The Value of Production Index (VaPI) for manufacturing showed an annual increment of 523.3 percent in August 2021. This was the second highest annual growth rate in the 2018-based data series of VaPI after hitting its highest annual increase in the previous month at 528.7 percent. In contrast, the annual growth rate for VaPI in August 2020 was recorded at -83.1 percent.

The Value of Production Index (VaPI) for manufacturing further grew in June 2021 with an annual rate of 439.6 percent, from its previous month’s three-digit annual increase of 248.1 percent. The year-on-year growth rate in June 2021 was the third positive growth since April 2019 and the highest annual growth in the 2018-based data series. In contrast, the annual growth rate for VaPI in June 2020 was recorded at -81.7 percent. (Tables A and 1)

The Value of Production Index (VaPI) for manufacturing rebounded in April 2021 as it posted an annual increase of 154.3 percent, from a -74.2 percent annual drop in the previous month.