Philippines Manufacturing Sector Slows In January - S&P Global
(RTTNews) - The manufacturing sector in the Philippines continued to expand in January, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 52,3
That's down from 54.3 in December, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
In January, demand for Filipino goods continued to improve, although the pace of expansion in new business experienced a slight slowdown from the recent high recorded in December.
Nevertheless, the rate of expansion in intakes of new orders remained historically robust, as firms reported that strong client demand and the acquisition of new customers drove increased sales. The solid underlying demand trends contributed to a further rise in manufacturing output.
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