Factory output continues slide in Aug

THE country’s manufacturing output, both in volume and value, dropped for the ninth consecutive month in August, the Philippine Statistics Authority (PSA) said on Friday.

Results of the statistics agency’s Monthly Integrated Survey of Selected Industries showed that the volume of production index (VoPi) declined by 9.3 percent in August, compared with the 6.1-percent contraction in July and 3.1-percent expansion the year before.