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The Sales Managers Index: Philippines

Released: January 17, 2017

Philippines Economy Continues to Grow Rapidly

  • SMI suggests strong economic growth from 2016 will continue on in 2017
  • Sales and Market Growth Indexes continue at very high levels
  • Price rises remain strong with inflation maintaining recent rate

The Philippines Sales Managers Index (SMI) for January suggests that the rate of growth in the economy has continued to increase at a consistent rate when compared with Q4 2016. The Headline Sales Managers’ Index signalled a sustained and fast rate of growth, with an index reading of 80.5 in January, unchanged on the level in December. The Market Growth Index remained stable at 76.3, the joint highest monthly value since June 2015 and representative of increasing GDP growth rates. Inflation rates remain solid with no change reported in the price of goods and services during the month. Business Confidence levels continued to remain very high along with new employment levels.

Headline Sales Managers' Index

Sales Growth Index

Sales Managers' Index Trends

  Direction Speed
SMI Growing Fast
Business Confidence Growing Very fast
Market Growth Growing Fast
Sales Output Growing Very fast
Prices Charged Growing Very strong
Staffing Levels Growing Very fast

Prices Charged Index

About Philippines SMI Data

The Sales Managers' Index provide the earliest monthly data on the speed and direction of Philippines economic activity.

Key advantages of The Philippines SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in The Philippines.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.

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