Philippines Manufacturing Sector Picks Up Steam In June - S&P Global
(RTTNews) - The manufacturing sector in the Philippines accelerated in June, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.7.
That's up from 50.1, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
New orders received in the Filipino manufacturing sector rose further in June. The pace of growth was slightly stronger than that recorded in the previous month, although it remained below the long-run survey average.
Anecdotal evidence attributed this latest uptick to successful customer acquisitions, improving underlying demand trends, and effective promotional efforts. This upswing in new orders was sufficiently robust to push production levels back into expansion territory, albeit only fractionally.
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