Gov’t ups procurement of Pinoy-made products

“We were all concerned that the manufacturing PMI [purchasing managers’ index] has gone down. But thankfully, we have [TPS]. And one of the pillars that we know is the government procurement,” said Edillon.

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S&P Global earlier reported that the country’s manufacturing PMI slipped to 47.4 in November, the worst performance since August 2021.

PMI is a barometer of manufacturing activity, with a reading below 50 indicating contraction and a reading above 50 signaling expansion.

“The government delivers a lot of public goods and public services, and most of these can make use of locally produced products,” noted Edillon.