Manufacturing growth hit a seven-month low in March with a key indicator falling for a fourth straight month, an IHS Markit/Nikkei survey found.

Survey results released on Monday showed the seasonally adjusted Purchasing Managers Index (PMI) at 51.5 from 51.9 in February that, while described as “signaling a modest improvement to operating conditions”, was also tagged as indicating “weaker growth at Filipino manufacturers”.

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