PH manufacturing growth steady in August — S&P Global

PH Manufacturing Berita

PH manufacturing growth steady in August — S&P Global
S&P GlobalPh Economy
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The Philippine manufacturing sector expanded anew in August, albeit at the same rate in July and posting only modest improvement, results of the latest survey conducted by S&P Global released on Monday showed.The headline S&P Global Philippines Manufacturing PMI stood at 51.2 in August. A reading above the 50.0 threshold indicates an expansion, while levels below indicate a contraction.“The Filipino manufacturing sector showed sustained and modest gains midway through the third quarter.

The survey found that inflationary pressures were curbed further in August, with input costs up moderately while selling prices were raised at a softer and slight pace.Firms also recorded longer lead times for inputs, with vendor performance down for the fourth straight month.Moving forward, Rizal Commercial Banking Corp.

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