The Sales Managers Index: Philippines

The Sales Managers Index: Philippines

The Philippines Economy Continues to Gather Pace

Philippines annualised GDP growth for Q3 likely to increase beyond 7%
Sales and Market Growth Indexes continue at very high levels
Price rises remain strong with inflation maintaining recent rise

The Philippines Sales Managers Index (SMI) for October suggests that the rate of growth in the economy has increased from the annual GDP growth rate of 7% reported in Q2. The Headline Sales Managers’ Index signalled a sustained and fast rate of growth across the country in October. The Market Growth Index improved to 76.1 the highest monthly value since July 2015 and representative of increasing GDP growth rates. Inflation rates remain solid with little change reported in the price of goods and services during the month. Business Confidence levels continued to remain very high despite the recent political standoffs.

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