PH factory output dips for 7th straight month

THE country’s manufacturing output, both in volume and value, declined for the seventh consecutive month, the Philippine Statistics Authority (PSA) reported on Tuesday.

Results of the latest Monthly Integrated Survey of Selected Industries showed that the volume of production index (VoPI) contracted by 10.5 percent in June from last year’s 9.8-percent expansion. It was also worse than May’s 9.9-percent decline.