Factory Output Expands in October

The Volume of Production Index (VoPI) slowed to 8.4 percent in October from 9.9 percent in September, but still faster than the 1.5 percent growth in October 2015. This was attributed to increased production in 10 out of 20 major sectors that include the heavily-weighted petroleum products, non-electrical machinery, transport equipment and food manufacturing. Similarly, the Value of Production Index (VaPI) grew 4.3 percent in…

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