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The Sales Managers Index: Philippines

Released: December 20, 2016


Philippines Economy Grows Rapidly in Q4

  • Philippines annualised GDP growth for Q4 likely to stay above 7%
  • Sales and Market Growth Indexes continue at very high levels
  • Price rises remain strong with inflation maintaining recent rise

The Philippines Sales Managers Index (SMI) for December suggests that the rate of growth in the economy has increased from the annual GDP growth rate of 7.1% reported in Q3. The Headline Sales Managers’ Index signalled a sustained and fast rate of growth across the country in December. The Market Growth Index remained stable at 76.3 the joint highest monthly value since June 2015 and representative of increasing GDP growth rates. Inflation rates remain solid with little change reported in the price of goods and services during the month. Business Confidence levels continued to remain very high.



Market Growth Index



Staffing Levels Index




Sales Managers' Index Trends

  Direction Speed
SMI Growing Fast
Business Confidence Growing Very fast
Market Growth Growing Fast
Sales Output Growing Very fast
Prices Charged Growing Very strong
Staffing Levels Growing Very fast




Prices Charged Index




About Philippines SMI Data



The Sales Managers' Index provide the earliest monthly data on the speed and direction of Philippines economic activity.

Key advantages of The Philippines SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in The Philippines.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.

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