INDUSTRIAL output grew at a slower pace in January despite higher production of basic metals, transport equipment, petroleum products and food manufactures, government data showed Friday. The National Economic and Development Authority (NEDA) said production volume in food manufacturing grew by 28.6 percent, compared with 17.6 percent in the same comparable period. The production volume and value of petroleum products increased by 45.3 percent and 87.2 percent, respectively, it added. The first month of the year also saw construction-related manufactures expanded due to higher production volume of basic metals, fabricated metals, and non-metallic mineral products. The production volume of export-oriented products like footwear and apparel, and wood products sustained upward trends in January 2017.

Source: Manila Times March 10, 2017 17:25 UTC