PH manufacturing, imports gain in AugustAerial view of Manila Port’s International Container terminal in Tondo, Manila as of June 2015. These are significant improvements over the 2.2-percent VoPI and 5.8-percent VaPI posted in August 2015. NEDA attributed the positive manufacturing output to sustained production of capital goods and growth in volume of export-oriented products. Imports riseNEDA also reported a 4.7-percent growth in total merchandising trade in August, amounting to US$11.8 billion. NEDA explained that imports in August posted a 12.2-percent growth, driven by higher demand for consumer goods and capital goods.

Source: Manila Bulletin October 11, 2016 05:26 UTC