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A gauge of manufacturing growth in the Philippines fell to a three-month low in June 2024 on weak demand, according to a survey by S&P Global.
“Propping up the manufacturing sector was the sustained rise in production levels. Output rose solidly and at the strongest pace in six months,” it said. “Additionally, foreign demand for Filipino manufactured goods also eased on the month. The rate of growth in new export orders slowed from May’s recent high, to a three- month low,” S&P said.
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