The country’s manufacturing growth fell to an eight-month low in April 2023 as new orders declined during the month, results of the latest survey conducted by S&P Global released on Monday showed.
The country’s manufacturing growth fell to an eight-month low in April as new orders declined during the month, results of the latest survey conducted by S&P Global released on Monday showed.
“Furthermore, the data suggested a shift in demand patterns as new export orders grew at the fastest rate in nearly two years and helped support the upturn in total new sales,” she added. Official inflation figures are set to be released by the Philippine Statistics Authority on Friday, May 5, with the central bank. This is lower than the 7.6% print in March, but still above the 2.0% to 4.0% target.
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