The S&P Global Philippines Manufacturing PMI inched up to 50.9 in June 2026 from 50.8 in May, marking a second consecutive month of expansion. New business continued to grow, and output rose for a second straight month, although the pace of increase slowed somewhat. The decline in new export orders also eased significantly.
Manufacturers increased their purchases of raw materials and semi-finished goods for the first time in four months. Staffing levels were unchanged in June, representing a stabilization after job cuts in April and May, while backlogs of work rose for the first time in three months. Supplier delivery times lengthened, but to the smallest degree since December of the previous year. Inflationary pressures also softened. However, business confidence slipped to its lowest level since January.
