03.11.202502:19:02UTC+00Philippines Manufacturing Sector Stabilizes

The S&P Global Philippines Manufacturing PMI showed a slight increase to 50.1 in October 2025, up from 49.9 in September, indicating largely stable operating conditions. Although output continued to fall, it did so at a slower rate in the face of a significant drop in new orders. Notably, new export orders decreased for the first time since May and at the highest rate in a year. This downturn in total new orders prompted a fresh reduction in purchasing activities, breaking a 22-month streak of growth. Supplier delivery times worsened, recording the most severe delays in three months. Meanwhile, input price inflation eased to its lowest in three months, and for the first time in 19 months, selling prices decreased, with the drop being the most pronounced since April 2020. On a positive note, employment saw an upswing, reaching a three-month high in job creation, while backlogs decreased for the second consecutive month. Additionally, business confidence improved as manufacturers became more optimistic about production prospects for the coming year.