Factory output growth fastest in nearly 10 years

The Manila Times 01 Sep Philippines

PHILIPPINE manufacturing activity accelerated sharply in August, with factory output expanding at its fastest pace in more than nine years as stronger demand and new orders gave the sector a significant boost. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 54.9 in August from 51.8 in July, marking the fourth consecutive month of expansion and the strong

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