PHILIPPINE factory output in volume and in value slowed down in March from the previous month and a year earlier but still exceeded the forecast by analysts, according to the latest Monthly Integrated Survey of Selected Industries (MISSI) released by the Philippine Statistics Authority (PSA) on Wednesday.
The volume of production index (VoPI) in March slackened to 7.8 percent from the revised 11.2 percent in February and from the 14.9 percent a year earlier.
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