Purchasing Managers Index Summary for July 2012

Below are hints on how the Philippine Economy is doing this month. For the full report you may visit PMIPhilippines.com or you may email us at info@ASCENDPH.com/ASCENDPH@gmail.com.

Manufacturing Industry expands in JulyThe PMI Manufacturing index glided down to 53.30 – a 1.72 decrease from June 2012. In spite of the decrease, the index still lingered above the growth threshold suggesting that the economy expanded in July.
The chart below visualizes this month's PMI Manufacturing Index.


Retail/Wholesale Industry Slows Down
The Retail/Wholesale Purchasing Managers’ Index (RW PMI) in July, at 57.31, still remains in expansion mode but at a slower rate.

Service Industry Continues to Perform Above Growth Threshold
PMI Services in July went up by 3.19 index points from last month. For this months’ index is the highest since March’s index