Asia
ECONOMY | Staff Reporter, Philippines
view(s)

Philippine PMI inches up to 50.8 in September

It was the second weakest in recorded history.

Slower growth in Philippine manufacturing persisted as overall Purchasing Managers' Index (PMI) rose only to 50.8 in September from 50.6 in August, the second lowest in survey history.

According to IHS Markit, order book gains continued to underwhelm despite growth in exports, which weigh on hiring.

However, business optimism remains up and encouraged companies to step up purchasing activity in view of future higher sales.

Cost pressures also went up, causing companies to hike prices in order to protect their margins.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.