Factory output, both in volume and value, continued to contract in May but at a slower pace compared to the recorded decline in April, the Philippine Statistics Authority (PSA) said. “The low production and sales indices for the manufacturing sector are expected given that most of the country was still on enhanced community quarantine (ECQ) in May. “As more firms reopen, we need to remind everyone that the risk of Covid-19 infection remains. It is very important for firms to strictly comply with minimum health standards to mitigate risks in the workplace. A number of strategies need to be scaled up and fast-tracked, particularly as they relate to technology and innovation.

Source: Manila Times July 07, 2020 17:47 UTC