Manufacturing slowly expanded in October

By Eireene Jairee Gomez

Nov 03, 2022 12:26 am

DOMESTIC manufacturing activity continued to expand in October but at a pace slower than the previous month, S&P Global reported on Wednesday.

At 52.6, the Philippines' latest purchasing managers' index (PMI) was down slightly from September's 52.9. The result remains positive, however, as readings above 50 indicate gains.

WEAVING PH FLAG. A woman interlaces threads as she weaves the color of the Philippine flag at Easter Weaving Inc. along Easter Road, Guisad in Baguio City on Monday (Oct. 17, 2022). Easter Weaving Inc. has been a thriving manufacturer, retailer, and exporter of indigenous textiles based in Baguio City. (PNA photo by Joey O. Razon)

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