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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines S&P Global Manufacturing PMI climbed to 54.9 Points in August 2026
FMPMonthlyReleased September 2026
Philippines S&P Global Manufacturing PMI climbed to 54.9 Points in August 2026, released September 2026, up 3.1 Points from July's 51.8 Points reading. The print came in hotter than the 52 Points consensus, a hotter print than forecasters anticipated.
Latest Release
54.900000
Actual
52.000000
Consensus
51.800000
Previous
Median Absolute Error
±1.4
across last 12 releases
Last Call
Sep 2026
Predicted: 52.3
Actual: 54.9
Error: -2.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.63 | COMMODITIES | Moves against | → View |
| USD/PHP | ▲ Direct | +0.57 | FOREX | Moves with | → View |
| Nikkei 225 | ▼ Inverse | −0.36 | INDEX | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.32 | INDEX | Moves against | → 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 54.90 Points in August 2026. This beat the market consensus of 52.00 Points by 2.90 Points. The reading rose from the previous value of 51.80 Points. Over the past 12 months, the indicator has averaged 51.39 Points, ranging from 47.40 Points to 54.90 Points across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 52.50 Points, down from the prior three at 52.93 Points. Volatility over the past year (σ 2.16 Points) is higher than the prior year (σ 1.38 Points). In September readings over the past 3 years, S&P Global Manufacturing PMI has averaged 52.30 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/PHP, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.40 Points.
WHAT TO WATCH NEXT
The next release is scheduled for October 1, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Aug 2026): actual 54.9 Points, consensus 52 Points. Prior reading (Jul 2026): 51.8 Points. Before that (May 2026): 50.8 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.63) — a useful reference for commodities-focused traders.
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