MANILA, Philippines — Renewed business confidence pushed the Philippine manufacturing sector to its strongest growth in more than eight years in February, S&P Global said on Monday.
The purchasing managers' index (PMI) for the sector rose to 54.6, up from January’s 52.9 and the highest since November 2017's 54.8.
PMI readings above 50.0 point to growth, while those below are a sign of a contraction.