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Factory output volume, value posts improved growth in July

MANUFACTURING output accelerated in July, the Philippine Statistics Authority (PSA) reported on Friday, with both volume and value growth registering increases.

The Value of Production Index (VaPI) came in at 4.7 percent and the Volume of Production Index (VoPI) hit 5.3 percent, up from 3.3 percent and 3.6 percent a month earlier, respectively.