Factory output — both in volume and value terms — slumped in September on the back of declines in the production of petroleum products, transport equipment and export-oriented goods, the government reported on Friday.
The volume of production index (VoPI) fell by 3.7 percent while the value of production index (VaPI) dropped by 4.3 percent, the Philippine Statistics Authority (PSA) said, reversing from August’s revised 1.6 percent and 1.2 percent gains, respectively.
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