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Philippines’ manufacturing PMI shrinks in October

3 November 2026
in Business
Reading Time: 4 mins read
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Philippines’ manufacturing PMI shrinks in October
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By Justine Irish D. Tabile, Senior Reporter

PHILIPPINE factory activity contracted for a second straight month in October as manufacturers cut output and new orders declined, S&P Global said.

The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) declined to 49.1 in October from 49.6 in September.

This was the weakest reading in six months or since April’s 48.3 and marked a reversal from the 50.1 reading in October 2025.

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