Value of Production remains at single-digit growth
Value of Production Index (VaPI) for the manufacturing industry recorded a slow growth of 3.0 percent in July 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Factory performance of basic metals showed a significant improvement, with 71.7 percent increase, followed by other three (3) major sectors that posted two-digit growth, namely: food manufacturing, footwear and wearing apparel, and fabricated metal products. Refer to Tables 1-A and 1.