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Factory activity eases in March
The Philippine Star
|April 02, 2024
The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages.
A purchasing managers' index (PMI) reading above 50 means an overall increase compared to the previous month, while below 50 denotes a contraction.
Generated from a survey of around 400 manufacturers, the Philippines manufacturing PMI considers the following: new orders, output, employment, suppliers' delivery times and stocks of purchases.
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