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Philippines Manufacturing PMI Sinks In July - Markit Economics

The manufacturing sector in the Philippines continued to contract in July, and at a sharper rate, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 48.4.

That's down from 49.7 in June, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, business conditions worsened as manufacturers saw a decline in production.

New orders decreased modestly amid a much sharper drop in exports. Employment declined at its sharpest pace in four months.

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