Factory output expands in April

By Anna Leah E. Gonzales

Jun 09, 2021 1:22 am

AFTER several months of consecutive decline, the country's factory output both in volume and value rebounded in April, preliminary data released by the Philippine Statistics Authority (PSA) showed on Tuesday.

Results of the statistics agency's latest Monthly Integrated Survey of Selected Industries showed the country's volume of production index (VoPI) went up by 162.1 percent in April, recovering from the -73.3 percent and -64.8 percent a month and a year ago, respectively.

Philippine manufacturing was affected by the resurgence of coronavirus cases, causing a fall in output and factory closures. THE MANILA TIMES FILE PHOTO

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