Manufacturing output falls in the Philippines
According to the National Statistics Office for the
Manufacturing output has been contracting year-on-year since October 2008, recording the largest decline in January, when value dropped 24.5% and volume fell 26.7%.
Significant reductions in value were recorded in June for also observed in furniture and fixtures (44.9%), leather and leathergoods (43.9%), paper and paper products (32.1%), beverages (26.5%), footwear and apparel (23.3%), basic metals (22.5%), transport equipment (16.6%) and chemical products (16.1%).
The biggest improvement year-on-year was electrical machinery, up 13.2%, while textiles, fabricated metal products, non-metallic mineral products, tobacco, and miscellaneous manufactures all posted single-digit growth rates.
