Philippine manufacturing output continues to shrink in July 2020


MANILA, Sept 4 (Xinhua): The performance of manufacturing production in the Philippines further contracted in July 2020 amid the prolonged coronavirus disease lockdown that led to factory closures and movement restrictions, the Philippine Statistics Authority (PSA) said on Friday.

The PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) remain a downward trend, declining 14.8 percent and 11.9 percent in July 2020, respectively.

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