Factory Output Grows at Slowest Pace in 7 Months - BusinessWorld Online

Factory output grows at slowest pace in 7 months - BusinessWorld Online

MANUFACTURING OUTPUT growth fell to a seven‑month low in November, weighed down by weak domestic consumption and sluggish export demand. Preliminary results of the Philippine Statistics Authority’s (PSA) latest Monthly Integrated Survey of Selected Industries showed factory output, as measured by the volume of production index, fell by 1.5% year on year in November, a reversal from the revised 1% growth in October. Year on year, the decline slow…