Philippines manufacturing conditions stabilize in October By Investing.com
Update: 2025-11-03
Description
Manufacturing in the Philippines: A Mixed Bag of Steady Growth and Lingering ChallengesThe Philippines' manufacturing sector showed a slight uptick in October, with the PMI inching above the growth-contraction line at 50.1. However, beneath the surface, signs of trouble emerged. New orders, both domestic and international, continued to decline, with export orders shrinking at the fastest pace in a year. Companies attributed the slowdown to soft demand, bad weather, and wrapping up older product lines. Despite reduced material purchases and stagnant inventory, businesses managed to hire new workers and cut prices for the first time in over a year and a half. As the year draws to a close, the manufacturing sector remains cautiously optimistic, hoping for a stronger recovery if demand trends improve.
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