Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Economy  >>   Philippine manufacturing down in August
NEWS UPDATES Asean Affairs                    26  September 2011

Philippine manufacturing down in August

Related Stories

September 9, 2011
Philippines borrowing declines

September 7,2011
Philippines central bank to maintain rate

September 6, 2011
Rates to remain low in Philippines

September 1, 2011  Philippines central bank calls for more spending

Philippine manufacturing expanded at a slower pace for the second consecutive month in August as part of the cooling period ahead of the surge in demand later in the year, according to The Asian Centre for Enterprise Development Inc.

In an e-mail to this reporter, Ascend said the purchasing managers’ index fell further to 55.70 in August from 57.50 in July, marking the fourth consecutive expansion after contracting in April.

An index of more than 50 represents growth in the manufacturing sector, while a reading under 50 signifies a contraction. A reading at 50 indicates no change.

“The slight dip in August 2011 follows the normative trend where manufacturers make adjustments in their inventory in preparation for the expected surge in demand starting in October through December,” said the research arm of the Philippine Institute of Supply Management, which issues the PMI.

The PMI has been above the growth threshold for the year except in April when the index fell below it because of the disaster in Japan and the political crises in the Middle East.

All five major composite variables of the PMI stayed in growth mode last month, but the expansion in new orders, production, inventories and supplier deliveries slowed. Employment went up by 1.1 index points, the only variable with a positive direction.

“Many companies are gearing up for a possible uptrend in production and new orders,” Ascend said.

Three of the 12 sub-sectors of manufacturing registered month-on-month contraction in their business activities, such as paper, machinery and equipment as well as communications and medical equipment.

Five industries showed faster growth such as food and beverages, publishing and printing, non-metallic minerals, fabricated metals, and communication and medical equipment.

The RW Index has stayed above the threshold since February 2010.

The services index went down in August to 59.5, or 7.19 points lower than July when it posted its highest level for the year. It was the worst performance of the index since posting a 59.3 growth in January this year.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    26  September  2011 Subsribe Now !
• Asean markets down Subcribe: Asean Affairs Global Magazine
• Militant role in Sunday church bombing Asean Affairs Premium
• Indonesians are top Twitters
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• New Economic Model has challenges 
• Philippine manufacturing down in August
• Singapore-Russia trade hits high
• New Thai rice program causing global instability 
• Taxpayers could be hit with rice bill pp

Asean Analysis              26  September  2011

Advertise Your Brand
• Asean commodity prices cause global waves Sponsor Our Events

Asean Stock Watch   26  September  2011

• Asean Stock Watch-September 26 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand