PMI Phil Awards Samsung Galaxy Pocket Winner

PMI Phil Awards Samsung Galaxy Pocket Winner

Cheers to Mr. Lito Lim, the new owner of a Samsung Galaxy Pocket, who gets the first prize in Ascend's annual raffle for purchasing managers held on July 27.

2nd prize victor Mr. Wilhelm Villegas wins a gift certificate worth 3000 Pesos. On the third spot is Ms. Shiela Gandong who gets 1,500 Pesos gift certificate.

The annual electronic raffle is a way of thanking purchasing managers for being a part of Purchasing Manager's Index (PMI) Philippines. Purchasing managers participating in the PMI survey for at least 8 times are automatically included in the raffle.

Purchasing Managers' Index Philippines May 2012 rose to 59.80 from 55.71 last month

a faster economic expansion 

               PMI Manufacturing reflected an expanding economic activity in May with an index of 59.80, significantly up from April 2012 by 4.09 index points. The same uptrend was observed in the PMI Retail/Wholesale with an increase of 1.73. A steady performance  of the PMI Services Index was  exhibited and still in a growth mode posting an index above the growth threshold.

An index above 50 indicates economic expansion and an index below 50 implies contraction.