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Financial News: Philippines Manufacturing PMI Slows In April - Nikkei

Philippines Manufacturing PMI Slows In April - Nikkei

05/01/2017 - 21:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in the Philippines continued to expand in April, albeit at a slower pace, the latest survey from Nikkei showed on Tuesday with a manufacturing PMI score of 53.3.

That's down from 53.8 in March, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, there was slower growth in output, new orders and employment.

Export sales increased at the lowest rate in 14 months, while elevated cost inflation caused firms to raise prices again.

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