PMI Philippines in August 2012

                                          PMI Philippines Manufacturing

PMI Manufacturing Index in August 2012, at 54.44, remains above the growth threshold of 50. This mirrors an expanding economy at a rate that is slightly higher than the index in July 2012 (53.30).  

On the other hand, the Retail/Wholesale Purchasing Managers’ Index (RW PMI) for the month of August is at 57.45, still in expansion mode given that it is well above the growth threshold. PMI Services in August 2012, at 60.71. This parallels an expanding economy although at a speed that is much slower than the growth index in July 2012. 

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

PMI Philippines next initiative for 2013

Last weekend, ASCEND team draw their plans and their initiatives for the next year of 2013. The discussions focused on the systematization of operations and development of new facilities and systems related to PMI Philippines. 

Also, part of the idea is to have an extensive promotion of PMI Philippines in the local market and international market within the Asian countries. The PMI Asia initiative will launch this year and will fly across the Philippines starting next year. 

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Source: Logility

PMI is Different

It is a leading indicator.
It is more accurate than other indicators which are lagging

It is activity-based.
It is more realistic and accurate than expectation surveys and speculations

It is a monthly report.
It allows immediate trend spotting and faster decision-making.

It is highly correlated to GDP & other official indicators
It is a reliable business activity predictor;

trusted by big international & local business forecasters

It is based on Top 15000 – 25000 corporations

It offers unbiased results;

Reflective of business engine drivers & trend setters

Wider representation vs PSEI

It covers different sectors
It has a wider target market

PMI Philippines is using the same template with the world PMI
Results are directly comparable.

Final; Never revised
No fear of incorrect basis

Some Remarks on PMI

"If you were to put me on a desert island and ask me to name one number, it would be PMI."
-Malcolm Barr, JP Morgan, June 2009

"The price of oil has risen by more than a dollar a barrel after PMI surveys suggested strong manufacturing growth in both the US and the Eurozone."
-BBC News, Januray 2011

"PMI is the world's most closely watched business survey."
-Markit Economics