• FACTORY ACTIVITY in the Philippines expanded for the sixth straight month in February amid a strong increase in new orders that boosted hiring, but shortages in raw materials continued to affect production, S&P Global said on Friday.
  • The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 51.0 in February from 50.9 in January. A PMI reading above the 50 mark denotes improvement in operating conditions compared to the preceding month, while a reading below 50 signals deterioration.