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Saturday, November 23, 2024

Home Business Philippine manufacturing output sustains growth in Sept

Philippine manufacturing output sustains growth in Sept

by News desk
November 10, 2023
in Business

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The performance of manufacturing production in the Philippines sustained its growth in September, the Philippine Statistics Authority (PSA) said Thursday.

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased by 8.9 percent and 9.1 percent in September, respectively.

The PSA said the September VaPI was faster than its annual growth of 7.5 percent in the previous month. In September 2022, the VaPI recorded a double-digit annual increment of 12.6 percent.—Xinhua