• Philippine factories showed signs of further output improvement in April as purchasing managers’ optimism climbed to a five-month high, according to the latest report from market intelligence firm S&P Global.
  • S&P Global reported that the Philippine Purchasing Managers’ Index (PMI), a closely monitored gauge of manufacturing sector performance, rose to 52.2 in April from 50.9 in March.
  • The April posting was the highest PMI since the 52.7 recording in November of 2023.
  • The latest reading also continued to stay above the 50-mark that separates growth from contraction. It suggests that manufacturers are building their inventory in anticipation of greater market demand.