Lower employment, buying activities cited in August PMI

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LOCAL manufacturers may have been more cautious in August as the latest Purchasing Manager’s Index (PMI) showed a decline in employment and buying activity.

Balisacan cited a need to boost manufacturing growth to increase productivity and incomes nationwide.

In a presentation, Balisacan said the share of manufacturing to GDP was at 20.2 percent in the 2001 to 2003 period, but it declined to 16.2 percent in the 2011 to 2013 period and 15.3 percent in the 2021 to 2023 period.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Growth Employment August Period Manufacturing Latest Showed Balisacan Sector Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 16:23:04 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 633 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22334383

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 66 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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