MANUFACTURING OUTPUT climbed to six-month high in January as heavily weighted food products rebounded, the Philippine Statistics Authority (PSA) reported on Friday.
Preliminary data from the PSA showed that industrial production, as measured by the volume of production index (VoPI), rose by 3.2% year on year in January, a turnaround from the 0.3% fall in the same month last year. It also picked up from the 0.4% increase in December.
The January print marked the second straight month of manufacturing expansion. It was the quickest growth in six months or since the 7.4% expansion in July last year.
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