The latest figures from S&P Global reveal that the Philippines Manufacturing Purchasing Managers' Index (PMI) has inched up to 54.3 in December 2024, representing a slight increase from the previous month’s reading of 53.8. Released on January 2, 2025, these figures highlight a continued upward trajectory in the country's manufacturing sector, emphasizing an expansion in activity as the year came to a close.
A reading above 50 signifies growth and the consistent improvement over the period suggests that manufacturers in the Philippines are experiencing a robust phase amid the challenges faced globally. The increase in PMI is indicative of higher production volumes, growing new orders, and employment in the manufacturing industry, signaling resilience and potential for further expansion in the coming months.
This positive shift underscores the sector's capacity to drive economic recovery and growth in the Philippines, attracting interest from domestic and international investors keen to tap into the regional supply chain. As the momentum in manufacturing builds, stakeholders are eagerly watching for sustained performance to uplift the broader economic landscape.
The material has been provided by InstaForex Company - www.instaforex.com
A reading above 50 signifies growth and the consistent improvement over the period suggests that manufacturers in the Philippines are experiencing a robust phase amid the challenges faced globally. The increase in PMI is indicative of higher production volumes, growing new orders, and employment in the manufacturing industry, signaling resilience and potential for further expansion in the coming months.
This positive shift underscores the sector's capacity to drive economic recovery and growth in the Philippines, attracting interest from domestic and international investors keen to tap into the regional supply chain. As the momentum in manufacturing builds, stakeholders are eagerly watching for sustained performance to uplift the broader economic landscape.
The material has been provided by InstaForex Company - www.instaforex.com