FACTORY output growth turned negative in September, with both value and volume of production contracting from a year earlier, the Philippine Statistics Authority (PSA) reported on Wednesday.
The Value of Production Index (VaPI) came in at -7.6 percent, down from 0.01 percent in August and 9.2 percent a year ago, while the Volume of Production Index (VoPI) also decelerated to -6.3 percent from 1.2 percent and 9.5 percent a month and a year earlier, respectively.
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