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Updated · magzter.com · Jun 1Philippine Manufacturing PMI Rebounds to 50.8 in May as Domestic Demand Lifts Output
13 articles · Updated · magzter.com · Jun 1
- Philippine factory activity returned to expansion in May, with S&P Global’s manufacturing PMI rising to 50.8 from April’s 48.3.
- Stronger domestic demand drove the rebound, lifting both output and new orders after the sector contracted a month earlier.
- Middle East conflict still strained supply chains and pushed up costs, showing external pressures continued even as operating conditions improved.
Philippine manufacturing expands, yet jobs see the sharpest drop in two years. Is this a real recovery or a statistical illusion? With a national energy emergency, can the manufacturing rebound survive soaring costs without crushing consumers with higher prices?