MANILA, Philippines (Xinhua) — The country’s manufacturing sector slowed down with January’s factory output declining by 19.9 percent on year, the National Statistics Office said today.
The NSO reported sharp declines in all major manufacturing sectors. Production of petroleum products, basic metals, furniture, paper, electrical machinery, apparel and chemical products all posted a double-digit drop in production as compared to last year’s output. Only rubber, plastic and non-metallic mineral products registered a slight increase in production.
Most of the manufacturing firms surveyed by the NSO operated below its full capacity. Average capacity utilization in January 2009 for total manufacturing was estimated at 77.5 percent. Of the 300 companies surveyed, only 11.9 percent of the respondents were operating at a full 90- to 100-percent capacity utilization rate.
The downtrend in the Philippine manufacturing sector reflects the waning consumer demand owing to the global economic crisis. Analysts said manufacturers are cutting output in line with reduced demand.
The NSO said the volume of net sales index in January fell 17.7 percent on year. Textiles and furniture registered the biggest decline at over 40 percent.
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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