THE Philippine economic landscape has demonstrated remarkable resilience throughout 2023, as depicted by the Purchasing Managers' Index (PMI) Philippines across various sectors, including Manufacturing, Retail and Wholesale, and Services. The culmination of the year in December 2023 has brought forth intriguing trends and indicators that offer insights into the prevailing economic conditions and prospects for the upcoming year.

PMI Philippines is derived from actual market conditions as presented by the purchasing, supply, and operations managers and is considered an effective foresight of conditions in the economy as a whole. The monthly report was prepared by I-Metrics Asia-Pacific Corp. on behalf of the Foundation of the Society of Fellows in Supply Management (SOFSM).