Manufacturing showed signs of growth slowdown in May

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The Philippine manufacturing sector showed signs of a slowdown in May 2024, according to a survey by S&P Global.

“However, firms struggled to maintain their workforce numbers with job shedding noted for the first time in five months,” he said. “Subdued inflationary pressures and a further improvement in the demand picture indicates that economic growth will likely be sustained in the coming months. Reflecting positive sentiment, optimism picked up to a nine-month high,” Baluch said.

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MlaStandard /  🏆 20. in PH

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