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.