Philippine Manufacturing Contracts for a Second Consecutive Month

The Philippines’ manufacturing Purchasing Managers’ Index fell to 49.1 in October from 49.6 in September, according to figures reported on 3 November. A reading below 50 indicates contraction, reflecting weaker demand, lower output and reduced purchasing activity. No financial support package was announced. Manufacturers may need stronger supplier strategies, cost controls and operational reviews. HPC can support supply-chain research, procurement analysis and industrial market assessments.