The Value of Production Index (VaPI) for manufacturing posted an annual decrement of -5.1 percent in December 2020 compared with the faster drop of -11.5 percent in the previous month. The decline of VaPI in December 2020 was the tenth consecutive month of contraction and the lowest decrease since March 2020. In December 2019, VaPI dropped by -6.8 percent. (Table A)

The Value of Production Index (VaPI) for manufacturing posted an annual decrement of -5.1 percent in December 2020 compared with the faster drop of -11.5 percent in the previous month.

The Value of Production Index (VaPI) for manufacturing continued to decline at an annual rate of -14.2 percent in October 2020.