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Factory contraction deepens as demand remains subdued
The Philippine Star • Nov 4, 2026

Factory contraction deepens as demand remains subdued

Philippine manufacturing PMI declined to 49.1 in October from 49.6 in September, marking a second consecutive contraction and a six-month low. New orders and employment weakened, while purchasing activity fell at its fastest pace in 11 months. The Philippines also lagged ASEAN's ...

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