Philippines: Purchasing Managers Index (PMI), composite

* indicates monthly or quarterly data series
 Philippines

Purchasing Managers Index (PMI), composite

 Latest value 51
 Reference October 2023
 Measure index points
 Data availability January 2017 - October 2023
 Average 51.79
 Min - Max 27.11 - 60.1
 Source Central Bank of the Philippines
For that indicator, we provide data for the Philippines from January 2017 to October 2023. The average value for the Philippines during that period was 51.79 index points with a minimum of 27.11 index points in March 2020 and a maximum of 60.1 index points in March 2022. Click on the following link to see the values of Purchasing Managers Index (PMI), composite around the world.
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* indicates monthly or quarterly data series


Recent values chart
Philippines - Purchasing Managers Index (PMI), composite - recent values

Historical chart
Philippines - Purchasing Managers Index (PMI), composite - historical chart - 2017-2023
Measure: index points
Source: Central Bank of the Philippines


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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.

 Related indicators Latest value Reference Measure
 Industrial production 9.64 9/2023 percent
 House price index 257.69 Q3/2023 index point
 Real residential property prices Y-on-Y change 7.11 Q3/2023 percent
 Business confidence survey 44.80 Q3/2023 points
 Consumer confidence survey 5.70 Q3/2023 points
 Purchasing Managers Index (PMI), composite 52.30 9/2023 index points
 Purchasing Managers Index (PMI), manufacturing 50.60 9/2023 index points
 Purchasing Managers Index (PMI), services 53.20 9/2023 index points
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