The country’s manufacturing output posted its fifth consecutive month of positive growth in October, according to the latest Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority (PSA). Know more:
THE country’s manufacturing output posted its fifth consecutive month of positive growth in October, according to the latest Monthly Integrated Survey of Selected Industries of the Philippine Statistics Authority .
This year, the country recorded contractions in May and April but since June, the VoPI has been posting positive growth. In October 2021, VoPI expanded at an annual growth rate of 27 percent. However, eight industry divisions posted annual decreases, with manufacture of electrical equipment exhibiting the largest contraction of 56.9 percent.
Data showed this is also the sixth consecutive month when the average capacity utilization rate breached the 70 percent level. The data showed the average capacity utilization rate for manufacturing sector in October improved from the 71.5 percent posted in September. In October 2021, the average capacity utilization rate was at 67.4 percent.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manufacturing output increases in October - BusinessWorld OnlineBy Bernadette Therese M. Gadon Factory output rose for the fifth straight month in October, the Philippine Statistics Authority (PSA) reported on Wednesday morning. Preliminary results of the PSA’s Monthly Integrated Survey of Selected Industries (MISSI) showed the volume of production index (VoPI) went up by 5.1% year on year in October from the revised […]
Read more »
Philippine gov’t debt swells to new record P13.64T as of end-OctoberThe Philippine government’s running debt ballooned to a fresh record high as of end-October this year amid continued state borrowing to support its fiscal requirements, data from the Bureau of the Treasury (BTr) on Wednesday showed.The end-October outstanding debt stood at P13.64 trillion, up 0.92% or by P123.92 billion from the end-September level of P13.517 trillion.
Read more »
PHL debt at end-October hits record-high P13.64 trillion - BusinessMirrorTHE Philippines’s outstanding debt as of end-October climbed to a fresh record high of P13.64 trillion due to net availment of both local and external loans. The national government’s (NG) outstanding obligation is already 1.56 percent higher than the national government’s projected debt stock level of P13.43 trillion by the end of this year. “The
Read more »
Globe tops Netflix ISP Speed Index for October 2022!
Read more »
Factory output growth in October increases annually - BusinessWorld OnlineMANUFACTURING rose for a fifth straight month in October, reflecting the continued reopening of the Philippine economy, analysts said.
Read more »
Globe tops Opensignal 5G video experience, upload speed, core consistent quality in October - BusinessMirrorTop digital solutions platform Globe topped the latest report of Opensignal in terms of 5G Video Experience, 5G Upload Speed, and Core Consistent Quality as it continues to boost the mobile experience of its customers. Based on Opensignal’s Mobile Network Experience Report for October 2022*, “Globe users have continued to enjoy the best available experience when streaming mobile
Read more »