Manila Times Business
PH factory activity returns to growth
PHILIPPINE manufacturing activity rebounded in May amid stronger domestic demand that boosted both production and new orders. S&P Global’s Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 50.8 in May from 48.3 in April, climbing past the 50-point threshold that separates expansion from contraction. While the latest reading signaled an improvement in operating conditions, S&P noted that the pace of growth remained modest by historical standards. “The latest PMI
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