Hanoi (VNA) - The Purchasing Managers’ Index (PMI) of the Philippines in manufacturing roseto 52.3 points in February from 52.1 last January in spite of the COVID-19 outbreak, according to London-based global informationprovider IHS Markit Ltd (IHS Markit).
In its report released on March 2, IHS Markit also mentioned growth in thenumber of new orders, exports and labour recruitment activities in theSoutheast Asian nation in February.
It said that the Philippines led other ASEAN countries in PMI inmanufacturing industry in the reviewed period, followed by Indonesia with 51.9points. Meanwhile, Thailand and Malaysiawitnessed decreases in PMI in February, reaching 49.5 points and 48.5 points,respectively.
According to IHS Markit, businesses inthe Philippines are still optimistic about production and business activitiesin the next 12 months, with positive forecasts for growth, sales and plans toexpand business and production./.
In its report released on March 2, IHS Markit also mentioned growth in thenumber of new orders, exports and labour recruitment activities in theSoutheast Asian nation in February.
It said that the Philippines led other ASEAN countries in PMI inmanufacturing industry in the reviewed period, followed by Indonesia with 51.9points. Meanwhile, Thailand and Malaysiawitnessed decreases in PMI in February, reaching 49.5 points and 48.5 points,respectively.
According to IHS Markit, businesses inthe Philippines are still optimistic about production and business activitiesin the next 12 months, with positive forecasts for growth, sales and plans toexpand business and production./.
VNA
