PH factory activity slows anew

DOMESTIC factory activity remained positive at the start of 2024 but slowed for a second month running, S&P Global Market Intelligence reported on Thursday.

The manufacturing purchasing managers’ index (PMI) fell to 50.9 in January, down from December’s 51.5 that had eased from the prior month’s 52.7. PMI readings above 50 point to growth, while those below indicate a contraction.

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