Philippine manufacturing VaPI rose at annual rate of 2.2% in Nov 2023

09 Jan '24

1 min read

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The value of production index (VaPI) in the Philippine manufacturing sector continued to rise at an annual rate of 2.2 per cent in November last year, official statistics show.
This was faster compared with its annual growth of 1.1 per cent in the previous month.
In November 2022, it had recorded a double-digit annual increase of 13.2 per cent.

The value of production index (VaPI) in the Philippine manufacturing sector continued to rise at an annual rate of 2.2 per cent in November last year, official statistics show. This was faster compared with its annual growth of 1.1 per cent in the previous month.

In November 2022, VaPI had recorded a double-digit annual increase of 13.2 per cent.

The volume of production index (VoPI) for manufacturing registered a year-on-year increment of 1.9 per cent in November last year—faster than the annual growth rate of 1.5 per cent in the previous month. In November 2022, the VoPI recorded an annual increase of 6.4 per cent.

The seasonally-adjusted VaPI for total manufacturing in November last year grew at a monthly rate of 1.1 per cent from 3.8 per cent monthly contraction observed in October last year.

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