BISELCO Awards 15-Year Power Supply Deal To CIPC To Strengthen Palawan’s Energy Security

BISELCO has awarded a 15-year power supply deal to CIPC, aimed at enhancing Palawan’s energy security.

Vivant Hits Record PHP2.3 Billion Core Net Income In 2024 Amid Strong Growth

Vivant Corporation reports a remarkable 20% increase in consolidated core net income for 2024, reaching Php 2.3 billion.

ASUS Zenbook A14: The Lightest Zenbook AI Laptop Is In The Philippines

The Zenbook A14 is setting new standards in the world of lightweight laptops with its remarkable design. #PAGEONExASUS

GALLANT: Inspiring Local Champions, Awakening Global Potential

GALLANT is here to inspire local champions and awaken global potential. The time to step up is now.

Philippine Factories Record Positive Score In June

The S&P Global Manufacturing PMI report shows Philippine factories recorded positive performance in June.

Philippine Factories Record Positive Score In June

714
714

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Performance of Philippine factories in June recorded a positive score, the S&P Global Manufacturing Purchasing Managers’ Index (PMI) reported Monday.

Philippine manufacturing PMI in June stood at 51.3, easing from 51.9 in May.

“Strong improvements in demand trends earlier in the second quarter allowed manufacturing firms to raise their production volumes at a solid and sustained rate in June,” S&P Global Market Intelligence economist Maryam Baluch said in a statement.

In the previous month, output and purchasing activity of manufacturers accelerated their pace.

Meanwhile, new orders and hiring activity slowed down last month.

Baluch said the cooling in demand conditions suggests weaker output as the industry moves into the second half of 2024.

“Future expectations also retreated, further alluding to softening sentiment in the outlook. However, inflationary pressures remained in check, despite a renewed rise in operating costs. Relatively soft and subdued upticks in costs and charges could help the sector generate demand in the coming months,” she said.

Indices above the neutral score of 50 mean stronger Philippine factories’ performance while those below 50 mean deterioration. (PNA)