PH factory growth slows as orders ease

Jul 02, 2024 12:36 am

A SLOWDOWN in new orders weighed on domestic manufacturing growth in June, S&P Global said on Monday, but industry conditions remained positive.

The country's Purchasing Managers Index (PMI) slipped to a three-month low of 51.3, down from 51.9 in May, but remained above the 50.0 mark that indicates an expansion.

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