INDUSTRIAL output grew at a slower pace in terms of volume but value surged in February with expansions recorded in the production of petroleum products, transport equipment, basic metals and other major sectors, government data showed Tuesday.

The Volume of Production Index (VoPI) increased by 10.7 percent in February, slower than the 11.6 percent a year earlier, the latest Monthly Integrated Survey of Selected Industries (MISSI) released by the Philippine Statistics Authority (PSA) showed.

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