By Justine Irish D. Tabile, Senior Reporter
PHILIPPINE FACTORY activity continued to expand in June amid stronger output and new orders, S&P Global said on Wednesday.
S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) inched up to 50.9 in June from 50.8 in May, signaling a second consecutive month of modest improvement in operating conditions across the country’s goods-producing sector.
A PMI reading above 50 denotes better operating conditions than in the preceding month, while a reading below 50 shows deterioration.
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