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MANILA, Philippines — The country’s manufacturing output rose at a faster pace in September, driven mainly by the production of petroleum, beverages and electronic products, according to the Philippine Statistics Authority (PSA).
Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed that the Volume of Production Index (VoPI) grew by 1.3 percent in September, faster than the 0.9 percent uptick in the previous month and an improvement from the 5.6 percent contraction in September last year.
The PSA attributed the faster VoPI growth in September primarily to three sectors.
In particular, it said that the manufacture of coke and refined petroleum products experienced a slower decline of 3.2 percent in September, compared to 12.1 percent in August.
Beverage production grew by 2.9 percent in September from an 8.2 percent contraction in the previous month.
The manufacture of computer, electronic and optical products also registered a faster increase of 4.2 percent in September, up from 1.2 percent in August.
Of the remaining 19 industry divisions, 10 reported increases in VoPI in September compared to the previous month.
These include food; transport equipment; electrical equipment; other manufacturing, repair and installation of machinery and equipment; tobacco products; basic pharmaceutical products and pharmaceutical preparations; leather and related products, including footwear; other non-metallic mineral products; paper and paper products; and textiles.
On the other hand, nine registered declines in VoPI in September.
These include wearing apparel; printing and reproduction of recorded media; furniture; rubber and plastic products; wood, bamboo, cane, rattan articles and related products; machinery and equipment except electrical; fabricated metal products, except machinery and equipment; basic metals; and chemical and chemical products.
The average capacity utilization rate for manufacturing in September was 77.1 percent, slightly lower than the 77.3 percent in the previous month.
“All industry divisions reported capacity utilization rates of more than 65 percent during the month,” the PSA said.
Those with the highest average capacity utilization rate in September were beverages at 83.5 percent, other manufacturing and repair and installation of machinery and equipment at 83.1 percent, and coke and refined petroleum products at 82.5 percent.
The PSA said 33.4 percent of responding establishments operated at full capacity (90 percent to 100 percent).
It also said 42.1 percent operated at 70 to 89 percent capacity, while 24.5 percent were at a capacity below 70 percent. — Louella Desiderio
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Credit belongs to : www.philstar.com
