Manila, Oct. 7 -- Factory output growth accelerated in August, reversing the contraction seen in the previous month, data released by the Philippine Statistics Authority (PSA) on Tuesday showed.
Results of the Monthly Integrated Survey of Selected Industries showed that the value of production index (VaPI) grew by 2 percent in August, a turnaround from -1.9 percent in July.
"The uptrend in the annual growth rate of VaPI for manufacturing in August 2025 was mainly attributed by the faster annual increase of manufacture of food products at 21.0 percent during the month from 12.0 percent in the previous month," the PSA said.
The slower annual decrease recorded in the manufacture of basic metals at 7.8 percent from 26.5 percent the previou...
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