Manufacturing likely eased 1.2% in June – Moody’s Analytics

The decline in Philippine manufacturing may have eased, with output in June likely down by just 1.2 percent given an improvement in oil-related production, Moody’s Analytics said in its latest weekly outlook.

“Philippine industrial production likely improved in June, after falling 3.1 percent year-on-year in May,” the economic research arm of Moody’s Investors Service said.