The Philippines Manufacturing Purchasing Managers’ Index (PMI) fell to 50.0 in January this year from 51.8 in the last month of 2021 as the local manufacturing sector struggled due to repercussions of typhoon Odette, paired with stricter movement controls amid rising coronavirus cases, the IHS...
Operating conditions in the local manufacturing sector strengthened moderately in December, supported by the first monthly expansion in output for nine months, the IHS Markit reported. The IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI) rose fractionally to 51.8 last month...
The Philippine manufacturing sector last month recorded the strongest expansion in seven-months despite substantial production delays due to raw material shortages and poor transportation conditions, according to the latest IHS Markit data. The IHS Markit reported on Tuesday, Nov. 2, that the...
Just a few days ago, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a cash bond amounting to P70,000/unit...
The local manufacturing sector registered a seven-month high in September this year amid easing community quarantine restrictions in the country, the latest monthly survey of IHS Markit revealed. The Philippines Purchasing Managers' Index (PMI) increased to 50.1 last month, its highest reading...