THE Purchasing Managers Index (PMI) serves as a critical indicator of economic health, capturing the sentiment and performance across the manufacturing, services and retail/wholesale sectors. From January to April 2024, the PMI data provides essential insights into the resilience and adaptability of the Philippine economy amid global uncertainties and domestic challenges. This report is managed by the Philippine Institute for Supply Management (PISM) and its advocacy arm, the Foundation of the Society of Fellows in Supply Management (SOFSM), in collaboration with I-Metrics Asia-Pacific Corp.

Throughout the first four months of 2024, the composite PMI for the Philippines consistently remained above the 50-point threshold, signaling continuous economic expansion. The composite index averaged 51.9 during this period, reflecting steady growth despite some fluctuations.