Manufacturing Numbers Decline in May

The manufacturing sector contracted for the first time this year in May due to the decreased production of leather, chemical and petroleum products. The Volume of Production Index (VoPI), registered a year-on-year drop of 1.2 percent, close to the 1.1 percent decline in the same period last year. The Value of Production Index (VaPI), fell 4.9 percent, slower than the eight percent reduction last year. High levels of inventories at the…

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