FACTORY output, both in terms of volume and value, contracted in February, the Philippine Statistics Authority (PSA) reported on Tuesday.

The volume of production (VoPI) and value of production (VaPI) indices respectively fell by 2.4 percent and 1.6 percent — reversing from 2.3- and 3.0-percent expansions a month earlier and the 3.2 percent and 1.8 percent posted a year ago.

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