What is PMI?
The Purchasing Managers’ Index Philippines is an index which measures the monthly economic performance of the Philippine Economy through three indices: Manufacturing, Retail and Wholesale and Services.
The PMI for Manufacturing is a composite index generated from five key tracking indicators – New Orders, Production, Employment, Supplier Deliveries and Inventories. For Retail and Wholesale, the key indicators are – Purchases, Sales Revenues, Employment, Supplier Deliveries and Inventories. For Services Sector, the key tracking indicators are – Business Activities, New Orders, Outstanding Business, Average Price Charge, Average Operating Cost and Employment.
PMI data are produced very rapidly and released monthly, covering a significant part of our economic activity. The PMI provides economic policy makers with high quality, timely, and internationally compatible economic data for strategic planning and decision making.
