MANUFACTURING firms in the Philippines saw an improvement in operating conditions in May as faster new order growth encouraged businesses to increase output, an IHS Markit/Nikkei survey said.

Results of the survey released on Monday showed that the seasonally adjusted manufacturing Purchasing Managers' Index (PMI) went up to 51.2 in May from 50.9 in April, signalling a "modest, but stronger, improvement in the health of the manufacturing sector."

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