Philippine factory activity rises to near 10-year high in August

MANILA, Philippines — Philippine factory activity expanded to a near-decade high in August as easing inflationary pressures boosted new orders and renewed business confidence. S&P Global said Tuesday the country’s Manufacturing Purchasing Managers’ Index (PMI) climbed to 54.9 in August from 51.8 in July, marking its highest growth since December 2016. READ: Factory activity rose to