FX.co ★ Philippines Manufacturing Rebounds to Expansion in May, S&P Global PMI Hits 50.8

The Philippines’ manufacturing sector returned to expansion territory in May 2026, with the S&P Global Manufacturing Purchasing Managers’ Index (PMI) rising to 50.8. This marks a notable improvement from April 2026, when the index stood at 48.3, signaling contraction.

The move above the 50.0 threshold indicates a renewed expansion in manufacturing activity after the previous month’s weakness. The latest reading suggests that conditions in the sector have strengthened, with output and demand showing signs of recovery as of May.

The updated data, released on 1 June 2026, will likely be watched closely by investors and policymakers as a potential sign of stabilizing momentum in the Philippine economy after April’s downturn in factory activity.