The manufacturing sector in the Philippines continued to expand in January, albeit at a slower pace, the latest survey from Nikkei showed on Thursday with a Manufacturing PMI score of 51.7.
That's down from 54.2 in December, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output and new orders slowed markedly, although optimism remained elevated.
Selling prices rose at a survey record rate as cost inflation intensified.
by RTT Staff Writer
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