Industrial production improved in October 2024, driven by strong growth in the manufacturing sector. The purchasing managers’ index (PMI) in manufacturing became expansionary at 51.2 as the manufacturing sector recorded increases in both output and new orders amid the recovery from typhoon Yagi in September. Exports and imports grew 0.2 percent (m/m, SA) and 3.5 percent (m/m, SA), respectively. Year-on-year export growth has continued to moderate...
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