PH factory output growth slows

Oct 09, 2024 12:36 am

FACTORY output growth remained positive in August but was markedly slower compared to the previous month and a year earlier, the Philippine Statistics Authority (PSA) reported on Tuesday.

The Value of Production Index (VaPI) came in at 1.8 percent, down from 6.4 percent in July and 6.1 percent a year ago, while the Volume of Production Index (VoPI) also decelerated to 2.8 percent from 6.8 percent and 5.8 percent a month and a year earlier, respectively.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Consumers less gloomy; business sentiment rises

Rate cut caution could cause Fed-Trump friction

IMF sees moderate PH economic growth

BOI targeting P1.75T in approvals for 2025

Peso back at P58:$1; PSEi ends 7-day slump

Rice emergency to fight profiteers OK – DA chief

MVP Group 'to preserve, enhance' Camp John Hay