FACTORY output — both in volume and value terms — rebounded January, the Philippine Statistics Authority (PSA) reported on Tuesday, raising expectations of sustained growth for the rest of the year.

The volume of production index (VoPI) rose 21.9 percent in January from a year ago while the value of production index (VaPI) climbed 20.4 percent, according to the PSA’s Monthly Integrated Survey of Selected Industries.

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