September 2, 2025 | 12:00am
MANILA, Philippines — Manufacturing exercise within the nation grew at a barely slower tempo in August from the earlier month as output and new orders remained subdued.
S&P International mentioned in an announcement yesterday that the Philippines’ manufacturing buying managers’ index (PMI) studying was at 50.8 in August, down barely from 50.9 in July.
The PMI, which tracks the efficiency of the manufacturing sector, is generated from a survey of round 400 producers. It takes into consideration new orders, output, employment, suppliers’ supply occasions and shares of purchases.
A studying above 50 signifies a rise from the earlier month, whereas beneath 50 denotes a decline.
“The most recent PMI knowledge for the Philippines manufacturing sector as soon as once more indicated a subdued efficiency, with progress charges for output and new orders remaining beneath their historic averages,” S&P International Market Intelligence economist Maryam Baluch mentioned.
Progress was pushed by new buyer acquisitions and demand from international clients.
As manufacturing necessities went up, manufacturing firms elevated their enter purchases at a quicker tempo.
Baluch mentioned job creation within the sector, nevertheless, got here to a halt in August, ending two consecutive months of will increase.
When it comes to costs, inflationary pressures remained muted.
Many manufacturing companies additionally opted to stay aggressive, resulting in slower will increase in promoting costs.
“Subdued price pressures, coupled with producers’ efforts to manage their pricing in a bid to stay aggressive, may present the increase companies must regain gross sales momentum,” Baluch mentioned.
For the following 12 months, Philippine producers are hopeful that demand circumstances will enhance and assist manufacturing.
“Whereas general sentiment within the year-ahead outlook remained optimistic and even strengthened in comparison with the earlier month, confidence fell wanting the long-run common,” Baluch mentioned.
