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Material shortages clipped Philippine factory output in March

By Inquirer - 8 months ago
MANILA — Philippine manufacturing output contracted for the first time since July 2022 as factories grappled with material shortages that hampered production. A monthly survey of 400 companies showed the Philippines’ Purchasing Managers’ Index (PMI), a gauge of the manufacturing sector’s health, was broadly unchanged at 50.9 in March from 51.0 in February, S&P Global

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