• Manufacturing activity in the country rose at a slower pace in January due to cooling demand.
  • In a statement yesterday, S&P Global said the Philippines’ manufacturing purchasing managers’ index (PMI) declined to 50.9 last month from 51.5 in December last year, slowing for the second straight month.
  • S&P Global said orders posted the weakest pace of growth in five months as demand softened, particularly from overseas markets.
    Production levels eased for the second successive month and registered the slowest pace of growth since August last year.