MANILA, Philippines--Manufacturing growth improved for the third straight month in July amid higher domestic sales that offset weak exports, the latest IHS Markit Philippines Manufacturing Purchasing Managers' Index (PMI) released Thursday showed. The seasonally adjusted PMI further rose to 52.1 last month from 51.3 in June, which global research firm IHS Markit said was the strongest monthly reading so far this year. A PMI score above 50 meant there was an overall increase in manufacturing activity. "Filipino manufacturers saw a stronger improvement in business conditions in July, as sales growth reached a six-month high and enabled a solid increas...
Keep on reading: PH manufacturing growth improved for 3rd straight month in July
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