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Nikkei PMI

Philippines manufacturing PMI increases for the first time in 6 months

TOKYO -- The Philippines manufacturing sector showed modest yet stronger improvement in May, with accelerating new order growth pushing output as well as input purchases at a greater rate.

The Nikkei Philippines Manufacturing Purchasing Managers' Index, or PMI, rose to 51.2 in May from 50.9 in April. Although still weak compared to the overall trend across the series, it marked the first time in six months where the PMI increased.

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