The Philippine manufacturing sector expanded sooner than the earlier month for the third time in a row with the S&P International Philippines Manufacturing PMI (buying managers index) hitting a seven-month excessive of 53.5 in January from 53.3 in December.
S&P International stated in its newest month replace that, sadly, the rev up in enterprise wants didn’t absolutely translate into a better consumption of staff.
Hiring exercise throughout the manufacturing sector within the Philippines remained weak as layoffs and resignations offset job creation.
S&P International stated the January consequence confirmed sturdy features kicking off the 12 months as companies raised their output ranges and sharply bumped up their…
Carry on studying: PH manufacturing expands for third straight month