The Value of Production Index (VaPI) for manufacturing posted a year-on-year increase of 21.3 percent in January 2022, from a slightly faster annual growth rate of 22.1 percent in the previous month.

The Value of Production Index (VaPI) for manufacturing further grew in November 2021 with an annual growth rate of 26.5 percent, from its previous month’s annual increase of 25.9 percent. In contrast, the recorded annual growth rate for VaPI in November 2020 was -25.4 percent. (Tables A and 1)

The Value of Production Index (VaPI) for manufacturing posted a three-digit annual rate of 122.7 percent in September 2021.