Factory production slows down in May

Jul 10, 2024 12:39 am

MANUFACTURING output slowed down in May, the Philippine Statistics Authority (PSA) reported on Tuesday, with both volume and value growth registering declines.

Data showed that the Value of Production Index (VaPI) declined by 2.2 percent and the Volume of Production Index (VoPI) went down by 3.2 percent.

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