Purchasing Managers Index (PMI), composite in the Philippines, November, 2020
For that indicator, we provide data for the Philippines from January 2011 to November 2020. The average value for the Philippines during that period was 55.93 index points with a minimum of 27.11 index points in March 2020 and a maximum of 62.23 index points in June 2011.
Click on the following link to see the values of Purchasing Managers Index (PMI), composite
around the world.
* indicates monthly or quarterly data series
Measure: index points
Source: Central Bank of the Philippines
Definition: The composite Purchasing Managers’ Index (PMI) is an indicator of economic health for manufacturing and service sectors. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing or service sector is based on questionnaire responses from panels of senior purchasing executives (or similar) at over 400 companies.
The composite PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.