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Financial News: Philippines Manufacturing PMI Eases To 51.4 In November

Philippines Manufacturing PMI Eases To 51.4 In November

12/01/2019 - 20:50:00 (RTTNews)

(RTTNews) - The manufacturing sector in the Philippines continued to expand in November, albeit at a slower pace, the latest survey from IHH revealed on Monday with a manufacturing PMI score of 51.4.

That's down from 52.1 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production levels rose at their weakest pace since April, while new orders grew at a solid but slower rate.

Employment stagnated after four straight months of solid job creation.

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