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Financial News: Philippines Manufacturing Sector Slows In June - Nikkei

Philippines Manufacturing Sector Slows In June - Nikkei

07/01/2018 - 21:24:00 (RTTNews)

(RTTNews) - The manufacturing sector in the Philippines continued to expand in June, albeit at a slower rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 52.9.

That's down from 53.7 in May, although it remains above the boom-or-bust line of 50 that separates expansion of contraction.

Individually, there were slower rises in both output and new orders.

Employment levels were broadly steady, while inflationary pressures remained strong.

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