Philippine factory activity rebounds in December with PMI at 50.2

Philippine factory activity returned to growth in December, with the Purchasing Managers' Index (PMI) rising to 50.2 from 47.4 in November.

This marks the first expansion since August, indicating an improvement in the manufacturing sector.

The improvement was primarily driven by an increase in new order volumes, which had previously contracted for three consecutive months.

Following the rise in new orders, manufacturers increased their purchasing activity and the labor market showed signs of stabilizing.

Despite the positive rebound, manufacturers continue to face significant challenges due to weak export market conditions.