PH factory output slips for 5th straight month

THE country’s factory output declined for the fifth consecutive month in April, data from the Philippine Statistics Authority (PSA) showed on Tuesday.

Results of the latest Monthly Integrated Survey of Selected Industries showed that the volume of production index (VoPI) in April plunged to -14.0 percent, worse than the -9.5 percent in March and a reversal of the 21.0 percent expansion in April 2018.