{"id":13626,"date":"2025-07-01T23:41:31","date_gmt":"2025-07-01T21:41:31","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13626"},"modified":"2025-07-01T23:41:31","modified_gmt":"2025-07-01T21:41:31","slug":"june-sees-expansion-in-manufacturing-pmi","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/01\/june-sees-expansion-in-manufacturing-pmi\/","title":{"rendered":"June Sees Expansion in Manufacturing PMI"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<p class=\"p2\"><span class=\"s2\">PHILIPPINE manufacturing activity<\/span><span class=\"s3\"> in June grew at its swiftest rate in two months as output increased and new requests surged, S&amp;P Global reported. <\/span><\/p>\n<p class=\"p3\"><span class=\"s4\">The S&amp;P Global Philippines Manufacturing Purchasing Managers\u2019 Index (PMI) rose to 50.7 in June from 50.1 in May. <\/span><\/p>\n<p class=\"p4\"><a title=\"Manufacturing Purchasing Managers\u2019 Index (PMI) of select ASEAN economies, June 2025\" href=\"https:\/\/www.flickr.com\/photos\/142608056@N02\/54625929431\/in\/dateposted-public\/\" data-flickr-embed=\"true\"><\/a>June also indicated the third successive expansion following the 49.4 figure in March.<\/p>\n<p class=\"p3\">A PMI score exceeding 50 signifies improved operating conditions compared to the previous month, while a score below 50 denotes decline.<\/p>\n<p class=\"p3\"><span class=\"s5\">\u201cThe overall condition of the Philippine manufacturing industry remained relatively muted as the first half of the year came to a close,\u201d stated Maryam Baluch, economist at S&amp;P Global Market Intelligence.<\/span><\/p>\n<p class=\"p3\">\u201cNonetheless, even though new requests keep increasing, the pace is historically subdued, hindered by a stagnant export landscape,\u201d she added.<\/p>\n<p class=\"p3\"><span class=\"s2\">Uncertainties surrounding the Trump administration\u2019s tariff policies have impacted the Philippines and other Southeast Asian nations, which depend on exports to the US market.<\/span><\/p>\n<p class=\"p3\"><span class=\"s4\">S&amp;P Global data on the Association of Southeast Asian Nations (ASEAN) revealed that only two nations registered an increase in PMI in June: Thailand and the Philippines. Thailand recorded the highest PMI at 51.7, with the Philippines at 50.7. Both figures surpassed the ASEAN average of 48.6.<\/span><\/p>\n<p class=\"p3\">Conversely, Malaysia (49.3), Myanmar (49), Vietnam (48.9), and Indonesia (46.9) experienced a contraction in manufacturing activity.<\/p>\n<p class=\"p3\"><span class=\"s4\">In April, US President Donald J. Trump announced a baseline 10% tariff on all trading partners, along with higher reciprocal tariffs on some nations. The Philippines faced a 17% tariff, the second lowest within Southeast Asia.<\/span><\/p>\n<p class=\"p3\">While the reciprocal tariffs have been suspended for 90 days until July 9, the baseline 10% tariff remains active.<\/p>\n<p class=\"p5\"><b>NEW REQUESTS<br \/>\n<\/b>In June, S&amp;P Global indicated that Philippine manufacturers noted an additional rise in new requests.<\/p>\n<p class=\"p3\"><span class=\"s6\">\u201cThe growth rate was marginally stronger than that recorded in the prior month, although it stayed below the long-term survey average. Anecdotal information attributed this latest improvement to successful customer acquisitions, enhanced underlying demand trends, and effective marketing initiatives,\u201d it added.<\/span><\/p>\n<p class=\"p3\"><span class=\"s5\">S&amp;P Global observed that production levels returned to the expansion zone, albeit \u201conly slightly.\u201d This marked a turnaround from the minor contraction noted in May.<\/span><\/p>\n<p class=\"p3\">\u201cThe growth rate of output lagged behind the increase in incoming new business,\u201d it remarked.<\/p>\n<p class=\"p3\">Manufacturers escalated purchasing activities in response to improved demand.<\/p>\n<p class=\"p3\">However, Ms. Baluch pointed out that delays in delivery times for inputs and material shortages have hindered production capabilities.<\/p>\n<p class=\"p3\">\u201cDelayed delivery times for inputs and shortages in materials meant that goods-producing firms in the Philippines struggled to adequately replenish their post-production inventories, reflecting the challenges manufacturers face in effectively expanding production amidst rising demand,\u201d S&amp;P Global stated.<\/p>\n<p class=\"p3\"><span class=\"s5\">In the meantime, Philippine manufacturers increased employment for the first time in four months, responding to the heightened demand.<\/span><\/p>\n<p class=\"p3\">S&amp;P Global reported that inflationary pressures remained historically low in June.<\/p>\n<p class=\"p3\"><span class=\"s7\">\u201cRates of input price and output charge inflation were marginally slower than those observed in May. Where input prices increased, this was primarily attributed by panelists to rising material costs,\u201d it noted.<\/span><\/p>\n<p class=\"p3\"><span class=\"s5\">S&amp;P Global indicated that business confidence strengthened compared to May but was still significantly below historical standards.<\/span><\/p>\n<p class=\"p3\">\u201cThe coming months will be crucial to assess whether the sector can return to growth rates similar to those of much of last year,\u201d stated Ms. Baluch.<\/p>\n<p class=\"p3\">\u201cLower inflationary pressures and sustained demand will partially assist Filipino manufacturers in achieving this through improved pricing power. However, historically subdued business confidence indicates a more temperate path for the upcoming year.\u201d \u2014 <b>A.R.A.Inosante<\/b><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/top-stories\/2025\/07\/02\/682661\/manufacturing-pmi-expands-in-june\/\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html PHILIPPINE manufacturing activity in June grew at its swiftest rate in two months as output increased and new requests surged, S&amp;P Global reported. The S&amp;P Global Philippines Manufacturing Purchasing Managers\u2019 Index (PMI) rose to 50.7 in June from 50.1 in May. June also indicated the third successive expansion following the 49.4 figure in March.<\/p>\n","protected":false},"author":3,"featured_media":13627,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[2885],"class_list":["post-13626","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-manufacturing-pmi-expands-in-june"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>June Sees Expansion in Manufacturing PMI - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/01\/june-sees-expansion-in-manufacturing-pmi\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"June Sees Expansion in Manufacturing PMI - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html PHILIPPINE manufacturing activity in June grew at its swiftest rate in two months as output increased and new requests surged, S&amp;P Global reported. The S&amp;P Global Philippines Manufacturing Purchasing Managers\u2019 Index (PMI) rose to 50.7 in June from 50.1 in May. 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