The Philippine manufacturing industry posted a contraction in March due to the annual decline in the production of food products during the month, data released by the Philippine Statistics Authority (PSA) on Wednesday showed.The PSA reported that the volume of production index (VoPI) contracted by 0.8% in March, which was driven mainly by the drop in three industry divisions — manufacture of food down by 8.1%; computers and electronic products by 5.3%; and coke and refined petroleum products by... Read this story
