FX.co ★ Philippines Manufacturing Growth Sustains Expansion

In June 2025, the S&P Global Philippines Manufacturing PMI experienced a climb to 50.7, an increase from 50.1 in the previous month. This represented the third month in a row of growth, as new orders continued their upward trajectory. The growth rate was slightly better than the previous month, fueled by successful customer engagements, solidifying demand fundamentals, and effective promotional strategies. As a result, the boost in new orders propelled production levels to once again enter expansion mode, even if only marginally. Regarding employment, there was an increase in jobs for the first time in four months, with the strongest growth observed since November 2024, driven by heightened demand. On the inflation front, pressures remained historically low, as both input costs and output prices rose at a slower pace compared to May. Looking forward, future output expectations have improved since May, supported by a growing customer base, ongoing projects, consistent local demand, and continued effective promotions.