IKOT.PH
Fresh off a 25-month high in January, the Philippine manufacturing sector output remained steady in February, according to a survey conducted by IHS Markit. The Purchasing Manager’s Index (PMI) for the country sustained its figure at 52.5, still above the benchmark of 50 that distinguishes expansion from contraction. IHS Markit said operations inched up […]
The Philippine Manufacturing Purchasing Managers’ Index (PMI) increased from 49.2 in December 2020 to 52.5 in January 2021, posting above the 50.0 neutral mark separating expansion from contraction. January PMI data is the highest in 25 months, even prior to the pandemic, signaling improving manufacturing conditions and indicating the start of recovery of the sector. […]
Manufacturing facilities allowed to operate during the enhanced community quarantine in Luzon are encouraged to shut down their factories to further limit the movement of people. In a press briefing in Malacañang Palace recently, Trade Secretary Ramon Lopez appealed to factories with one to two months inventory in their warehouses to stop their operations during […]