The Philippine manufacturing producer price index (PPI) saw a YoY drop of 1 per cent in August from a 0.4-per cent YoY drop in July.
Month on month (MoM), it fell by 0.2 per cent in August from July’s 0.0004-per cent rise.
The PPI for readymade garments rose by 0.8 per cent YoY in August compared to a 1.7-per cent YoY rise in July and rose by 0.2 per cent MoM over July’s 0.2-per cent MoM drop.