PHILIPPINE MANUFACTURING activity continued to expand in July, posting modest growth as stronger demand offset rising input costs, S&P Global said.
The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) edged up to 51.8 in July from 50.9 in June, marking a third straight month of expansion.
A PMI reading above 50 signals an improvement in operating conditions from the previous month, while a reading below 50 shows a deterioration.
“Though the latest reading pointed to only a modest improvement in the health of the Filipino manufacturing sector, it marked a welcome shift from the subdued performance seen between March and June,” S&P Global said.
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