By Justine Irish D. Tabile, Senior Reporter
PHILIPPINE manufacturing activity rose to a five-month high in July, as production and new orders grew at the fastest pace since February, S&P Global said.
The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) improved to 51.8 in July from 50.9 in June.
July also marked the third straight month of expansion, in line with the long-run average.
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