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Philippines Manufacturing PMI Moves To 50.1 In September - IHS Markit

The manufacturing sector in the Philippines moved into expansion in September, the latest survey from IHS Markit showed on Thursday with a manufacturing PMI score of 50.1.

That's up from 47.3 in August, and it moves above the boom-or-bust line of 50 that separates from expansion.

Individually, new orders expanded for the first time since February, while production declined only marginally. Business sentiment improved to a seven-month high.

Production volumes fell for the third month running in September, with firms often indicating that ongoing COVID-19 restrictions continued to hamper activity.

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