The volume of production index (VoPI) grew by 13.5 percent in August from 2.2-percent a year earlier. The food subsector grew by 11.1 percent and 13.3 percent in volume and value of production, respectively. These were improvements from the -14.5 percent and -14.8 percent growth rates year-on-year. The beverages subsector also recorded 16.1 percent and 21.3 percent growth rates in terms of volume andvalue of production, reflecting improvements from -7.5 percent and 0.7 percent. For intermediate goods, the petroleum products subsector posted 2.3-percent and -6.8-percents growth rates in terms of volume and value of production, also signifying improvements from -6 percent and -28 percent.

Source: Manila Times October 11, 2016 16:41 UTC