Decline in manufacturing output slows in June

The country’s manufacturing production, both in volume and value, continued to contract in June, but at a pace slower than that in May, according to the Philippine Statistics Authority (PSA).

Results of the statistics agency’s latest Monthly Intergrated Survey of Selected Industries on Wednesday showed that the Philippines’ volume of production fell by 19.3 percent in the month, compared with 28.5 percent in May. This decline, however, was wider than the -9.0 percent in June last year.