7 KILLED, HUNDREDS INJURED AS STRONG QUAKE HITS SULAWESI, INDONESIA
VATICAN: POPE FRANCIS, FORMER POPE BENEDICT BOTH GET COVID-19 VACCINE
AUSTRALIA REBUKES GOOGLE FOR BLOCKING LOCAL CONTENT
JAPAN TO BAN ENTRY OF FOREIGN ATHLETES TO TRAIN AHEAD OF SUMMER OLYMPICS
BIDEN INAUGURATION WILL FEATURE DIVERSE PERFORMANCES INCLUDING LADY GAGA, JENNIFER LOPEZ
COURT ORDERS ARREST OF COPS ACCUSED OF KILLING ARMY MEN IN JOLO
THE PANDEMIC SLAMS PHL VEHICLE SALES IN 2020
CHESS PLAYER WESLEY SO BAGS P11.8M, JOINS WORLD’S TOP ESPORT EARNERS
ZSA ZSA PADILLA FINALLY VISITS THE GRAVE OF ‘COMEDY KING’ DOLPHY AGAIN
DUTERTE: PRESIDENCY JOB NOT FOR A WOMEN

FACTORY OUTPUT SHRINKS FOR NINTH STRAIGHT MONTH IN AUGUST

5 months ago | World Business News | 0 comments

By Xai Reyes

The Philippine Statistics Authority (PSA) said the Philippine manufacturing output contracted for the ninth straight month in August.

Preliminary results of the Monthly Integrated Survey of Selected Industry (MISSI) showed that factory output or the Volume of Production Index (VoPI) fell by 9.9% in August.

This is slower than the -14.6% decrease in July, but faster than the -12.5% decline in August 2019, and the ninth month of contraction since December last year.

The PSA said the slower downtrend in the VoPI for the sector was influenced by the increases in the indices of two heavily weighted industry groups nothing chemical products 17.1% and basic metals 3.9 %.

Meanwhile, top losers for the month were petroleum products (-96.2%); leather products (-60.3%); printing (-42.3%); tobacco products (-38.7%); and furniture and fixtures (-37.8%).

0 Comments

Submit a Comment

Your email address will not be published.

Social Media