By Aubrey Rose A. Inosante, Reporter
PHILIPPINE manufacturing expanded for a 14th month in a row in October, but the pace of growth slowed month on month amid a softer rise in new orders and output, S&P Global said on Monday.
At the same time, manufacturing firms ramped up hiring, with job creation hitting an 88-month high.
The S&P Global Philippine Manufacturing Purchasing Managers’ Index (PMI) stood at 52.9 in October, slowing from the 27-month high of 53.7 in September. This was the second-fastest reading since January 2023.
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