Phl factory activity falls to lowest level in November

Philippine factory activity deteriorated in November, posting the sharpest downturn in more than four years as manufacturers saw drastic decline in output and new orders, according to S&P Global.

- 

The Philippines Manufacturing Purchasing Managers’ Index (PMI) slumped to 47.4 in November, a reversal of the 50.1 in October.

S&P Global said this was the “strongest deterioration in operating conditions across the Filipino manufacturing sector since August 2021.”