The average capacity utilization rate of factories rose to a two-year high in June 2022 but this did not translate into a bigger manufacturing output during the period, according to the Philippine Statistics Authority .
“Average capacity utilization is the average of all firms in the sample. But sizes of firms vary [as well as] their Volume of Production,” National Statistician Claire Dennis S. Mapa told the BusinessMirror on Tuesday. “[It’s] not necessarily a one-to-one link.” The total firms being surveyed by the MISSI was placed at 949 but for June, only 630 responded. Mapa said, which translates to a 70 percent response rate.
The sector that posted the fastest growth was reported in manufacture of machinery and equipment except electrical at 45.3 percent. On the contrary, nine industry divisions recorded decreases with printing and reproduction of recorded media registering the steepest contraction of 25.1 percent.
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