Philippine factory activity contracted in September

MANILA, Philippines —

Philippine factory activity slipped in September, breaking from the broader regional trend and marking an uncommon stumble in the country’s post-pandemic recovery after domestic demand had faltered.

A monthly survey of about 400 firms showed the Purchasing Managers’ Index (PMI)—a key barometer of manufacturing health—fell to 49.9 from 50.8 in August, according to S&P.
https://business.inquirer.net/550242/ph-factory-activity-contracted-in-september

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