Factory output slows in 2024; food up slightly

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The story "Factory output slows in 2024; food up slightly" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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Factory output slows in 2024; food up slightly - Business Mirror

Quick Summary:

THE country’s manufacturing output slowed to 0.9 percent in 2024, according to the latest data released by the Philippine Statistics Authority (PSA).

The proportion of establishments that operated at full capacity or around 90 percent to 100 percent was 31.4 percent of the total number of responding establishments.PSA said 40.8 percent of establishments operated at 70 to 89 percent capacity while 27.8 percent operated below 70 percent capacity.Cai U.

The data showed the top three industry divisions in terms of reported capacity utilization rate were the manufacture of textiles at 81.4 percent.