Philippines' July factory output rises

MANILA (Philippine Daily Inquirer/ANN): Manufacturing grew for the second straight month, although softer in July amid a prolonged pandemic, which continued to diminish both domestic and global demand.

London-based global information provider IHS Markit Ltd. on Monday reported the Philippines’ purchasing managers’ index (PMI) last month eased to 50.4 from 50.8 in June, even as it remained above the 50 level, which meant year-on-year expansion in manufacturing activities.