PHL factory output continues 12-month losing streak
April 9, 2021 | 12:33 am
Preliminary results of the Philippine Statistics Authority’s (PSA) Monthly Integrated Survey of Selected Industries for February showed factory output, as measured by the Volume of Production Index (VoPI), plunged by 43.6% year on year in February. This was faster than the revised 12% drop in January, and a reversal of the 0.4% growth a year earlier.
The February decline marked the steepest in five months or since the 56.7% year-on-year slump seen in September 2020.
The index has been on steady a decline since March last year, around the time when strict lockdown restrictions were implemented to contain the spread of the coronavirus disease 2019 (COVID-19).
PHL factory output continues 12-month losing streak
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Philippines total external trade up 0 6 pct in February
southeastasiapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southeastasiapost.com Daily Mail and Mail on Sunday newspapers.
2021-04-08 11:35:57 GMT2021-04-08 19:35:57(Beijing Time) Xinhua English
MANILA, April 8 (Xinhua) The Philippines total external trade in goods grew 0.6 percent in February from a year earlier to 12.91 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday.
Of the total external trade in February, the PSA said imported goods accounted for 58.9 percent. Balance of trade in goods, or the difference between the value of export and import, amounted to -2.29 billion U.S. dollars, representing a trade deficit with an annual increase of 16.5 percent.
By trading partners, China was the country s biggest supplier of imported goods.
THE COUNTRY’S FACTORY output extended its streak of decline to 12 months in February, as well as posting the steepest fall in five months, the government reported this morning.
Preliminary results of the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for February showed factory output, as measured by the Volume of Production Index, fell by 43.6% year on year in February. This was faster than the revised 12% drop in January, but a reversal of the 0.4% growth a year earlier.
The February decline marked the steepest in five months, or since the 56.7% year-on-year drop recorded in September 2020.
The index has been on a decline since March last year, around the time when strict lockdown restrictions were implemented to contain the spread of the coronavirus outbreak.