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THE growth of the country’s manufacturing output posted a five-month high in February 2024, according to the latest data released by the Philippine Statistics Authority (PSA). Based on the Production Index and Net Sales Index, PSA said the Volume of Production Index (VoPI) grew 8.9 percent in February 2024, the…
GLOBAL headwinds and sluggish demand from China will weigh on the performance of the manufacturing sector, according to Standard & Poor’s (S&P) Global Market Research. Based on the latest Purchasing Managers Index (PMI), S&P said the country’s composite score in the index dipped to 50.9 in January, the second consecutive…
THE country’s manufacturing sector posted growth of 1.9 percent in November 2023, according to the latest data from the Philippine Statistics Authority (PSA). Based on the Monthly Integrated Survey of Selected Industries (Missi), the Volume of Production Index (VoPI) in November 2023 was faster than the annual growth rate of…
MANILA, Dec. 7 (Xinhua) -- Manufacturing in the Philippines grew at a slower pace in October, mainly due to the double-digit drop in the manufacture of beverages, the Philippine Statistics Authority (PSA) said Thursday. Based
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…