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PHL factory output growth accelerates in June
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BusinessWorld Online
MANUFACTURING OUTPUT expanded at a faster pace in June, driven by the production of coke and refined petroleum products, food products, and transport equipment, the Philippine Statistics Authority (PSA) said.
The PSA attributed the acceleration from May to faster annual increases in the production of coke and refined petroleum products, food products and transport equipment.
The manufacture of coke and refined petroleum products grew by 84.5% year on year in June, faster than 73.3% in May.
It added that the industries that contributed the most to the overall 10.1% annual growth were coke and refined petroleum products; computer, electronic and optical products; and basic metals.
In the first half, factory output grew by 5.7% from a year earlier.