As tech slump nears end, factory output seen rising

19 Jan 2024
THE country’s manufacturing output is expected to pick up in the next few months as the technology slump nears its end, according to Moody’s Analytics.

In its latest economic brief, Moody’s Analytics said factory production of the Philippines has already improved to 1.9 percent in November 2023.

Moody’s Analytics noted that in value terms, the country’s manufacturing output grew 2.2 percent. This is higher than the 1.1 percent growth posted in October 2022.

“Electrical equipment as well as coke and refined petroleum products led growth in value and volume terms,” Moody’s Analytics said.

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