Philippines Manufacturing PMI rose the highest to 57.5 in September of 2016.

The IHS Markit/Nikkei Philippines Manufacturing PMI rose sharply to 57.5 in September of 2016 from 55.3 in August. It was the highest expansion on record as output and new orders grew the most in survey history. At the same time, buying activity went up at a faster pace while new export orders increased at a marginally slower rate from the previous month. Companies took additional workers in an attempt to enhance operating capacity. “It should be noted that while political uncertainty has had an impact on the depreciation of the peso in recent months, the adverse effects of higher import costs will be offset by cheaper exports, and with sound fundamentals the sector looks set to continue to grow in coming months,” said Alex Gill, at IHS Markit. Manufacturing Pmi in Philippines averaged 56.37 from 2016 until 2016, reaching an all time high of 57.50 in September of 2016 and a record low of 55.30 in August of 2016. Manufacturing Pmi in Philippines is reported by Markit Economics. 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.