Lead Intelligence
Philippine Manufacturing Slump Deepens to Six-Month Low as Regional Output Grows
The manufacturing sector in the Philippines experienced a deeper downturn in October, reaching a six-month low even as broader factory activity across the ASEAN region picked up pace.
Manila: The manufacturing sector in the Philippines faced a worsening downturn in October, hitting a six-month low while the broader ASEAN region saw factory activity accelerate. Industry data highlighted a divergence between domestic industrial performance and the faster recovery observed among neighboring Southeast Asian economies during the same period. Local producers continued to navigate challenging market conditions that weighed heavily on production volumes and overall sector momentum as the final quarter of the year began.