The year-on-year headline inflation rate in the Philippines continued to move at a slower pace of 4.7 percent in November from 5.4 percent in October. Slowdowns in the annual inflation rates of all the commodity groups except for housing and repairs (H&R) contributed to the downtrend.

Value of Production Index (VaPI) for the manufacturing industry dipped further by 11.2 percent in October 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).
Volume of Production Index (VoPI) continued to decline as it posted a decrease of 19.2 percent in October 2006.

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