Manufacturing output slows; value grows

The volume of the country’s manufacturing output grew at a slower pace in May, but its value posted double-digit growth from a year earlier, largely due to a surge in production in the printing industry.

Results of the Monthly Integrated Survey of Selected Industries (MISSI) released on Thursday by the Philippine Statistics Authority (PSA) showed that the growth rate of the Volume of Production index (VoPI) eased to 13.8 percent in May from 20.2 percent a year earlier.