By Justine Irish D. Tabile, Senior Reporter
PHILIPPINE manufacturing activity expanded at its fastest pace in nearly a decade in August, driven by stronger new orders and improved production efficiency, S&P Global said.
The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) improved to 54.9 in August from 51.8 in July. This was the manufacturing sector’s fastest growth since December 2016.
August also marked the fourth straight month of PMI expansion.
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