PH factory output falls anew in September

THE country’s manufacturing output, both in volume and value, dropped for the 10th straight month in September, but at a pace slower that August’s, the Philippine Statistics Authority (PSA) reported on Tuesday.

Results of the PSA’s Monthly Intergrated Survey of Selected Industries showed that the volume of production index shrank by 3 percent in September from the 1.3-percent expansion a year ago. The latest figure, however, was an improvement from August’s 9.7-percent contraction.