Value of Production Index (VaPI) jumps in July 2003
Value of Production Index (VaPI) of the manufacturing industry went up by 12.9 percent in July 2003 compared with year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Fifteen (15) sectors which exhibited double-digit increases largely contributed to the expansion in production: basic metals, machinery excluding electrical, wood and wood products, miscellaneous manufactures, petroleum products, textile, nonmetallic mineral products, chemical products, food manufacturing and rubber products (see Table 1-A).
On a month-on-month comparison, VaPI recovered with a 1.9 percent impr