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Factory activity expands at fastest pace in 5 months
The Philippine Star
|May 03, 2024
The country's manufacturing sector in April expanded at the fastest pace in five months, supported by strong demand.
S&P Global said the Philippines' manufacturing purchasing managers' index (PMI) stood at 52.2 in April, up from 50.9 in March.
A reading above 50 indicates an overall increase from the previous month, while below 50 denotes a contraction.
The PMI is based on a survey of around 400 manufacturers and takes into account the following: new orders, output, employment, suppliers' delivery times and stocks of purchases.
Esta historia es de la edición May 03, 2024 de The Philippine Star.
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