India, March 1 -- The manufacturing sector in the Philippines continued to expand in February, and at a faster pace, the latest survey from S&P Global revealed on Monday with a Purchasing Manager Index score of 54.6.
That's up from 52.9 in January and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Driving the rise in the headline index was a stronger expansion in output in February. Manufacturing companies in the Philippines noted that sustained growth in new orders led them to increase their production levels. Output increased for a second month running, with the latest uptick in fact the fastest since November 2018.Similar to production, the latest rise in order book volumes across the Fili...