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Factory output logs 8 consecutive month of decline

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The country’s manufacturing output dropped for the eighth consecutive month this year, but the government is confident that the faster implementation of infrastructure projects would boost demand for construction-related materials.

In the PSA’s August monthly integrated survey of selected industries, the volume of production index was down by 9.3 percent, while the value of production index contracted by 7.9 percent.

For this reason, the National Economic and Development Authority said the implementation of infrastructure projects should be hastened to help sustain demand for construction-related manufactures. The sub-sector growth was attributed to the construction of new cement plants and also in part to the expansion in infrastructure spending of the government.

 

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