WHILE the Philippine manufacturing sector bounced back in April on the back of new orders and increased output, firms continue to exercise caution as demand is expected to dip after the elections.
As the recent S&P Global Philippines Purchasing Manager’s Index noted, the country’s score improved to 53 in April from the 49.4 score posted in March, which was deemed the lowest in 43 months.
“The Filipino manufacturing sector commenced the second quarter of the year on a solid note, experiencing renewed growth in output and new orders, alongside an increased level of purchasing activity. Encouragingly, inflationary pressures also remained contained and historically subdued,” Maryam Baluch, economist at S&P Global Market Intelligence, said.
“Confidence within the sector has declined to its second lowest in the series history. Some respondents indicated that the rise in activity during April was partially influenced by the upcoming elections, suggesting that post-election, customer demand may be less buoyant,” Baluch said. The data also showed that the seasonally adjusted New Export Orders Index was unchanged at below the 50 mark, the same as March 2025.
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