PH factory output sinks in full year

THE country’s manufacturing output last December, both in volume and value, continued to contract from the negative growths posted a month and a year earlier, the Philippine Statistics Authority (PSA) reported on Wednesday.

Results of the PSA’s Monthly Integrated Survey of Selected Industries showed that the country’s volume of production index declined by 10.1 percent in December, faster than the 7.8-percent decrease in November and the 9.3-percent drop a year ago.