Manufacturing PMI hits 29-mo high

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PHILIPPINE manufacturing activity continued to improve in November as manufacturers boosted production in anticipation of stronger sales, S&P Global said on Monday.

The purchasing managers’ index (PMI) for the sector rose to a 29-month high of 53.8, up from October’s 52.9. The indicator rose for a 15th straight month and was also the most marked since mid-2022, S&P Global said.

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