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Phl factory activity falls to lowest level in November
The Freeman
|December 02, 2025
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.
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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.”
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