Manufacturing performance ng PHL, tumaas sa unang 7 buwan ng 2024 ayon sa PSA;

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Manufacturing performance ng PHL, tumaas sa unang 7 buwan ng 2024 ayon sa PSA;

Kabuuang halaga ng produksyon sa bansa, umakyat sa 97.5%

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Transcript
00:00Suddenly, the country's manufacturing performance this year, according to the Philippine Statistics Authority,
00:07is equal to 2% loss compared to the previous year.
00:11Claycel Pardilla has the details.
00:16Aron saved his new motorcycle for his work.
00:22So that it won't be a hassle for me to go to work every day.
00:29I'm a bit adventurous, so I want to go to tourist spots in the Philippines that have motorland.
00:40According to a power sports company, they increased the production of motorcycle manufacturing this year.
00:46Compared to the pandemic, of course, the demand for motorcycles has increased.
00:51The small motorcycles, yes, for city driving, also for the women.
00:57And also, the demand for our big bikes has also increased.
01:01According to the Philippine Statistics Authority,
01:04the Philippines' manufacturing performance in the first seven months of 2024 is equal to 99.7%.
01:12From January to July this year, 99.7% of the country's production was made.
01:20This is more than 2% loss compared to 2023.
01:25The production of oil products, computers, electronics, drinks, food, and other products was also affected.
01:35According to a company that makes frozen products,
01:39this is part of their preparation for the upcoming holiday season.
01:43We are also doing preparations for the last quarter of the year.
01:49We would also like to invite everyone to participate in buying our products,
01:55like hotdogs, bacon, and other meat processing products.
02:01The total production in the Philippines was reduced to 97.5%.
02:07This is one of the reasons why the country's gross domestic product rose in the second quarter of 2024.
02:14The last GDP was 5.5 trillion pesos.
02:19The manufacturing industry contributed 17.1%.
02:24We all know that our economy was really down in 2020.
02:29And starting 2021, the production of our stocks started to increase.
02:37The policies that were imposed by the government to increase production helped a lot.
02:45To further increase the confidence of businessmen and residents in the Philippines,
02:51the administration of President Ferdinand R. Marcos Jr.
02:56is pushing for a faster and digitalized process of business.
03:00The Anti-Reddit Authority is calling for a follow-up to the electronic business one-stop shop.
03:06Of the 1,600 countries in the Philippines,
03:091,100 have already automated the process of business.
03:15Following President Ferdinand R. Marcos Jr.'s target of making regional hubs
03:20and manufacturing and services in our country smart and sustainable,
03:26Kalei Zalpardiliya for Pambansang TV in the new Philippines.

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