The Nikkei Philippines Manufacturing PMI fell to a 4-month low of 52.3 in January 2019 from 53.2 in December, as output expanded solidly but at the softest clip in four months. New order growth remained sharp, but export demand fell for the fifth month. Meantime, employment dropped for the first time in six months. According to panellists, this was mainly due to a number of resignations. Nevertheless, firms reduced backlogs at a sharp rate. On the price front, input price inflation edged up slightly from the softened rate in December. Key factors included the TRAIN tax laws introduced a year ago, as well as higher raw material prices, while currency depreciation increased import costs. Also, January saw a solid increase in manufacturers’ selling prices, but this still represented a historically soft rate of inflation. Finally, confidence about output in 12 months’ time dipped fractionally to the second-lowest in the survey history. 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 -9.30 2.40 68.60 -26.60 percent [+]
Capacity Utilization 84.27 84.31 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 9301.00 9197.00 14182.00 993.00 [+]
Manufacturing Pmi 52.30 53.20 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.30 53.20 57.50 50.60 2016 - 2019 Monthly

Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 50.30 Jan/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19