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MANILA, Philippines – Philippine manufacturing output expanded at a slower pace in May as key industries slipped into contraction or posted weaker gains, although production remained among its strongest in more than four years.
Latest data from the Philippine Statistics Authority (PSA) showed that the Volume of Production Index (VoPI) increased by 10.2 percent year-on-year in May.
READ: Factory output hit 4-yr high in April
This was slower than the revised 11.7-percent growth recorded in April, which was the strongest expansion since March 2022.
