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.

Philippines Manufacturing PMI
Forecast Data Chart
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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 7661.00 9214.00 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 [+]

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 June of 2019.

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

Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19