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Philippines Manufacturing Sector Picks Up Steam - Nikkei

The manufacturing sector in the Philippines continued to expand in October, and at a faster rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 54.0.

That's up from 52.0 in September, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were sharp rises in output and new orders, while output price inflation was at a record high.

However, delivery times were lengthened by congestion in the shipping ports.

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