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Corruption fallout reflected in November PPI reading
Business World Philippines
|December 03, 2025
THE fallout from the corruption scandal shows up in the dismal purchasing managers’ index (PMI) reading for November, indicating weakening investor confidence and stalled plans to increase output, the Federation of Philippine Industries (FPI) said.
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“Globally, corruption controversies are known to undermine investor trust, delay expansion plans, and possibly raise financing costs, and the Philippines has not been immune to these pressures,” the FPI said in a statement.
The group said other factors dragging down the PMI were falling export orders, and adverse weather.
On Monday, S&P Global's Philippine Purchasing Managers’ Index for manufacturing slumped to 474 in November from 50.1 in October. This was the weakest reading since the 46.4 posted in August 2021.
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