Philippine manufacturing PMI contracts in April as new orders slump
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Philippine factory activity contracted in April, the first time since November, amid a sharp decline in new orders. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) slumped to 48.3 in April, a reversal from the 51.3 in March. “The Filipino manufacturing sector started the second quarter of 2026 with a renewed worsening of operating […]
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