Philippine Value of Production Index Drops, Net Sales Index Rises in February
Unwinn DeppnerThe Philippines' value of production index for manufacturing slid 1.6% in January, after rising 3% annually in January, data from the Philippine Statistics Authority showed on Tuesday.
In February 2024, the index had rose 1.8% on year.
Meanwhile, the volume of production index slid 2.4% in February, after rising 2.3% in the previous month. In February 2024, the volume of production index rose 3.2% on year, the data showed.
The country's production index measures real output in the manufacturing sector.
The value of the net sales index for manufacturing jumped 9.3% year on year in February, faster than the 8.9% annual growth in the preceding month, and versus a 0.2% improvement a year earlier.
The volume of net sales index rose 8.4% year on year in February, faster than the 8.2% annual rise in the month prior, the data showed.
FinanceWiki is for the purpose of delivering user creations, but does not mean to agree with their views or confirm the authenticity of their content. Please make your own judgment when reading and browsing. The articles are published by users registered on FinanceWiki, not by FinanceWiki. If there is any infringement, please contact us in time for processing, and we will respond and resolve it as soon as possible.
