Filipino shoe production records rapid growth
Factory output in the Philippines rose by just 3.1% in May,
according to the National Statistics Office.
Growth was largely driven by three-digit growth in the production
output of footwear and wearing apparel (+124.7%), transport equipment (118.2%)
and furniture and fixtures (103.4%).
Among the 16 major sectors that reported increased
production output, five sectors significantly contributed to the growth,
namely: footwear and wearing apparel (23.1%), fabricated metal products (22.2%),
petroleum products (19.2%), non-electrical machinery (13.8%) and leathergoods
(12.5%).