The local manufacturing output made a sharp U-turn last month due to tighter lockdown restrictions amid efforts to control the country’s worst coronavirus surge, the latest monthly survey of IHS Markit revealed. The IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI) dropped below the 50.0 neutral threshold in April, ending its three consecutive months of ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/03/factory-output-contracts-anew-in-april/?utm_source=rss&utm_medium=rss&utm_campaign=factory-output-contracts-anew-in-april)