PH manufacturing growth picks up in July
Manila: The country’s manufacturing output, both in volume and value, grew at a faster pace in July this year, the Philippine Statistics Authority (PSA) said. Results of the latest Monthly Integrated Survey of Selected Industries released on Friday showed that the value of production index (VaPI) expanded by 4.7 percent in July, up from the 3.3 percent in June. It was also higher than the 3.5 percent growth recorded in July last year. “The acceleration in the year-on-year growth rate of VaPI for manufacturing in July 2024 was mainly attributed to the double-digit annual growth rate of the manufacture of