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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines S&P Global Manufacturing PMI climbed to 50.8 in May 2026
FMPMonthlyReleased June 2026
Philippines S&P Global Manufacturing PMI climbed to 50.8 in May 2026, released June 2026, up 2.5 from April's 48.3 reading. The print came in hotter than the 48 consensus, a hotter print than forecasters anticipated.
Latest Release
50.800000
Actual
48.000000
Consensus
48.300000
Previous
Median Absolute Error
±2.13
across last 12 releases
Last Call
Jun 2026
Predicted: 47.65
Actual: 50.8
Error: -3.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/PHP | ▲ Direct | +0.60 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.59 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (Philippines) was reported at 50.80 in May 2026. This beat the market consensus of 48.00 by 2.80. The reading rose from the previous value of 48.30. Over the past 12 months, the indicator has averaged 50.89, ranging from 47.40 to 54.60 across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 52.23, up from the prior three at 50.17. Volatility over the past year (σ 1.80) is higher than the prior year (σ 1.28). In June readings over the past 3 years, S&P Global Manufacturing PMI has averaged 50.93.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/PHP (Bullish USD). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 2.13.
WHAT TO WATCH NEXT
The next release is scheduled for July 1, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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S&P Global Manufacturing PMI - PH
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About S&P Global Manufacturing PMI — Philippines
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 50.8, consensus 48. Prior reading (Apr 2026): 48.3. Before that (Mar 2026): 51.3.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/PHP (Bullish USD, r=0.60) — a useful reference for forex-focused traders.