PH factory output extends fall in Oct

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 04 Dec 2020 16:35:22 +0000

The country’s manufacturing output, both in volume and value, continued its deceleration in October, the Philippine Statistics Authority (PSA) reported on Friday. Results of the statistics agency’s latest Monthly Integrated Survey of Selected Industries (Missi) showed that the country’s volume of production index (VoPI) declined by 11.3 percent in the 10th month, faster than the […]

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PH manufacturing ‘nears stabilization’ in November

Credit to Author: Anna Leah E. Gonzales| Date: Tue, 01 Dec 2020 16:44:15 +0000

The country’s manufacturing sector continued to contract in November, but at a pace slower than a month earlier as operating conditions approached stabilization and production rose for the first time since June, an IHS Markit survey revealed on Tuesday. Poll results showed that the Philippines’ seasonally adjusted Purchasing Managers’ Index (PMI) rose to 49.9 last […]

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EU support for PH manufacturing sought

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 05 Nov 2020 16:21:27 +0000

The Philippines has sought the support of the European Union (EU) to make the country’s manufacturing industry more competitive. In a statement on Thursday, the Department of Finance (DoF) reported that Finance Secretary Carlos Dominguez 3rd “sought the EU’s expertise and assistance in accelerating the competitiveness of the Philippines’ manufacturing sector, given its weaknesses as […]

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PH manufacturing rises to 7-mo high

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 01 Oct 2020 16:22:56 +0000

An increase in new orders and export sales helped the Philippines’ manufacturing sector in September reach its highest growth rate in seven months, an IHS Markit survey has found. Results of the poll showed on Thursday that the country’s seasonally adjusted Purchasing Managers’ Index (PMI) rose to 50.1 last month — the highest since February’s […]

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PH factory data lifts PSEi

Credit to Author: Faye Almazan| Date: Thu, 01 Oct 2020 16:19:13 +0000

The stock market broke through the 5,900 territory on Thursday on encouraging data on the country’s manufacturing sector, raising investors’ hopes that economic recovery would continue. The bellwether Philippine Stock Exchange index (PSEi) grew by 1.38 percent or 80.64 points to finish at its intraday high of 5,944.87 while the wider All Shares gained 0.95 […]

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Factory output fell in March; drop in fuel products cited

Credit to Author: Anna Leah E. Gonzales| Date: Tue, 05 May 2020 17:02:48 +0000

The country’s manufacturing production, both in volume and value, fell in March, partly on the back of the decrease in petroleum products, the Philippine Statistics Authority (PSA) reported on Tuesday. Results of the statistics agency’s latest Monthly Integrated Survey of Selected Industries showed that the volume of production index (VoPi) contracted by 6.3 percent in […]

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PH manufacturing at record low in March

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 01 Apr 2020 17:26:49 +0000

The Philippine manufacturing sector contracted to its lowest level on record last month, according to the latest survey of IHS Markit, which attributed the plunge to the enhanced community quarantine imposed on Luzon. Results of the poll released on Wednesday showed the seasonally adjusted Purchasing Managers’ Index (PMI) dropping to 39.7 in March from 52.3 […]

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