December 02, 2024 01:40 GMT
PHILIPPINES: PMI Up will be Pleasing to BSP.
PHILIPPINES
- Philippines’s S&P Global PMI Manufacturing release today rose to 53.8 for November, from 52.9 in October.
- This marks the highest reading since June 2022.
- Output increases to 54 from 52 the month prior.
- Yet new orders were down.
- The Philippines Central Bank were early movers this year in terms of rates and having cut rates twice in 2024 will likely be please to see manufacturing on an improving trend.
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