MANILA, Philippines – Local factory activity climbed to its highest level in over eight years in February, driven by robust output and stronger demand conditions that lifted business confidence. S&P Global reported on Monday that the Philippines’ purchasing managers’ index (PMI) rose to 54.6 in February from 52.9 in January, marking its strongest performance since November 2017. READ: Philippine manufacturing activity hit 9-month high in January The latest reading extended the manufacturing sector’s growth to three consecutive months following its rebound in December. According to S&P Global, output increased for the second straight month and at its fastest pace in […]... Keep on reading: Philippine manufacturing activity climbed to 8-yr high in February