Factory output recovers in April

Jun 08, 2024 12:40 am

MANUFACTURING output rebounded in April, the Philippine Statistics Authority (PSA) reported on Friday, with both value and volume growing by 5.9 percent and 6.7 percent, respectively, following contractions of 6.8 percent and 5.8 percent a month earlier.

The results were lower than the 10.7 percent and 8.0 percent recorded in April last year, preliminary PSA data showed.

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