PH manufacturing accelerates in May

Jun 02, 2018 12:58 am

THE Philippine manufacturing sector continued to gain momentum in May, an IHS Markit/Nikkei survey found, as improving demand conditions pushed the Purchasing Managers’ Index (PMI) to its highest in five months.

Results released on Friday showed a seasonally adjusted PMI of 53.7 for the month, a jump from April’s 52.7.

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