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Philippines Manufacturing Sector Accelerates In February - S&P Global
(RTTNews) - The manufacturing sector in the Philippines continued to expand in February, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 51.0.
That's up from 50.9 in January and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
New orders rose further as underlying demand conditions improved in February, with the rate of growth quickening from January. Additionally, the upturn in new factory orders was also supported by a renewed rise in export sales.
While the rate of expansion in new export orders was fractional overall, it marked the first month since last November whereby foreign demand for Filipino manufactured goods improved.
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