PH factory output slips to 5-mo low

GROWTH in the country’s manufacturing sector “softened” in November as production and new orders increased at a weaker pace and employment levels failed to improve, according to an IHS Markit survey.

Results of the poll released on Monday showed that the seasonally adjusted manufacturing Purchasing Managers Index (PMI) slowed to 51.4 last month from 52.1 in October. The latest figure is also the lowest since June’s 51.3.