Manufacturing rising fast

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Industrial production in the Philippine grew faster in April in both volume and in value than in the previous month and a year earlier, the latest Monthly Integrated Survey of Selected Industries (MISSI) released by the Philippine Statistics Authority (PSA) on Friday showed.

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The volume of production index (VoPI) in April grew 10.5 percent, faster than the revised 8.9-percent growth in March. It also gained 6.8 percent from the revised growth of 1.8 percent in March, reversing the 6.4-percent decline in April 2015.

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