Philippines’ PMI March 2025

According to the latest data from S&P Global Market Intelligence, the Philippines’ Purchasing Managers' Index (PMI) reached 49.4 in March 2025, below the 50-point threshold that separates growth from contraction.

A drop in new orders, attributed to increased market competition and a reduced client base, led firms to slightly scale back production. However, this adjustment was measured, with employment levels remaining steady. Existing workforce capacity was sufficient to meet current demand and complete outstanding work.

Despite the softer conditions, manufacturers remain confident about the outlook for the year ahead. Business sentiment rose to a four-month high, prompting firms to maintain purchasing activity and continue building up inventories. Meanwhile, inflationary pressures stayed relatively subdued, contributing to a broadly stable cost environment for producers.

In its latest outlook, the International Monetary Fund estimated the Philippines’ GDP growth rate at 6.1 per cent in 2025. 

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2024.