FX.co ★ Philippines Manufacturing Momentum Builds as S&P Global PMI Rises to 54.6 in February

The Philippines’ manufacturing sector strengthened in February 2026, with the S&P Global Manufacturing PMI rising to 54.6 from 52.9 in January 2026. The improvement signals a faster pace of expansion for the country’s factory sector, as readings above 50 indicate growth in business conditions.

The latest data, updated on 2 March 2026, suggest that Philippine manufacturers are experiencing more robust operating conditions compared with the start of the year. The acceleration from January’s level points to healthier demand and increased production activity, underscoring growing momentum in the industrial side of the economy.