The country’s manufacturing output increased by 25.3 percent in October because of the leap of three sectors, according to the National Statistics Office data released on Tuesday.
Through the posted volume of production index (VoPI) in October, the NSO said that aside from the three improving sectors, nine other sectors contributed to the double-digit growth of the country’s manufacturing production.
“Three major sectors mainly influenced the growth, these were chemical products, furniture and fixtures, and leather products, with growths of 215 percent, 208.1 percent and 190.5 percent, respectively,” the NSO said.
The nine other manufacturing sectors “that contributed to the significant performance of VoPI” include tobacco products (61.5 percent), basic metals (49.2 percent), machinery except electrical (35.4 percent), rubber and plastic products (32.9 percent), textiles (24.9 percent), publishing and printing (18.5 percent), non-metallic mineral products (16.8 percent), electrical machinery (15.3 percent), and fabricated metal products (13.3 percent).
In terms of monthly records, VoPI gained “a slower rate of 6.7 percent growth” from 19.9 percent in September to 25.3 percent in October, as nine major sectors contributed to the growth.
The nine sectors include footwear and wearing apparel (59.9 percent), leather products (26.1 percent), petroleum products (18.5 percent), textiles (18.1 percent), tobacco products (17.4 percent), basic metals (17.3 percent), non-metallic mineral products (13.5 percent), rubber and plastic products (12.2 percent), and fabricated metal products (10 percent).
The NSO also mentioned that establishments operating at full capacity for manufacturing purposes stood at 23 percent in October.
“The proportion of establishments that operated at full capacity [90 percent to 100 percent] was 23 percent in October 2013. About 54.6 percent of the establishments operated at 70-percent to 89-percent capacity, while 22.4 percent of the establishments operated below 70 percent capacity,” the statistical body said.
Kristyn Nika M. Lazo