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.
Source: The Manila Times