Manufacturing posts further gains in April

May 03, 2024 12:32 am

DOMESTIC manufacturing conditions continued to improve last month, S&P Global Market Intelligence reported on Thursday, driven by increased output and stronger order growth.

The Philippine Purchasing Managers' Index (PMI) for the sector rose to 52.2 for April, up from March's 50.9. Results above 50 point to growth, while those below indicate a contraction.

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