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Philippines manufacturing output fell in March, with a 1.7% year-on-year decline in VaPI and 0.8% in VoPI, led by a 7.2% drop in food product manufacturing.
Philippines manufacturing output fell in March, with a 1.7% decline in year-on-year value of production index (VaPI) and a 0.8% decrease in volume of production index (VoPI), according to the Philippine Statistics Authority (PSA).
The decline can be attributed to a 7.2% drop in food product manufacturing.
However, the manufacture of chemical and chemical products saw the highest growth rate at 29.1%.
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La producción manufacturera de Filipinas cayó en marzo, con una caída interanual del 1,7% en el VaPI y del 0,8% en el VoPI, liderada por una caída del 7,2% en la fabricación de productos alimenticios.