PH factory output accelerates in May

Jun 02, 2023 12:58 am

DOMESTIC manufacturing conditions improved in May with a key measure rebounding from an eight-month low, S&P Global Market Intelligence reported on Thursday.

At 52.2, the Philippine purchasing managers' index (PMI) rose from April's 51.4. PMI readings above 50 indicate an expansion while those below point to a contraction.

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