The country’s manufacturing output posted growth of 10.6 percent in January 2023, the highest in 10 months, according to the Philippine Statistics Authority (PSA). Know more:
THE country’s manufacturing output posted growth of 10.6 percent in January 2023, the highest in 10 months, according to the Philippine Statistics Authority .
“[The VoPI is] back to double-digit growth in the manufacturing volume production largely brought about by the fact that the economy further reopened towards greater normalcy, with no large lockdowns so far in 2022 and no lockdowns going forward as a priority of the administration,” Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort.
Based on responding establishments, the PSA said the average capacity utilization rate for the manufacturing sector in January 2023 was reported at 72.6 percent from 71.5 percent in the previous month. The PSA said almost all industry divisions reported capacity utilization rates of more than 60 percent, except for manufacture of paper and paper products at 56.1 percent.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
48 out of 1,000 Pinoys jobless in January, PSA reportsThe chief economic planner said that while the Philippine Statistics Authority pegged the unemployment rate at 4.8 percent in January—better than in 2022—the government still needs to create “more productive and higher-quality” jobs. /PDI
Read more »
Employment rises by 4.09M in January - PSA | Cai U. OrdinarioOver four million Filipinos became employed in January 2023, according to the latest data released by the Philippine Statistics Authority (PSA). The PSA said employed persons increased by 4.09 million in January 2023 estimated at 47.35 million from 43.27 million in January 2022. The number of employed persons in January…
Read more »
CV women now more empowered to report cases of physical, emotional abuses – PSAIn this day and age, many women continue to suffer from abuses. The good thing is that many are now becoming more aware of their rights, according to Leslie Marie Zuasula, a statistician of PSA-7. CDNDigital
Read more »
Diaz receives 4th PSA Athlete of Year awardWeightlifting superstar Hidilyn Diaz underscored the hard work, dedication and sacrifice needed to hone her athletic skills to an elite level during her coronation on Monday as the Philippine Sportswriters Association Athlete of the Year-- READ MORE:
Read more »
PBBM vows to end PH poverty as PSA reports rise in employmentPresident Ferdinand “Bongbong” Marcos Jr. assured the public that his administration would work hard to end poverty in the Philippines as he lauded the rise of the country’s employment rate.
Read more »
PSA: 1.37 million children aged 5 to 17 worked in 2021An estimated 1.37 million children aged five to 17 worked in 2021, the Philippine Statistics Authority&39;s latest data on child labor showed. With 31.64 million children aged five to 17 in 2021, the PSA said 4.3% of the said population worked that year.
Read more »