PMI Philippines September 2012: Above the growth threshold

                                          PMI Manufacturing September 2012

PMI Manufacturing in September 2012 settled firmly above the growth threshold at 54.09. Although slightly lower than the index in August, this month’s index indicates steady month-on-month expansion of the economy in 2012. 

Correspondingly, Retail/Wholesale PMI (R/W PMI) registered at 58.70, slightly faster from the previous months’57.45. Services PMI in September 2012 remains well above the growth threshold of 50 at 61.35. All PMI Index are still above the growth threshold.

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