Philippine manufacturing PMI inches up in June

The Philippine manufacturing sector showed a slight rebound in June, with its Purchasing Managers' Index (PMI) rising to 50.7, indicating a modest improvement from May's 50.1.

Despite the overall subdued performance, there were pockets of strength, including a revival in employment which was the first in four months.

Production levels also increased in June, reversing the decline seen in May, driven by improved demand and a faster pace of new orders.

However, export growth remained stalled, and supply-side issues like delayed deliveries and material shortages continued to affect production capacity.