MANILA  -The manufacturing sector in the Philippines ended in August a two-year expansion run, but many firms are gearing up for the yearly fourth-quarter sales boom, according to S&P Global. The company's Philippines PMI or purchasing managers index read at 49.7 in August, which signaled a contraction. A PMI — which is based on a monthly survey of managers — of above 50 means an overall increase (more positive responses than negative) while less than 50 means an overall decrease (more negative answers than positive).

https://business.inquirer.net/418636/ph-manufacturing-sector-ends-2-years-of-growth

#inquirer