FACTORY output — both in volume and value terms — rose in May from a year ago but lost some momentum compared to a month earlier, the Philippine Statistics Authority (PSA) reported on Thursday.
The volume of production index (VoPI) grew by 19.8 percent in May, down from 29 percent in April but also a reversal of the 0.6-percent contraction recorded a year ago based on results of the PSA’s latest Monthly Integrated Survey of Selected Industries.
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