FACTORY output increased for a fourth consecutive month in September, but at a slower rate than August, the Philippine Statistics Authority (PSA) said on Tuesday.
According to preliminary data from the PSA’s Monthly Integrated Survey of Selected Industries, manufacturing output, as gauged by the volume of production index , rose 2.4% in September.Average manufacturing growth in the nine months to September was 48.3%.
The VoPI’s rise in September was led by machinery and equipment except electrical, which posted a gain of 90%, followed by wood, bamboo, cane, rattan articles and related products at 77.6%, chemical and chemical products at 30.1%, fabricated metal products, except machinery and equipment at 21.7%, and other manufacturing and repair and installation of machinery and equipment at 18.6%.
He said the move to “greater normalcy” is reflected in a Presidential order declaring the wearing of masks voluntary in most situations, the easing of restrictions on foreign travelers after the borders began to open in February, the recovery of domestic tourism, and the resumption of in-person schooling in August.
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