The Philippine National Statistics Office (NSO) has released figures relating to the country’s manufacturing output for the year to August that show a fall of 5% compared with the same period in 2003. The fall in productivity has been attributed, in the main, to a decrease in the volumes manufactured in the leather, footwear, apparel, and petroleum sectors. 

Manufacturing sales also dropped by 8.7% year-on-year. However, despite volume of output and sales decreasing, the manufacturing value increased by 3.4% up to the end of August. This increase in value has been credited to an increase in the output of furniture, rubber goods, and food and beverages.

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