PHL Factory Output Surges 10.1% in June Driven by Key Sectors
Philippine factory output accelerated to a 10.1% year-on-year growth in June, surpassing May's 9.1% expansion, fueled by increased production in coke and refined petroleum, food products, and transport equipment. The first half of the year saw a 5.7% overall growth.
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Philippine factory output accelerated to 10.1% year-on-year in June, boosted by increased production of refined petroleum products, food, and transport equipment. However, analysts express concerns about sustaining this double-digit growth due to global demand slowdown and other risks.