DOMESTIC manufacturing conditions stagnated last month as output fell and new orders slowed, S&P Global reported on Monday. The purchasing managers' index (PMI) for the sector dropped from 53.0 to 50.1 in May, just above the 50.0 threshold dividing a contraction from an expansion. The PMI, which is an indicator of market conditions derived from surveys of private sector firms, had rebounded strongly in April after dropping to 49.4 in March — the first decline in 19 months. "The promising growth observed at the beginning of the second quarter signaled a notable cooling in May," said Maryam Baluch, economist at S&P Global Market Intelligence. "While new orders continued to increase, they did so at a slower pace, overshadowed by contractions in other areas," she added.   https://www.manilatimes.net/2025/06/03/business/top-business/manufacturing-sector-suffers-setback-in-may/2125811   (ICE SINGAPORE)

Fonte notizia: The Manila Times, 3 June 2025