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Lockdown pushes Philippines April PMI into contraction

Lockdown pushes Philippines April PMI into contraction
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

Batangas cityMetro manilaPhilippines generalSan carlosNegros occidentalCamarines norteCavite cityBeatricem laforgaMichaell ricafortShreeya patelKinpo electronicsNational capital regionRizal commercial banking corpPhilippine manufacturing purchasing manager indexSoutheast asianSenior economist nicholas antonio

First-quarter growth gains could be wiped out by COVID surge

First-quarter growth gains could be wiped out by COVID surge
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San carlosNegros occidentalCamarines norteCavite cityMetro manilaPhilippines generalBeatricem laforgaHealth departmentPhilippine statistics authorityDepartment of finance doPhilippine manufacturing purchasing manager indexசான் கார்லோஸ்நீக்ரோஸ் தற்செயலானதுகாயிதே நகரம்மெட்ரோ மணிலாபிலிப்பைன்ஸ் ஜநரல்

New lockdown threatening economic recovery

BusinessWorld April 22, 2021 | 8:15 pm REUTERS THE new lockdown imposed on Metro Manila and nearby provinces is threatening the economic recovery, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P). “The uncertainties (as to duration and extent) arising from the new quarantine restrictions (Enhanced Community Quarantine, ECQ, as the most stringent) imposed by the government since Holy Week as COVID cases surged to new highs can sideswipe the still-fragile recovery,” FMIC and UA&P said in their April issue of The Market Call released Thursday. The new lockdown will exert upward pressure on prices, especially with supply chains disrupted again. However, it said the decline in global oil prices will temper inflation.

Metro manilaPhilippines generalBeatricem laforgaPsei philippine stock exchangeUniversity of asiaFirst metro investment corpCommunity quarantineFirst metro investmentEnhanced community quarantineHoly weekMarket callPhilippine stock exchangePhilippine manufacturing purchasing manager indexOverseas filipino workerமெட்ரோ மணிலாபிலிப்பைன்ஸ் ஜநரல்

Factory activity expansion dips in March

April 6, 2021 | 12:34 am Font Size REUTERS PHILIPPINE manufacturing activity continued to expand in March albeit at a slower pace than the previous month due to a softer rise in new orders, a survey conducted by IHS Markit showed. The Philippine Manufacturing Purchasing Managers’ Index (PMI) in March stood at 52.2, inching down from the 52.5 posted in February but still above the neutral 50 mark that separates growth from contraction. This also marks the third straight month of expansion. New orders rose slightly in March, and still weaker than the long run average, IHS Markit said. “The Philippines manufacturing sector ended the first quarter on a positive note with a modest expansion recorded in March. Promisingly, output volumes rose despite a moderation in new order growth. Meanwhile, employment levels fell only marginally with anecdotal evidence suggesting that this was mostly voluntary, and not due to cost-cutting efforts at firms,” Shreeya Patel, economist

Metro manilaPhilippines generalRepublic ofSan carlosNegros occidentalCamarines norteCavite cityShreeya patelLewis cooperLuz wendyAssociation of southeast asian nationsPhilippine manufacturing purchasing manager indexSoutheast asian nationsSenior economist nicholas antonioInter agency task forceEmerging infectious diseases

Recovery outlook turns cautious on laggard construction activity

March 9, 2021 | 7:34 pm Font Size PHILSTAR THE RECOVERY this year will likely be slower than expected due to a delayed pickup in construction activity, according to a joint report issued by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P). “We have turned more cautiously optimistic about a quick economic recovery in 2021 as institutional/structural factors would likely slow down the rebound, even though the industry will shine,” FMIC and UA&P Capital Markets Research said in its Market Call report released Tuesday. The construction sector will likely remain a laggard in the first half, with small contractors still struggling financially while demand remains muted, it said. Activity is expected to pick up in the second half ahead of the 2022 national elections.

Karl kendrickt chuaBeatricem laforgaUniversity of asiaFirst metro investment corpUap capital markets researchFirst metro investmentCapital markets researchMarket callPhilippine manufacturing purchasing manager indexSocioeconomic planning secretary karl kendrickபல்கலைக்கழகம் ஆஃப் ஆசியாமுதல் மெட்ரோ முதலீடு கார்ப்உஅப் மூலதனம் சந்தைகள் ஆராய்ச்சிமுதல் மெட்ரோ முதலீடுமூலதனம் சந்தைகள் ஆராய்ச்சிசந்தை அழைப்பு