Empowering Women In Sports: PSC Awards Honor Filipina Achievements

Higit pa sa karangalan, ang kanilang tagumpay ay para sa bawat batang Filipina na nangangarap sa palakasan.

‘MapagLAROng Likha’ Exhibition Brought PH Traditional Games To Life

Sa pamamagitan ng sining, muling sinariwa ng "MapagLAROng Likha" ang masasayang alaala ng mga tradisyunal na larong Pilipino.

From Advocacy To Policy: Hontiveros’ Decade-Long Legislative Journey

From legislative victories to fighting corruption, Senator Hontiveros has made her mark in advancing social justice and labor rights. #LetsAllWelcome #LetsAllWelcome_SenatorRisaHontiveros

Filipino Jewelers Showcase Elegance At Hong Kong International Show 2025

Ang mga alahas na gawa ng Pilipino ay simbolo ng ganda, tradisyon, at kasiningan. Ang sining at husay ng mga Pilipinong alahero ay kinikilala sa buong mundo.

Domestic Demand Backs PH Manufacturing In September

The Philippine manufacturing bounced back in September with strong domestic demand and improved performance.


By PAGEONE Business Today

Domestic Demand Backs PH Manufacturing In September

9
9

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) reported Monday that the country’s manufacturing performance in September this year has improved, supported by domestic demand.

The latest index shows that the Philippines manufacturing PMI last month posted a score of 50.6, which is above the neutral level of 50. This is a rebound from the 49.7 PMI in August.

“September PMI data signaled renewed growth across the Filipino manufacturing sector as new orders emerged out of contraction territory, thereby supporting a quicker expansion in output and a fresh rise in staffing levels,” S&P Global Market Intelligence economist Maryam Baluch said.

Supporting the industry’s performance in September were the growth in new orders fueled by domestic demand, offsetting the drop in orders from abroad.

Hiring activities in the manufacturing sector also grew in September, arresting three straight months of decline.

It added work backlogs also fell since July this year, suggesting there is still spare capacity within the sector.

Inventory of finished goods also increased as manufacturers anticipate greater demand in the coming months.

On the other hand, pre-production stocks declined in September as factories utilized available inventories to meet the current requirements.

“Despite increase in material, fuel and supplier costs exerting pressure on operating expenses and pushing up selling prices at a faster pace, both input prices and output charges rose at historically muted rates,” Baluch said.

Meanwhile, manufacturers’ sentiment dropped to a 15-month low in September amid global headwinds.

“Global headwinds, including muted foreign demand conditions, weighed on overall growth in September, with mounting concerns regarding the sustainability of future demand reported by firms. Nonetheless, firms sought to expand staffing numbers despite signs of spare capacity amid hopes of further pickups in new orders,” Baluch added. (PNA)