Industrial production in the Philippines fell in May in both volume and in value from the previous month. The decline was largely in manufacturing leather products, according to the latest Monthly Integrated Survey of Selected Industries (MISSI) the Philippine Statistics Authority (PSA) released Tuesday.

The volume of production index (VoPI) in May dropped 1.2 percent from than the revised 11.8 percent growth in April. The negative growth was also worse than the 1.1 percent fall recorded a year ago.

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