Pascual: Higher PMI boosts pricing

By Janine Alexis Miguel

May 04, 2024 12:33 am

THE rise in the country's manufacturing purchasing managers' index (PMI) demonstrates the manufacturing sector's resilience, enabling manufacturers to price their products more competitively, a senior trade official said.

Trade Secretary Alfredo Pascual said that the April 2024 PMI aligned with the government's policies aimed at industrial growth. Latest report from S&P Global Market Intelligence showed that domestic manufacturing conditions rose to 52.2 in April from the 50.9 of March.

DEPARTMENT of Trade and Industry (DTI) Secretary Alfredo Pascual. PHOTO BY J. GERARD SEGUIA

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