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The Sales Managers Index: Philippines

Released: April 18, 2017

Philippines SMI Reports Strong Economic Growth

  • Very high levels of business confidence
  • Strong and consistent monthly sales growth
  • Price rises remain high

The Philippines Sales Managers Index (SMI) for April suggests that the rate of growth of the economy has continued to increase. The Headline Sales Managers’ Index signaled a sustained and fast rate of growth, with an index reading of 80.7 in April. The Market Growth Index remained stable at 76.6, the joint highest level in close to two years and representative of increasing GDP growth rates. Business Confidence levels continued to remain very high along with new employment levels which are being reinforced by rapid market and sales growth. Panel members are suggesting that new foreign investment from multinational companies and new infrastructure projects have had a positive effect on current businesses and the supply chain. Government policies for improving working conditions and employee salary standardisation has helped business with good fundamentals and is having a positive effect on staffing levels.

Headline Sales Managers' Index

Sales Growth Index

Market Growth Index

Staffing Levels 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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