Close Menu
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition
What's Hot

Factory activity shrinks in September

Cardi B Says Nicki Minaj Beef Is ‘Past Words Now’

Black Female Private Investigator Lands New Netflix Series, Celebrates 15 Years as the Owner of a Detective Agency

Facebook X (Twitter) Instagram
Trending
  • Factory activity shrinks in September
  • Cardi B Says Nicki Minaj Beef Is ‘Past Words Now’
  • Black Female Private Investigator Lands New Netflix Series, Celebrates 15 Years as the Owner of a Detective Agency
  • Cassie Gets Vulnerable In Letter Prior To Diddy’s Sentencing
  • JaNa Craig Clarifies Key Glock Relationship After PDA Sightings
  • Xbox Game Pass Ultimate Jumps To $30 A Month, Gamers React
  • adidas Originals Partners With Atlanta Fashion Week
  • LeBron James Joins Kai Cenat’s Mafiathon, Cuts Streamer’s Hair
Facebook X (Twitter) Instagram YouTube
THE MIRROR OF MEDIA
  • Home
  • Accounting
  • Banking
  • Business
  • Political
  • Crypto
  • Real Estate
  • Ecommerce
  • Entrepreneur
  • Investment
  • More
    • Music
    • Gossip
    • Pop Culture
    • Wall street
    • IPO’S
    • Mortgage/Loans
    • Venture Capitalists/Angel Investors
THE MIRROR OF MEDIA
You are at:Home»Business»Factory activity shrinks in September
Business

Factory activity shrinks in September

adminBy adminNo Comments5 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


By Aubrey Rose A. Inosante, Reporter

FACTORY ACTIVITY in the Philippines contracted for the first time in six months in September, as manufacturers saw a drop in output and new orders, S&P Global said on Wednesday.

The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) slipped to 49.9 in September from 50.8 in August.

A PMI reading below 50 shows a deterioration in operating conditions from the preceding month, while a reading above 50 denotes better operating conditions.

Manufacturing Purchasing Managers’ Index (PMI) of Select ASEAN Economies, September 2025This was the second contraction this year, or since the 49.4 reading in March, as manufacturers cut output amid uncertainty surrounding US tariff policies at the time.

“The Philippines PMI survey data showed the manufacturing sector moving into negative territory at the end of the third quarter which, despite indicating only a fractional decline, has been highly unusual in the sector’s post-pandemic history,” David Owen, a senior economist at S&P Global Market Intelligence, said.

According to S&P Global, this was only the third time in over four years that the Philippines’ manufacturing PMI fell below 50.

“New orders and output decreased slightly, as firms mentioned a fall in client numbers and a modest drop in production from the suspension of rice imports,” Mr. Owen said.

Based on S&P Global’s Association of Southeast Asian Nations (ASEAN) data, the Philippines and Malaysia (49.8) both saw a contraction in factory activity in September.

Thailand recorded the highest PMI reading (54.6), followed by Myanmar (53.1), Indonesia (50.4), and Vietnam (50.4).

The Philippines’ PMI reading was also below the 51.6 average for ASEAN in September.

S&P said Philippine manufacturing firms saw a decline in sales for the first time since March.

“Weaker operating conditions were mainly attributed to a renewed (albeit marginal) drop in new order intakes in September,” it said. “However, order books with foreign clients continued to improve, signaling that the downturn was mainly centered on the domestic market.”

Manufacturers had to scale back production in September, ending three straight months of expansion.

S&P noted that firms surveyed said that aside from weak demand, adverse weather conditions and a ban on rice imports negatively affected output.

Despite this, goods producers increased purchases of raw materials and other components in September, although the rate of growth was slower than August.

“In contrast, post-production inventories declined due to lower output as well as some efforts to reduce backlogs of work, which dropped for the first time since April,” it said.

The survey data also showed a “subdued jobs market” in September.

Firms also saw higher input costs in September, which prompted them to marginally increase selling prices.

Also, S&P noted the level of business confidence was the second highest since November 2024. Most firms were generally confident of an improvement in sales in the next 12 months.

“However, with overall sentiment in the year-ahead remaining upbeat in September, and purchasing quantities increasing, manufacturers appear hopeful that the dip in sector performance is temporary,” Mr. Owen said.

SUPPLY DISRUPTIONS
Analysts said the decline in manufacturing activity can be attributed to supply disruptions caused by heavy rains and floods in September.

“This was mainly due to weak demand, high input costs, and supply disruptions, including weather-related issues,” John Paolo R. Rivera, a senior research fellow at the Philippine Institute for Development Studies, said in a Viber message. “The sluggish factory orders and softer business sentiment reflect broader economic headwinds.”

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said manufacturing activity was affected by fewer working days due to bad weather, US tariffs and the so-called “ghost month.”

“(Higher tariffs) led to some wait-and-see attitude for some exports from the country and also exports in the global supply chains in terms of more cautious stance on their production and capacity,” he added.

‘TEMPORARY DIP’
S&P Global Marketing Intelligence Economics Associate Director Jingyu Pan said the decline in Philippine factory output in September is only a “temporary dip.”

She said new export orders remained steady even as the US implemented the 19% tariff on Philippine-made goods on Aug. 7.

“If we take just a little bit of a step back and look at all the other PMI that has been released for the Asian region so far, you are certainly getting quite a bit of mixed picture… It’s undeniable that we’re still seeing some of this frontloading across the APAC region,” Ms. Pan said.

Ms. Pan also noted that recent flooding was a more immediate drag on production than the government-wide probe into anomalous flood control projects.

While manufacturers remain optimistic about a recovery over the next 12 months, Ms. Pan warned that the recent earthquake could be a “big factor” and could weigh on output in the coming months.

“Cebu is a manufacturing hub as well, and electronics sector has been a key sector over there. That could actually dampen the picture going forward based on initial potential assessment here,” she said, but will depend on the extent of infrastructure damage in the region.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleCardi B Says Nicki Minaj Beef Is ‘Past Words Now’
admin
  • Website
  • Facebook

The most informative business website online.

Related Posts

Black Female Private Investigator Lands New Netflix Series, Celebrates 15 Years as the Owner of a Detective Agency

The Changing Landscape of Non-Disclosure Agreements

Rising Stars in the spotlight at ProCon building awards

Comments are closed.

Don't Miss
Business

Factory activity shrinks in September

By Aubrey Rose A. Inosante, Reporter FACTORY ACTIVITY in the Philippines contracted for the first…

Cardi B Says Nicki Minaj Beef Is ‘Past Words Now’

Black Female Private Investigator Lands New Netflix Series, Celebrates 15 Years as the Owner of a Detective Agency

Cassie Gets Vulnerable In Letter Prior To Diddy’s Sentencing

JaNa Craig Clarifies Key Glock Relationship After PDA Sightings

Xbox Game Pass Ultimate Jumps To $30 A Month, Gamers React

adidas Originals Partners With Atlanta Fashion Week

LeBron James Joins Kai Cenat’s Mafiathon, Cuts Streamer’s Hair

JT Has Heated Exchange With Cardi’s Sister Hennessy Carolina

Ethics Reform Legislation Failed to Pass Several Statehouses in 2025 — ProPublica

The Changing Landscape of Non-Disclosure Agreements

Klay Thompson Gives Dry Answer Regarding Meg Thee Stallion, X Thinks They Split

Cardi B & Nicki Minaj Egregiously Eviscerate Each Other’s Kids

The Nicki Minaj and Cardi B Beef: A Timeline Of Events

Cardi B Apologizes To Latto After Leaked Audio About Ice Spice

About Us
About Us

LewLewBiz delivers practical insights on entrepreneurship, finance, and business operations. Explore expert advice on payroll, landlord strategies, and industry news to empower your financial decisions and business growth.

We're accepting new partnerships right now.

Email Us: lewlewmedia@gmail.com
Contact: lewlewmedia@info.com

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Factory activity shrinks in September

Cardi B Says Nicki Minaj Beef Is ‘Past Words Now’

Black Female Private Investigator Lands New Netflix Series, Celebrates 15 Years as the Owner of a Detective Agency

Most Popular

States Fear Uncertain Future of FEMA Grants Under Trump — ProPublica

BigXthaPlug Gets Candid About Raising His Autistic Son

Metro Boomin’s New Mixtape Set To Debut Outside Top 20

© 2025 lewlewmedia since 2016
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition

Type above and press Enter to search. Press Esc to cancel.