BSP Indicators Point to Continued Growth of PH

The latest economic indicators point to the continued growth of the Philippine economy this year, despite the adverse effects of natural calamities on the local front and headwinds from abroad. In its quarterly inflation report, the Bangko Sentral ng Pilipinas (BSP) cited a significant jump in the country’s Purchasing Managers’ Index (PMI) last November. The composite PMI remained above the 50-point threshold to reach 63.3 percent in November, higher than the 60.1 percent in September.

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Source: Philippine Daily Inquirer

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