THE country’s factory output, both in volume and value, continued to contract in May, but at a pace slower than April’s, data from the Philippine Statistics Authority (PSA) showed on Friday.
Results of the Monthly Integrated Survey of Selected Industries for the month revealed that the volume of production index (VoPI) dropped by 4 percent from last year’s 13-percent expansion, but improved from April’s 14.3-percent plunge.
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