THE Philippine Statistics Authority said that the Philippine manufacturing growth had accelerated in November 2023.

According to the PSA, this is due to the improved production of beverages, transport equipment, and chemical products during the month, government data released on Tuesday showed.

Likewise the PSA, said that the volume of production index (VoPI) also grew by 1.9% last November.

It is said to be faster than the 1.5% growth recorded in the previous month.

The figures is due to the slower decline in the manufacture of beverages at 11.6% from 34.4% the previous month, and in chemical and chemical products at 2.4% from 10.9%. The manufacture of transport equipment rose by 17.1%, faster than the 5.8% in October.

Meanwhile there is a noted faster annual growth was also recorded in the manufacture of coke and refined petroleum products (37.0%), electrical equipment (29.9%), basic metals (26.6%), printing and reproduction of recorded media (8.6%), and the manufacture of paper and paper products (0.7%).