Philippine S&P Global Manufacturing PMI (Feb) 54.6 (Prev. 52.9)
Newsquawk Staff ·
Philippine S&P Global Manufacturing PMI (Feb) 54.6 (Prev. 52.9)
What it means
The Philippine S&P Global Manufacturing PMI for February came in at 54.6, up from the previous 52.9, indicating stronger expansion in the manufacturing sector. This swing suggests improved economic momentum, which may have positive implications for overall growth and could influence market sentiment towards the Peso. Traders should watch for potential shifts in monetary policy expectations as a result of this stronger-than-expected performance.
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