Moody’s: September Factory Output Likely Better

Philippine manufacturing output may have picked up in September, the economic research arm of Moody’s said, but only due to a base effect as global demand remains weak.

Ahead of next week’s release of official factory data, Moody’s Analytics forecast a 3.9 percent rise for the month, up from August’s 3.7 percent but a slowdown from the 4.7 percent recorded a year earlier.

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Source: The Manila Times

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