• Manufacturing up by 12.1% in July


    Manufacturing sector improved by 12.1 percent in July compared to the 8.2 percent manufacturing growth a month before, according to the National Statistics Office (NSO).

    In the Monthly Intergrated Survey of Selected Industries (Missi) conducted by NSO, the Volume of Product Index (VOPI) showed 2.1 percent improvement on monthly comparison.

    “Three of the 12 major sectors that mainly influenced the [VOPI] growth were transport equipment (15.3 percent), furniture and fixtures (14.2 percent), and tobacco products (12 percent),” the NSO said.

    Meanwhile, the growth posted in manufacturing was affected by the “significant expansion” of furniture and fixtures, and chemical products production output—surging 135.9 percent and 115.7 percent.

    The improvement was also comprised of the increase in major sectors such as basic materials with 78.5 percent, wood and wood products with 18.5 percent, non-metallic mineral products, as well as rubber and plastic products both with 10 percent.

    On the other hand, petroleum products slowed by 4.5 percent from the 12.6 percent in June, as well as chemical products with 2.5 percent in July from 5.1 percent a month before. KRISTYN NIKA M. LAZO


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