PH Oct manufacturing rebounds on-month, lags year-earlier

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Philippine manufacturing output rebounded in October from a sluggish performance in September, but still lagged far behind the robust pace of production a year earlier, the latest data from the Philippine Statistics Authority (PSA) showed on Wednesday.

The Volume of Production index (VoPI) rose 7.5 percent year-on-year in October, outpacing growth of 3.2-percent recorded the previous month, according to results of the Monthly Integrated Survey of Selected Industries (MISSI).

However, the VoPI in October slackened from the 21.1 percent increase posted in the year-earlier period, the survey said.  MAYVELIN U. CARABALLO, REPORTER

mc/nt


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