Factory output down anew in January – PSA

Factory output continued to fall in January but the contraction was narrower compared to a month earlier, the Philippine Statistics Authority (PSA) reported on Tuesday.

The value and volume of production indices (VapI and VoPI) declined by -0.7 percent and -4.1 percent respectively compared to growth of 10.9 percent and 10.8 percent a year earlier, but improved from the -11.7 percent and -11.9 percent recorded in December 2018.