FOREX TradingCharts.com

Financial News: Philippine Industrial Output Growth Eases To 0.9%

Philippine Industrial Output Growth Eases To 0.9%

03/07/2024 - 01:35:00 (RTTNews)

(RTTNews) - Philippine industrial production expanded at a slower pace at the start of the year, preliminary data from the Philippine Statistical Authority showed on Thursday.

The value of production in the manufacturing industries rose 0.9 percent year-over-year in January, following a revised 2.2 percent gain in December. The expected increase was 1.4 percent.

The annual change in the manufacture of basic metals industry division was a decline of 6.6 percent versus a double-digit growth of 16.8 percent in December, which mostly affected the overall industrial production.

The annual growth of the manufacture of electrical equipment softened markedly to 11.3 percent in January from 41.0 percent in the previous month.

Meanwhile, the manufacture of transport equipment contracted 2.9 percent, reversing a 12.7 percent surge a month ago.

On a monthly basis, industrial production fell a seasonally adjusted 1.2 percent from December, when it dropped by 0.1 percent.

The volume of industrial production advanced at a faster pace of 1.9 percent annually versus the 1.6 percent growth seen a month ago.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Malaysian Economic Growth Fastest In A Year (05 hr(s), 38 min(s), 57 sec(s) ago)
(RTTNews) - Malaysia's economic expansion accelerated in the first quarter, driven by positive ...Full Story»

Greece Current Account Deficit Widens (06 hr(s), 21 min(s), 57 sec(s) ago)
(RTTNews) - Greece's current account deficit increased in February from a year ago due to a de ...Full Story»

Spain Trade Gap Narrows Slightly (07 hr(s), 13 min(s), 57 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit decreased somewhat in February from a year ago as im ...Full Story»

UK Retail Sales Stable In March (08 hr(s), 46 min(s), 57 sec(s) ago)
(RTTNews) - UK retail sales were unchanged on a month-on-month basis in March, defying expectation ...Full Story»

Italy Construction Output Falls 3.9% (09 hr(s), 0 min(s),57 sec(s) ago)
(RTTNews) - Italy's construction output decreased for the first time in five months in Februar ...Full Story»

German Producer Prices Fall At Slower Pace In March (11 hr(s), 01 min(s), 57 sec(s) ago)
(RTTNews) - Germany's producer prices continued to decline in March, though at the slowest pac ...Full Story»

Japan Inflation Data Due On Friday (24 min(s), 03 sec(s) ago)
(RTTNews) - Japan will on Friday release March national figures for consumer prices, highlighting ...Full Story»

Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions (01 hr(s), 09 min(s), 57 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Malaysian Economic Growth Fastest In A Year

04/19/2024 - 08:00 AM (RTTNews)
(RTTNews) - Malaysia's economic expansion accelerated in the first quarter, driven by positive ...Full Story>>

Greece Current Account Deficit Widens

04/19/2024 - 07:17 AM (RTTNews)
(RTTNews) - Greece's current account deficit increased in February from a year ago due to a de ...Full Story>>

Spain Trade Gap Narrows Slightly

04/19/2024 - 06:25 AM (RTTNews)
(RTTNews) - Spain's foreign trade deficit decreased somewhat in February from a year ago as im ...Full Story>>

UK Retail Sales Stable In March

04/19/2024 - 04:52 AM (RTTNews)
(RTTNews) - UK retail sales were unchanged on a month-on-month basis in March, defying expectation ...Full Story>>

Italy Construction Output Falls 3.9%

04/19/2024 - 04:38 AM (RTTNews)
(RTTNews) - Italy's construction output decreased for the first time in five months in Februar ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.