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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.

- LOUELLA DESIDERIO

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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