The manufacturing sector in the Philippines continued to contract in July, and at a sharper rate, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 48.4.
That's down from 49.7 in June, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, business conditions worsened as manufacturers saw a decline in production.
New orders decreased modestly amid a much sharper drop in exports. Employment declined at its sharpest pace in four months.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2161378/
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