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The manufacturing sector in the Philippines continued to expand in February, and at a faster rate, the latest survey from Nikkei showed on Wednesday with a manufacturing PMI core of 53.6.
That was up from 52.7 in January, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, growth in new orders and employment underpinned the increase.
High business optimism prompted manufacturers to raise their inventory levels, while firms hiked prices at a record pace on the back of surging input costs.
