The Philippine stock market retreated on Thursday following the drop in the U.S. equities.
Investors remained optimistic on the growth of the local economy, sending the Philippine stock market higher on Tuesday.
The purchasing managers' index (PMI) for China's non-manufacturing sector slipped for a third straight month in January due to a slowdown in the real estate sector, new data showed.
China's purchasing managers' index (PMI) for the manufacturing sector remained flat at 51.4 percent in November, according to new data released Sunday.
Readings from China's first ocean development index were published on Wednesday and will provide valuable information as the country looks to boost its marine economy and build itself into a maritime power.
Business confidence in the Philippines soared to a new high in the second quarter of this year due to bullish outlook on the economy, the Philippine central bank said Thursday.
China's Purchasing Managers' Index for the manufacturing sector fell to 50.6 percent in April from 50.9 percent in March, the China Federation of Logistics and Purchasing said on Wednesday.
Agriculture has supported China's development for thousands of years. Yet, the recent years have seen factory workers' wages outpacing farmers' and expanding Gini coefficient index between rural and urban population, calling for more efforts to boost the development of rural areas.
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