PHILIPPINE manufacturing activity continued to expand in January, albeit at the slowest pace in five months, S&P Global said on Monday.
The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) stood at 52.3 in January, easing from the 54.3 logged in December 2024. This was the lowest PMI reading in five months or since the 51.2 reading in August 2024.
In its report, S&P Global said the PMI reading signaled a “solid improvement” in manufacturing conditions in the Philippines.
A PMI reading above 50 denotes better operating conditions than in the preceding month, while a reading below 50 shows a deterioration.
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