00:00The Philippines recorded the highest Purchasing Manager's Index, or PMI, against the other five countries in the ASEAN region for the month of November 2024.
00:11According to Standard & Poor Global, according to the S&P Global data, the Philippines recorded a PMI of 53.8 this November,
00:22or higher than 52.9 in October, followed by Vietnam and Thailand with a PMI of 50.8 and 50.2, followed by Myanmar, Indonesia and Malaysia.
00:35The PMI is an important economic indicator that measures the condition of the manufacturing sector base in five areas,
00:43such as new orders, output, employment, suppliers' delivery times, and stock of purchase.
00:50The manufacturing sector in the country has improved by more than 15 months according to the S&P Global.
