The manufacturing sector in the Philippines had a Purchasing Managers Index (PMI) of 52.4 in April 2024, reflecting growth from the previous month. The country’s manufacturing sector recorded the highest growth in April and May 2022.
The Purchasing Managers’ Index, or PMI, is an economic indicator in the manufacturing sector published by S&P Global. It measures the change in economic activity within the industry each month using a survey of supply chain managers. It considers new orders, employment output, and supplier delivery time. A score above 50 signals growth or expansion compared to the previous month. Meanwhile, a score of below 50 represents a contraction, and a reading of 50 represents an equal balance. As of February 2022, India had the highest PMI among developing Asian countries, followed by Vietnam and Taiwan.
Purchasing managers index (PMI) of the manufacturing sector in the Philippines from January 2021 to April 2024
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FX Empire. (April 30, 2024). Purchasing managers index (PMI) of the manufacturing sector in the Philippines from January 2021 to April 2024 [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1250980/philippines-pmi-of-manufacturing-sector/
FX Empire. "Purchasing managers index (PMI) of the manufacturing sector in the Philippines from January 2021 to April 2024." Chart. April 30, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1250980/philippines-pmi-of-manufacturing-sector/
FX Empire. (2024). Purchasing managers index (PMI) of the manufacturing sector in the Philippines from January 2021 to April 2024. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1250980/philippines-pmi-of-manufacturing-sector/
FX Empire. "Purchasing Managers Index (Pmi) of The Manufacturing Sector in The Philippines from January 2021 to April 2024." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1250980/philippines-pmi-of-manufacturing-sector/
FX Empire, Purchasing managers index (PMI) of the manufacturing sector in the Philippines from January 2021 to April 2024 Statista, https://www.statista.com/statistics/1250980/philippines-pmi-of-manufacturing-sector/ (last visited December 04, 2024)
Purchasing managers index (PMI) of the manufacturing sector in the Philippines from January 2021 to April 2024 [Graph], FX Empire, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1250980/philippines-pmi-of-manufacturing-sector/