In October, the Philippines' manufacturing sector grew, with a PMI of 52.9, amid job creation and challenges.

In October, the Philippines' manufacturing sector showed strong growth, with a Purchasing Managers' Index (PMI) of 52.9, the second-highest since January 2023. This marked 14 months of improvement, driven by increased new orders and the strongest job creation in over seven years. However, challenges like material shortages and a weakening peso led to rising input prices. Despite these issues, many firms remain optimistic about future expansion.

November 04, 2024
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