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The Philippine economy is viewed to be on the path to further strong growth this year despite threading the needle between the threat of spiking COVID cases and opening the economy to more investments, IHS Markit reported in the Economic Outlook Briefing organized by the Board of Investments (BOI) held virtually on 26 January 2022.
The S&P Global/CIPS UK Construction PMI fell to a four-month low of 56.4 in May of 2022 from 58.2 in the prior month, but still pointing to the 16th consecutive period of growth in the construction sector. The deceleration was marked by a loss of momentum in the residential building category, dragging housing activity to its weakest in two years. Commercial building eased to a lesser extent ...
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The S&P Global India Manufacturing was little-changed to 54.6 in May 2022 from 54.7 in April, compared to market consensus of 53.8. The latest reading marked the 11th straight month of expansion in the manufacturing sector, as both output and new orders grew at the same pace in the prior month, with new export orders rising to the fastest since April 2011, amid loosening of Covid-19 restrictions.