Philippine manufacturing expanded for the eighth straight month in September to mark the biggest growth in three months, according to results of the latest survey by S&P Global Market Intelligence.
Philippine manufacturing expanded for the eighth straight month in September to mark the biggest growth in three months, according to results of the latest survey by S&P Global Market Intelligence.
The latest performance is the fastest in three months since June 2022, and faster than the series average of 51.8. “Adding to the good news, inflationary pressures, which have been uncomfortably high in the past couple of months, moderated in the latest survey period, hinting that inflation may have peaked,” she added.
Vendor performance also continued to deteriorate, with average lead times growing to a six-month high due mainly to shipping delays and port congestion.
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