Slow start to 2019 for PH manufacturinghome/Business/Top Business/Slow start to 2019 for PH manufacturingThe country’s manufacturing sector posted a sluggish start to 2019, an IHS Markit/Nikkei survey found, with output growth easing and employment falling in January amid a sharp rise in orders. The PMI, an indicator of the sector’s health, is determined via monthly surveys sent to senior company executives regarding new orders, output, employment, suppliers’ delivery time and stocks. “January data suggested a slow start to the year for Filipino manufacturers,” IHS Markit Economist David Owen said in a statement. “Export orders fell for the fifth month in a row, as China, their top export destination, reported slower growth during 2018. “Employment at Filipino manufacturing firms fell marginally in January, as the seasonally adjusted Employment Index dipped below the 50.0 neutral threshold,” Nikkei said.

Source: Manila Times February 01, 2019 17:48 UTC