Factory output down anew

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 05 Dec 2019 02:34:29 +0000

MANUFACTURING output both in volume and value declined for the 10th consecutive month,  the Philippine Statistics Authority (PSA) said on Thursday.

Results of the Monthly Integrated Survey of Selected Industries (MISSI) showed that the volume of production (VoPi) index contracted by 3.7 percent in October from the 2.9 percent expansion in the same month last year.

Value of production (VaPi) also declined by 4.3 percent from 4.1 percent growth in 2018.

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