A survey conducted by S&P Global revealed that the Philippine manufacturing sector grew at a slower pace in May.

This is as the firms struggled to maintain their workforce while charges continued to rise.

According to the headline S&P Global Philippines  Manufacturing PMI stood at 51.9 in May.

This is lower than the five-month high of 52.2 in April. 

A reading above the 50.0 threshold indicates an expansion, while levels below indicate a contraction.

“The  Filipino manufacturing sector continued to report further gains mid-way through the second quarter, with growth sustained in new orders and output. Further expansions in business requirements supported a rise in purchasing activity and inventories,” S&P Global Market Intelligence economist Maryam Baluch said.