Manufacturing activity in the Philippines expanded for a third consecutive month in July, driven by stronger demand that managed to offset rising input costs, according to S&P Global.
The Purchasing Managers’ Index (PMI) posted modest growth, marking a period of resilience for the sector despite cost pressures.
The expansion continues a trend established over the previous two months, suggesting underlying strength in domestic and export demand.
The Philippine data arrives amid a diverging global manufacturing landscape.
In the United States, private sector activity accelerated sharply in July, with the S&P Global composite PMI rising to 53.6 from 51.9 in June.
Conversely, India’s private sector expansion decelerated further, recording its weakest growth rate since March 2022 as challenging market conditions intensified.