PH manufacturing growth rises in Mayhome/Business/Top Business/PH manufacturing growth rises in MayManufacturing companies in the country saw their operations improve last month as the accelerated growth in new orders encouraged businesses to increase production, an IHS Markit/Nikkei survey found. “Filipino goods producers reported an improved picture in May, as output growth strengthened amid a sharper increase in new orders,” IHS Markit economist David Owen said. New orders received by manufacturing firms were the highest in four months, although they were still weaker than the series average. According to IHS Markit/Nikkei, supply-side pressures also continued to ease during the month as lead times on inputs shortened. This, IHS Markit/Nikkei said, was due to the growth in new orders, both domestically and overseas, and new stores and product launches.

Source: Manila Times June 03, 2019 16:30 UTC