Manufacturing kept growth for 11 months in 2018

 

 

By Rose de la Cruz

 

The manufacturing output sustained its growth in 11 consecutive months of 2018, rising by 1 percent in volume and 2.1 percent in value.

 

The National Economic and Development Authority said manufacturing output was supported by production increases in beverages, tobacco, petroleum, electrical machinery, textile, paper products, and miscellaneous manufactures.

 

“While the November outturn of sustained positive growth for manufacturing, indices showed a declining trend starting on the second half of 2018,” Socioeconomic Planning Secretary Ernesto M. Pernia said.

 

He also noted that factory output may be dampened by…

Read more: Manufacturing kept growth for 11 months in 2018

 How to sustain declining inflation

 

By Rose de la Cruz

 

To sustain the gains made towards the yearend of 2018 against inflation, Rep. Michael Romero, 1-PACMAN partylist, proposed the immediate implementation of the Revised Agricultural Tarriffication Act, taming the rental rates on housing units for the poor, middle class and business spaces for small entrepreneurs and more social safety nets to be put in place.

 

He said the combined impact of the increase in fuel excise taxes, lingering effects of Usman, Ompong, and Rosita on regions worst-hit by floods and landslides and the reenacted budget will dampen economic growth figures for the…

Read more: How to sustain declining inflation

 NEDA pushes for bolder support for export

 

By Rose de la Cruz

 

Encouraged by the increased trade in October of 14 percent, reaching $17.2 billion, the National Economic and Development Authority is asking government to stay the course and be bolder in supporting the country’s key emerging export sectors to boost overall trade growth.

 

The Philippine Statistics Authority (PSA) reported that exports climbed for a fifth consecutive month in October 2018 amid positive performances of manufactures and forest products.

 

"With export growth unlikely to pick up pace in the near term and imports to continue to expand, stronger support must be given…

Read more: NEDA pushes for bolder support for export

 

 

 

On December 28, the Bangko Sentral ng Pilipinas economic research projected that December inflation will settle at a range of 5.2 to 6 percent.

 

The sustained slowdown of inflation during the month is seen to be driven mainly by the continued decline in petroleum and rice prices, the rollback in minimum jeepney fare, and the slight appreciation of the peso.

 

However, these factors could be offset in part by higher electricity rates in Meralco-serviced areas. Moving forward, the BSP will continue to closely monitor evolving price trends and domestic demand condition to help ensure that the inflation target is achieved.”

Read more: Inflation to settle at 5.2 to 6 percent range in December

NEDA sees sustained manufacturing growth in Q4

 

 

By Rose de la Cruz

 

 

With a strong consumer demand and an optimistic business outlook, the growth of factory output will be sustained for the rest of December, the National Economic and Development Authority said.

 

The Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority for October 2018 reported that manufacturing’s Volume of Production Index (VoPI) rose by3.9 percent while the Value of Production Index (VaPI) climbedby 3.3 percent.

 

Both VoPI and VaPI have been on positive territory for 10 consecutive months since January 2018.

 

Increases in the production of petroleum, export-oriented products and non-metallic mineral products drove the expansion of manufacturing output in October.

 

NEDA expects that manufacturing of construction-related products, such as…

Read more: NEDA sees sustained manufacturing growth in Q4

Like us in Facebook

Features

Latest News

Bankers project 6 to 7 percent growth in next 2 years

  By Rose de la Cruz   Despite global uncertainties, the local banking industry projects gross domestic product to grow between 6 and 7 percent in... Read More...
BSP closes 2 small local banks

    By Rose de la Cruz   Two small banks were closed by the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas recently.... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Stupid Name Giver and Other Laughs

Stupid Name Giver Late one night, a burglar broke into a house. While he was sneaking around he heard a voice say, "Jesús is watching you."  He... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...
IMAGE A DELICATE BALANCE

Photo courtesy of Top Gear Philippines Officials of motorcycle-sharing service company Angkas must be grinning all the way to the bank. After a... Read More...
IMAGE TULOY ANG LABAN SA DENGVAXIA

MABUTI naman at tuluyan ng nagpasiya ang pamahalaan na sampahan ng karampatang kaso ang mga sangkot sa kontrobersyal na Dengvaxia anti-dengue... Read More...

Our Guests

Today272
Yesterday797
This week4868
This month4868
Total1422848

Visitor Info

  • Your IP: 3.227.252.66

Who Is Online

23
Online

Friday, 06 December 2019
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.