THE Purchasing Managers Index serves as a critical indicator of economic health, capturing the sentiment and performance across the manufacturing, services and retail/wholesale sectors. From January to April 2024, the PMI data provides essential insights into the resilience and adaptability of the Philippine economy amid global uncertainties and domestic challenges.
The sector benefited from increased consumer demand, a strong rebound in tourism, and robust performances in IT and financial services.High levels of business activity, particularly in IT and hospitality. There are healthy new business inflows, reflecting sustained demand. Employment is stable, with companies responding to increased demand. Cost pressures are managed through strategic pricing, despite higher wages and operating costs.
Source: Financial Digest (financialdigest.net)
Economy Maintains Positive Trajectory
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