Philippine manufacturing was affected by the resurgence of coronavirus cases, causing a fall in output and factory closures. THE MANILA TIMES FILE PHOTOAFTER several months of consecutive decline, the country's factory output both in volume and value rebounded in April, preliminary data released by the Philippine Statistics Authority (PSA) showed on Tuesday. According to the PSA, of the 22 industry divisions, 20 exhibited positive growths, 15 of which recorded three-digit annual increases. "The fastest growth rate was registered in manufacture of basic metals at 687.5 percent. The year-on-year growth rate in April 2021 was the first positive growth since April 2019 and the highest annual increase in the 2018-based data series.

Source: Manila Times June 08, 2021 17:26 UTC