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Textiles sector grows in Aug
26 Oct '05
3 min read
National Statistics Office of Philippines released the monthly integrated survey of selected industries August 2005.
Value of Production Index sustains double-digit growth in August 2005.
Value of Production Index (VaPI) for the manufacturing industry grew by 20.4 percent in August 2005 compared with a year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).
Sectors observed to have boosted production were the following: petroleum products, chemical products, furniture and fixtures, textiles, non-metallic mineral products, tobacco, food manufacturing, fabricated metal products and miscellaneous manufactures.
On a monthly basis, VaPI increased at a slower rate of 2.1 percent in August 2005 primarily due to the improved performances of publishing and printing and textiles sectors.
Volume of Production Index (VoPI) posts highest growth in eight months
In August 2005, Volume of Production Index (VoPI) on a year-on-year basis climbed by 7.3 percent. Thirteen (13) of the 20 major sectors reported increases in factory output, with double-digit growth observed in the following: chemical products, furniture and fixtures, textiles, fabricated metal products, petroleum products, food manufacturing, non-metallic mineral products, footwear and wearing apparel and tobacco.
On a month-on-month comparison, VoPI also reflected an increment of 2.1 percent in August 2005.Double-digit increments were reported in two (2) sectors, namely: textiles and publishing and printing.
Value of Production Index sustains double-digit growth in August 2005.
Value of Production Index (VaPI) for the manufacturing industry grew by 20.4 percent in August 2005 compared with a year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).
Sectors observed to have boosted production were the following: petroleum products, chemical products, furniture and fixtures, textiles, non-metallic mineral products, tobacco, food manufacturing, fabricated metal products and miscellaneous manufactures.
On a monthly basis, VaPI increased at a slower rate of 2.1 percent in August 2005 primarily due to the improved performances of publishing and printing and textiles sectors.
Volume of Production Index (VoPI) posts highest growth in eight months
In August 2005, Volume of Production Index (VoPI) on a year-on-year basis climbed by 7.3 percent. Thirteen (13) of the 20 major sectors reported increases in factory output, with double-digit growth observed in the following: chemical products, furniture and fixtures, textiles, fabricated metal products, petroleum products, food manufacturing, non-metallic mineral products, footwear and wearing apparel and tobacco.
On a month-on-month comparison, VoPI also reflected an increment of 2.1 percent in August 2005.Double-digit increments were reported in two (2) sectors, namely: textiles and publishing and printing.
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