Financial News: Philippines Manufacturing Sector Accelerates In November -

Philippines Manufacturing Sector Accelerates In November - S&P Global

12/01/2024 - 20:15:00 (RTTNews)

(RTTNews) - The manufacturing sector in the Philippines continued to expand in November, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 53.8.

That's up from 52.9 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Manufacturers eagerly anticipated a sales boost in the months ahead, prompting a notable ramp-up in production during the latest survey period, with growth accelerating from October.

A portion of this production was directed towards supporting the growth of current new sales. Demand conditions improved for the fifteenth straight month. While the pace of increase moderated to a three-month low, it remained solid and historically strong.

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