PMI Manufacturing June 2012 at 55.02

 
The Philippine economy lingered within the growth mode in June 2012 with PMI manufacturing at 55.02. This index is well above the growth threshold of 50 but significantly lower than the index in May (by 4.78). On the other hand, the PMI Retail/Wholesale remained well above the growth threshold by 59.29. PMI Services Index also remained  in a high- speed performance significantly above the growth threshold at 62.07.

UPCOMING EVENTS

EYEING ASIAN MARKET?

Get the latest updates on the Asian Market, the Philippine Economy and the forecasts for the next quarter.

                                        

 

The All-Asian Centre for Enterprise Development (ASCEND) Inc. 

cordially invites you to economic briefing relevant to Asian market.

For registration please click HERE or you may reach us at: 381-0010 / 853-7312 and look for Ms. Johnlery Rico.

HURRY LIMITED SEATS ONLY!

PISM shows appreciation to ASCEND

During the 6th GMM: Greening the Supply Chain Conference and Exhibit held at St. Luke's Medical Center last May 31, 2012, another recognition was given to the All-Asian Centre for Enterprise Development (ASCEND) Inc. for their continuous partnership with PISM and SOFSM in conducting the Purchasing Managers' Index (PMI) Philippines.The certificate was handed by Mr. Romy Recto and Mr. Ricardo Sison to Atty. Rodrigo Celicious, the President of ASCEND. 

PMI Phil Awards Samsung Galaxy Pocket Winner

PMI Phil Awards Samsung Galaxy Pocket Winner

Cheers to Mr. Lito Lim, the new owner of a Samsung Galaxy Pocket, who gets the first prize in Ascend's annual raffle for purchasing managers held on July 27.

2nd prize victor Mr. Wilhelm Villegas wins a gift certificate worth 3000 Pesos. On the third spot is Ms. Shiela Gandong who gets 1,500 Pesos gift certificate.

The annual electronic raffle is a way of thanking purchasing managers for being a part of Purchasing Manager's Index (PMI) Philippines. Purchasing managers participating in the PMI survey for at least 8 times are automatically included in the raffle.

Purchasing Managers' Index Philippines May 2012 rose to 59.80 from 55.71 last month

a faster economic expansion 

               PMI Manufacturing reflected an expanding economic activity in May with an index of 59.80, significantly up from April 2012 by 4.09 index points. The same uptrend was observed in the PMI Retail/Wholesale with an increase of 1.73. A steady performance  of the PMI Services Index was  exhibited and still in a growth mode posting an index above the growth threshold.

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

WHERE IS THE GLOBAL ECONOMY HEADING?

Economic Prospects 2012: From A Global Perspective

The global economy faces new challenges this year 2012. These challenges were closely watched by the government and the private institutions particularly here in the Philippines. Although in single-digit, economic growth persisted through the rest of 2008 till 2010. The Philippine economy remained in a growth and promising mode despite the European debt crisis in 2011.  From a global perspective, what are the prospects in 2012 for the Philippine economy? Will the adverse conditions in Europe restrain growth or will the positive market conditions in the Philippines prevail?

The All-Asian Centre for Enterprise Development, Inc. (ASCEND, Inc.) cordially invites you to Economic Prospects 2012: From A Global Perspective featuring insights and foresights from business organizations headed by Mr. Reiner Allgeier, German – Philippine Chamber of Commerce and Industry and Dr. Nick Fontanilla, the managing Director of ASCEND, Inc. Also, we invited reactors who are industry experts on their fields will be sharing their ideas for business opportunities. The event will be on May 4, 2012, Friday at  4^th floor, Rooms 2-5, JV Del Rosario Hall, AIM  Conference Centre Manila from 9:00 AM – 12:00 NN.

PISM C-Speak: The Future of Supply Chain in the eyes of a Chief Executive

Dr. Nick Fontanilla, the Managing Director of ASCEND Inc, discussed the importance of PMI to decision makers in the Philippine Institute of Supply Management's Second General Membership Meeting. The event is entitled - PISM C-Speak: The Future of Supply Chain in the eyes of a Chief Executive which was held last October 13, 2011 at the Sharing-La Hotel, Makati City.

Comment and share your thoughts about the discussion!

PMI indicates positive outlook in 2012

At the 5th General Membership Meeting and Ratification of By-laws organized by the Philippine Institute for Supply Management (PISM) held at the Bayanihan Center, United Laboratories Inc., Dr. Nick Fontanilla, Managing Director of ASCEND, Inc., shared insights and foresights on the Philippine economy based on the latest PMI Philippines reading. 
PMI is a leading economic indicator reported at the beginning of each month. It tracks economic trends and gives a timely report on whether the economy expanded or contracted last month as compared to the previous month. There are 32 countries where PMI is conducted. Of this total, seven are in Asia, the Philippines being one of them. PMI monthly results are used by executives as guideline for decision making and policy formulation. PMI Philippines started in July 2008. PMI Philippines January is now on its 44th reading.

Dr. Fontanilla presented the latest Purchasing Managers’ Index which measured the direction of the economy in January 2012 as compared to December 20122.  As reported, there was a slight upturn in the January 2012 Index from 53.6  to 55.1, 1.5 point higher than the previous month. An index above the growth threshold of 50 indicates expansion. An index below the growth threshold of 50 indicates contraction. The January 2012 index is also higher than the index in January 2011. According to Dr. Fontanilla, the January data and previous PMI tracking data (from July 2008) plus key market developments suggest a vibrant economy in 2012.

We are moving. Closer to our clients. Where we can better serve you. We are pleased to announce that we will be moving to our new office in Makati City, as follows:

Unit 504, 5th Floor,

Tritan Plaza Building,

Paseo de Magallanes, Makati City

Until further notice, kindly take note of our temporary telephone and mobile numbers:

Tel: +381-0010 or 3819713 Company Mobile: Smart: +639282918747 Globe: +639225580286 Sun: +639278613177

URL:www.ascendph.com E-mail address: info@ascendph.com.

Bangko Sentral ng Pilipinas officially supports PMI Philippines

January 5, 2010

Dr. Nick Fontanilla, President of The Asian Centre for Enterprise Development and Mr. Romeo Recto, President of Society of Fellows in Supply Management presented the PMI Philippines to executives and officers from the Bangko Sentral ng Pilipinas headed by Director Zeno Abenoja of Department of Economic and Financial Learning Center.

This is an important step to establish PMI Philippines as a reliable, timely and effective Economic Leading Indicator in the Philippines today.

Congratulations to ASCEND Team and PMI Philippines!