The manufacturing sector in the Philippines continued to expand in November, although at a slightly slower rate, the latest survey from Nikkei showed on Thursday with a still robust PMI score or 56.3.
That’s down from 56.5 in October, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, total output and new orders advanced at slower rates, although growth in export orders accelerated.
Firms stepped up their staff hiring and purchasing activity, while charge inflation persisted as input prices continued to increase.
The material has been provided by InstaForex Company – www.instaforex.com