Philippine manufacturing activity expanded in July, marking the strongest growth in three months, with the purchasing managers’ index (PMI) rising to 50.9 from June’s 50.7, according to S&P Global.
Despite the overall improvement, growth in new orders and output remained modest and historically muted.
The sector’s output partly increased due to frontloading of orders from the US ahead of a scheduled tariff hike that was later delayed from August 1 to August 7.
Employment and purchasing activity also grew but at slower rates, reflecting cautious optimism among manufacturers.
Inflationary pressures stayed low, and future output expectations rose to a four-month high, signaling a more hopeful outlook for the sector.
Source: PhilNews24 | August 3, 2025
MANUFACTURING SECTOR GAINS MOMENTUM IN JULY
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