Factory production declined in March as supposedly nonessential manufacturing ground to a halt at the start of a lockdown meant to stop transmission of SARS Cov2, …
Factory production declined in March as supposedly nonessential manufacturing ground to a halt at the start of a lockdown meant to stop transmission of SARS Cov2, the virus that causes the disease COVID-19.
Initial results of the Philippine Statistics Authority (PSA) monthly integrated survey of selected industries (Missi) for March showed that the volume of production index (VoPI), a measurement of factory output, dropped by 6.3 percent, reversing a 4 percent growth in February.
The PSA said 15 “major industry groups pulled down the VoPI.
Production in these industry groups fell by at least 25 percent—petroleum (down 34.2 percent), tobacco (down 33.9 percent) and miscellaneous products (down 29 percent).
