Factory production contracts in March

By Janine Alexis Miguel

May 09, 2024 12:30 am

MANUFACTURING output contracted in March, the Philippine Statistics Authority (PSA) reported on Wednesday, with the Value of Production Index (VaPI) falling by 1.7 percent and the Volume of Production Index (VoPI) also down 0.8 percent.

Both indices grew by 5.7 percent and 7.2 percent a month earlier and were also positive at 9.1 percent and 6.0 percent in March last year.

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