Industrial production — both in volume and value terms — recovered in August from a slump the previous month but growth moderated from a year earlier.
The volume of production index (VoPI) grew by 2.8 percent while the value of production index (VaPI) picked up 2.4 percent, the Philippine Statistics Authority (PSA) reported on Tuesday, rebounding from July’s revised 3.5 percent and 2 percent declines, respectively.
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