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Financial News: Philippines Manufacturing Sector Picks Up Steam

Philippines Manufacturing Sector Picks Up Steam

05/31/2018 - 21:17:00 (RTTNews)

(RTTNews) - The manufacturing sector in the Philippines continued to expand in May, and at a faster rate, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 53.7.

That's up from 52.7 in April, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were faster rises in output, new orders and inventories.

Purchasing activity increased at a stronger pace, while cost pressures intensified.

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