Manufacturing output eased to a three-month low in June dragged by contractions in the production of basic metals as well as coke and refined petroleum products, the Philippine Statistics Authority (PSA) said in a report.
Preliminary results of the PSA’s latest Monthly Integrated Survey of Selected Industries (MISSI) showed factory output, as measured by the volume of production index, slowed by 2.2% year on year in June.
The June reading was slower than the revised 3.4% in May and the 3.8% in June last year. It was also the slowest growth in three months or since the 0.8% dip in March.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
