Amid job loss, factory capacity utilization rises
AMID the reduction in manufacturing jobs, Philippine Statistics Authority (PSA) data showed average capacity utilization of factories improved in September. In September, the PSA reported that the manufacturing sector shed 888,000 jobs. (Full story here: https://businessmirror.com.ph/2023/11/09/manufacturing-sheds-888000-jobs-in-september-psa/) However, the latest Monthly Integrated Survey of Selected Industries (MISSI) data showed average capacity…