FACTORY output growth remained positive in August but was markedly slower compared to the previous month and a year earlier, the Philippine Statistics Authority (PSA) reported on Tuesday.

The Value of Production Index (VaPI) came in at 1.8 percent, down from 6.4 percent in July and 6.1 percent a year ago, while the Volume of Production Index (VoPI) also decelerated to 2.8 percent from 6.8 percent and 5.8 percent a month and a year earlier, respectively.

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