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flag Philippine factory output dropped in November 2024, with key indices falling due to typhoons and higher costs.

flag Philippine factory output fell in November 2024, with the Value of Production Index (VaPI) and Volume of Production Index (VoPI) dropping by 3.9% and 4.2% respectively. flag The decline was mainly due to lower production in food products, transport equipment, and electronic goods, influenced by typhoons and rising input costs. flag The average capacity utilization rate was 75.6%, down slightly from the previous month.

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