Philippine S&P Global Manufacturing PMI (Jan) 52.9 (Prev. 50.2)

Newsquawk Staff · 2 Feb 2026, 00:50 UTC

What it means

The Philippine S&P Global Manufacturing PMI rising to 52.9 from 50.2 indicates a significant expansion in the manufacturing sector, suggesting stronger growth momentum. This uptick could positively influence sentiment in both local equities and the peso, as it reflects improving economic conditions and may provide the central bank with more flexibility regarding future rate adjustments.

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APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
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