{"id":109446,"date":"2017-08-02T04:15:11","date_gmt":"2017-08-02T08:15:11","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=109446"},"modified":"2017-08-02T04:15:11","modified_gmt":"2017-08-02T08:15:11","slug":"ph-production-pmi-eases-in-july-17","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/02\/ph-production-pmi-eases-in-july-17\/","title":{"rendered":"PH production PMI eases in July \u201817"},"content":{"rendered":"
\"The<\/a>
The country was followed by Vietnam with production PMI of 51.7 in the same month. (pna photo)<\/figcaption><\/figure>\n

MANILA, Aug. 1\u2014 IHS Markit\u2019s Nikkei Manufacturing Purchasing Managers\u2019 Index (PMI) for July this year eased to 52.8 from 53.9 in June.<\/p>\n

In a report released by IHS Markit Tuesday, manufacturing PMI last month remained solid, however output and new orders were slower than June.<\/p>\n

\u201cThe Philippines manufacturing economy started the third quarter on a softer note but the slowdown is likely to be short-lived,\u201d IHS Markit economist Bernard Aw said.<\/p>\n

It was noted that there was a pullback in overseas demand from June, and new exports orders rising at the weakest pace since February this year.<\/p>\n

Moreover, Aw noted that surveyed companies expressed concerns to the situation in Mindanao as it affected their sales.<\/p>\n

\u201cSurveyed firms mentioned that the Mindanao crisis had affected sales,\u201d he said.<\/p>\n

\u201cNonetheless, the outlook for the manufacturing sector remains optimistic, driven by buoyant business confidence and strong sales volumes,\u201d Aw said.<\/p>\n

Meanwhile, the Philippines has still topped other surveyed ASEAN countries in IHS Markit\u2019s Nikkei Manufacturing PMI report for July 2017.<\/p>\n

The country was followed by Vietnam with production PMI of 51.7 in the same month.<\/p>\n

Indices above 50 signal improvement in business conditions.<\/p>\n

Other ASEAN countries like Thailand, Myanmar, Indonesia, Malaysia, and Singapore had readings below 50, which means the industry signaled deterioration. (PNA)<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA, Aug. 1\u2014 IHS Markit\u2019s Nikkei Manufacturing Purchasing Managers\u2019 Index (PMI) for July this year eased to 52.8 from 53.9 …<\/p>\n","protected":false},"author":33,"featured_media":109449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,95],"tags":[20293,20292],"class_list":["post-109446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ph","tag-ihs-markit","tag-purchasing-managers-index-pmi","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=109446"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/109449"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=109446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=109446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=109446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}