan	49.50	Jun/19	49.8	56.2 : 29.6
Mexico	50.00	May/19	50.1	57.1 : 49.2
Netherlands	52.20	May/19	52	63.4 : 48
Russia	49.80	May/19	51.8	54.7 : 47.6
Saudi Arabia	57.30	May/19	56.8	61.8 : 51.4
Singapore	49.90	May/19	50.3	53.1 : 48.3
South Africa	45.40	May/19	47.2	60.87 : 35.09
South Korea	48.40	May/19	50.2	52.6 : 45.7
Spain	50.10	May/19	51.8	56.1 : 41.1
Switzerland	48.60	May/19	48.5	66.9 : 32.8
Turkey	45.30	May/19	46.8	55.7 : 42.7
United Kingdom	49.40	May/19	53.1	61.5 : 34.4
United States	50.10	Jun/19	50.5	57.9 : 50.1