BusinessWorld E-paper
![](https://bworld-x.com/wp-content/uploads/2024/06/S1-1-Page-1-06.04.24-1-pdf-595x1024.jpg)
June 4, 2024
FACTORY ACTIVITY in the Philippines expanded at a slower pace in May as employment fell for the first time in five months, S&P Global said on Monday.
The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) stood at 51.9, slightly down from 52.2 in April, indicating “modest improvement” in factory activity.