{"id":15631,"date":"2025-09-02T10:40:53","date_gmt":"2025-09-02T08:40:53","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=15631"},"modified":"2025-09-02T10:40:53","modified_gmt":"2025-09-02T08:40:53","slug":"manufacturing-sector-sees-deceleration-in-august-growth","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/02\/manufacturing-sector-sees-deceleration-in-august-growth\/","title":{"rendered":"Manufacturing Sector Sees Deceleration in August Growth"},"content":{"rendered":"<p><\/p>\n<p class=\"p2\">PHILIPPINE manufacturing activity increased in August, although at its slowest rate in two months due to a modest rise in output and new orders as the elevated US tariffs took effect, S&amp;P Global announced on Monday.<\/p>\n<p class=\"p3\"><span class=\"s2\">The S&amp;P Global Philippines Manufacturing Purchasing Managers\u2019 Index (PMI) registered at 50.8 in <\/span><span class=\"s3\">August, down from 50.9 in July. <\/span><\/p>\n<p class=\"p3\"><a title=\"Manufacturing Purchasing Managers\u2019 Index (PMI) of select ASEAN economies, August 2025\" href=\"https:\/\/www.flickr.com\/photos\/142608056@N02\/54758578765\/in\/dateposted-public\" data-flickr-embed=\"true\"><\/a>This marked the lowest PMI score since the 50.7 recorded in June.<\/p>\n<p class=\"p3\">A PMI score above 50 reflects improved operating conditions compared to the prior month, whereas a score below 50 indicates a decline.<\/p>\n<p class=\"p3\">\u201cThe manufacturing sector in the Philippines signaled a subdued performance once more, with growth rates for output and new orders remaining beneath their historical norms,\u201d stated Maryam Baluch, economist at S&amp;P Global Market Intelligence.<\/p>\n<p class=\"p3\"><span class=\"s4\">Data from S&amp;P Global regarding select Association of Southeast Asian Nations members indicated that the Philippines secured the third-high<\/span>est PMI reading, trailing only Thailand (52.7) and Indonesia (51.5).<\/p>\n<p class=\"p3\">According to the report, S&amp;P Global noted \u201cmodest\u201d growth in output and new orders in August, bolstered by new customer acquisition and heightened demand.<\/p>\n<p class=\"p3\">Manufacturing output rose for the third consecutive month in August, \u201cwith the growth rate hitting its fastest pace in four months,\u201d the report stated.<\/p>\n<p class=\"p3\">\u201cThe increase in output was supported by a continued rise in new business. The growth rate was largely consistent with that seen in July, with anecdotal evidence suggesting new customer acquisitions and favorable underlying demand trends as the catalysts for the latest expansion,\u201d S&amp;P Global elaborated.<\/p>\n<p class=\"p3\">Manufacturers in the Philippines also observed a stronger international demand for goods, with the growth in orders reaching a seven-month peak.<\/p>\n<p class=\"p3\">S&amp;P Global observed an expansion in purchasing activity, with August data indicating the swiftest rise in four months.<\/p>\n<p class=\"p3\">Ms. Baluch remarked that job creation came to a halt in August, marking the end of two consecutive months of \u201cmarginal increases\u201d in employment.<\/p>\n<p class=\"p3\"><span class=\"s4\">\u201cThe combination of escalating production requirements and stagnant employment led to a further accumulation of backlogs, with the rate of buildup the fastest in six months,\u201d the report stated.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">S&amp;P Global reported a \u201cmodest decline\u201d in finished goods inventories in August, as firms worked to fulfill new orders.<\/span><\/p>\n<p class=\"p3\">\u201cReductions have been noted in three of the last four survey periods, with some businesses indicating that they released stock onto the market to prevent potential damage in warehouses from heavy rains,\u201d it noted.<\/p>\n<p class=\"p3\">According to S&amp;P Global, inflationary pressures were relatively mild in August even as material prices increased.<\/p>\n<p class=\"p3\"><span class=\"s4\">\u201cMild cost pressures, combined with manufacturers\u2019 attempts to manage their pricing in order to remain competitive, could offer the boost firms require to regain sales <\/span><span class=\"s2\">momentum,\u201d remarked Ms. Baluch. <\/span><\/p>\n<p class=\"p3\">Manufacturers in the Philippines displayed enhanced confidence for the upcoming 12 months for the fourth consecutive month, reaching the highest level since November 2024.<\/p>\n<p class=\"p3\"><span class=\"s2\">\u201cCompanies remained optimistic that demand conditions will enhance and support production. However, the positive sentiment was still subdued compared to the long-term series average,\u201d S&amp;P Global stated.<\/span><\/p>\n<p class=\"p3\">Factory operations might have been influenced by the implementation of the 19% tariff on many products from the Philippines beginning August 7.<\/p>\n<p class=\"p3\">Michael Ricafort, chief economist at Rizal Commercial Banking Corp., mentioned that the slowdown stemmed from the US tariffs, which led to a \u201cwait-and-see attitude\u201d among certain exporters.<\/p>\n<p class=\"p3\">\u201c(This was) somewhat counterbalanced by some frontloading of exports prior to Trump\u2019s increased tariffs coming into effect on August 7, 2025, as well as a seasonal uptick in imports and production activities by certain local manufacturers during the third quarter,\u201d he added.<\/p>\n<p class=\"p3\">Mr. Ricafort emphasized that the heightened US tariffs could ultimately reduce demand for exports to the US, as well as hinder economic growth. \u2014 <b>Aubrey Rose A. Inosante <\/b><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/top-stories\/2025\/09\/02\/695096\/factory-activity-growth-slows-in-aug\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHILIPPINE manufacturing activity increased in August, although at its slowest rate in two months due to a modest rise in output and new orders as the elevated US tariffs took effect, S&amp;P Global announced on Monday. The S&amp;P Global Philippines Manufacturing Purchasing Managers\u2019 Index (PMI) registered at 50.8 in August, down from 50.9 in July.<\/p>\n","protected":false},"author":3,"featured_media":15632,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3490],"class_list":["post-15631","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-factory-activity-growth-slows-in-aug"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manufacturing Sector Sees Deceleration in August Growth - 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\/09\/02\/manufacturing-sector-sees-deceleration-in-august-growth\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturing Sector Sees Deceleration in August Growth - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"PHILIPPINE manufacturing activity increased in August, although at its slowest rate in two months due to a modest rise in output and new orders as the elevated US tariffs took effect, S&amp;P Global announced on Monday. 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