Factory output likely up 11% in Oct – Moody’s

MANUFACTURING output in the Philippines likely accelerated to 11 percent in October from the preceding month and from a year earlier, fueled by rapid food and electronics production, the economic research arm of Moody’s Investors Service said over the weekend.

In September, factory output grew 9.9 percent year-on-year, and expanded by 1.5 percent in October 2015.