‘New gov’t must continue reforms’ In an economic bulletin, the department echoed the sentiment of Economic Planning Secretary Karl Kendrick Chua about the importance of “policy continuity.” Read more👇
In an economic bulletin, the department echoed the sentiment of Economic Planning Secretary Karl Kendrick Chua about the importance of “policy continuity.”
The country’s total external merchandise trade in February 2022 stood at $15.8 billion, up 18.1 percent from the same month last year. The latest Manufacturing Purchasing Managers’ Index available from S&P Global was recorded at 53.2 for March 2022, indicating continued expansion in the manufacturing sector. This was the highest recorded level since December 2018, and manufacturing PMI has stayed at or above 50 since September last year.
Data showed the first-quarter expansion was the strongest in the past three quarters, or since the 12.1-percent growth in the second quarter last year. The expansion in the first three months was also significantly stronger than the 7.8-percent expansion in the fourth quarter of 2021.
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