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, leather and leathergoods, paper and paper products, beverages, footwear and apparel, basic metals, transport equipment and chemical products.
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.
