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The Sales Managers Index: Philippines

Released: March 21, 2017


Philippines SMI Reports strong Economic Growth

  • Market Growth continues to grow steadily to a 20 month high
  • Strong monthly sales growth endorses very high business confidence
  • Price rises remain strong with inflation maintaining recent rate

The Philippines Sales Managers Index (SMI) for March suggests that the rate of growth of the economy has continued to increase at a faster rate when compared with Q4 2016. The Headline Sales Managers’ Index signalled a sustained and fast rate of growth, with an index reading of 80.6 in March, unchanged from the February level. The Market Growth Index ticked up to 76.6, the highest level in close to two years and representative of increasing GDP growth rates. Inflation rates remain solid with an upward movement in the price of goods and services. Business Confidence levels continued to remain very high along with new employment levels which are being reinforced by solid Market and Sales growth.



Headline Sales Managers' Index



Sales Growth Index





Sales Managers' Indexes 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





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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