Despite ongoing weather disturbances, domestic factory output recorded year-on-year growth in September, according to the Philippine Statistics Authority (PSA).
The PSA’s latest monthly integrated survey of selected industries (MISSI), released on Friday, Nov. 7, showed that the volume of production index (VoPI)—a proxy for factory output—increased by 1.3 percent in September, up from 0.9 percent in the previous month.
In contrast, VoPI recorded a 5.6-percent year-on-year decline in the same month last year.
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