Manufacturing growth slows to 9-month low

GROWTH in the country’s manufacturing sector fell to a nine-month low in April as output slowed and new export orders dropped, a IHS Markit/Nikkei survey found.

Results of the poll released on Thursday showed that the seasonally adjusted Philippines Manufacturing Purchasing Managers’ Index (PMI) fell to 50.9 last month from 51.5 in March. The current figure is the same recorded in July 2018.