manufacturing

Factory output surged 539.7% in Aug

The finished goods churned out by the country’s factories soared 539.7 percent year-on-year in August due to the base effects from lower output amid last year’s stringent lockdowns. The Philippine Statistics Authority’s (PSA) monthly integrated survey of selected industries (Missi) report for August released Thursday showed a dramatic reversal of the 82.2-percent drop in the…

car assembly

Manufacturing back to expansion mode in Sept

The manufacturing sector resumed expansion in September as quarantine curbs were gradually lifted, but global supply constraints and expensive inputs pose a threat to sustained recovery. The September purchasing managers’ index for the Philippines released by London-based global information provider IHS Markit Ltd. on Friday showed , reversing the contraction in August when Metro Manila…