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Philippines Manufacturing Sector Ebbs In January - S&P
(RTTNews) - The manufacturing sector in the Philippines continued to expand in January, albeit at a slower rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 50.9.
That's down from 51.5 in December, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
A cooling demand environment, especially from overseas markets, led to factory orders rising only fractionally in January, and at the weakest pace in the current five-month sequence of growth.
In line with softer demand conditions, manufacturing companies in the Philippines raised their production levels at a historically subdued rate.
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