MANUFACTURING SECTOR BABAWI SA 3RD QUARTER

INAASAHANG babawi ang manufacturing sector sa third quarter ng taon matapos ang bahagyang pagbagal ng paglago nito sa second quarter.

Sinabi ni Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort sa Philippine News Agency (PNA) na ang manufacturing at iba pang production activities ay inaasahang sisigla sa third quarter ng 2023 dahil sa seasonal increase sa importation, manufacturing at iba pang production activities.

Ang paglago ng manufacturing sector ng bansa noong Hunyo ay bumagal kumpara noong Mayo.

Naunang iniulat ng Philippine Statistics Authority (PSA) na ang Volume of Production Index ay tumaas ng 3.4 percent mula 7.7 percent noong Mayo.

Bumagal din ang paglago ng Value of Production Index sa 3.9 percent noong Hunyo mula 9.9 percent noong Mayo.

“The pick up in the third quarter is in preparation for the seasonal increase, if not, the peak in demand and sales, for both the local and export market, during the Christmas season, a consistent pattern seen for many years and decades,” ayon kay Ricafort.

“The preparations for the new school year would also help increase business and other economic activities in the local economy, including some boost in manufacturing and other production activities,” aniya.

The lifting of the Covid state of national public health emergency since July 22, 2023 after more than three years would also help reopen the economy towards greater normalcy, in terms of increased local and foreign tourism, among others, thereby a source of growth for services and manufacturing activities,” dagdag pa niya.

Gayunman, sinabi ni Ricafort na maaari pa itong ma-offset ng pagtaas sa presyo, lalo na ng mas mataas na presyo ng bigas at langis. ng pinsala ng bagyong Egay, at ng mas mataas na interest rates.

-(PNA)