PH manufacturing extends growth run

By Eireene Jairee Gomez

Dec 02, 2022 12:20 am

FACTORY output expanded at a faster pace in November on the back of greater domestic demand, S&P Global said on Thursday.

At 52.7, the country's latest purchasing managers' index (PMI) was up slightly from October's 52.6. Readings above 50 indicate gains while those below point to a decline.

Early Christmas shoppers flock to Tabora Street in Binondo, Divisoria, Manila, on 27 November 2022. Vendors said that shoppers prefer to buy Christmas toys for gifts early to avoid the rush and high prices. (PHOTO: MIKE ALQUINTO)

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