Philippines Manufacturing Sector Slows In February - Nikkei

The manufacturing sector in the Philippines continued to expand in February, albeit at a slower rate, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 51.9.

That's down from 52.3 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new order growth was at its weakest in seven months but export orders rose for the first time since August.

Output and employment both increased at manufacturers, although stocks of finished goods fell for the first time in eight months during February.

News are provided by InstaForex