Factory output fell to 20-year low in April

The volume and value of products churned out by the country’s factories fell to a 20-year low in April amid the enhanced community quarantine (ECQ)—among the most restrictive COVID-19 lockdowns in the region—which put a halt to business activities in areas comprising almost three-fourths of the economy. The Philippine Statistics Authority’s (PSA) monthly integrated survey […]

PH factory output fell to 20-year low in April

MANILA, Philippines – The volume and value of products churned out by the country’s factories fell to a 20-year low in April amid the enhanced community quarantine (ECQ)—said to be among the most restrictive COVID-19 lockdowns in the region—which put a halt to...