Manufacturing production in the Philippines dropped by 10.8 percent year-on-year in April 2019, following a 5.4 percent fall in a month earlier. This was the steepest yearly decline in manufacturing output since March 2013, as production fell further for: food manufacturing (-23.9 pct vs -18.5 pct in March), petroleum products (-25.1 pct vs -19.1 pct), basic metals (-23 pct vs -9 pct), tobacco products (-35.4 pct vs -0.6 pct), transport equipment (-7.5 pct vs 17.4 pct), beverages (-3.7 pct vs 9.6 pct), textiles (-3.4 pct vs 11. pct), leather (-24 pct vs 1 pct), and miscellaneous manufactures (-1.8 pct vs 3.8 pct). In contrast, output grew for: electrical machinery (3 pct vs 0.1 pct), chemicals (5.5 pct vs 1.8 pct), fabricated metal products (21.9 pct vs 13.7 pct), machinery except electrical (1.8 pct vs 5 pct), non-metallic mineral products (3.8 pct vs 6.2 pct), printing (9.2 pct vs 39.3 pct), and rubber and plastucs (2.9 pct vs 11.1 pct). Industrial Production in Philippines averaged 8.24 percent from 1986 until 2019, reaching an all time high of 68.60 percent in April of 1988 and a record low of -26.60 percent in January of 2009.

Industrial Production in Philippines is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Philippines to stand at 4.20 in 12 months time. In the long-term, the Philippines Manufacturing Production is projected to trend around 5.30 percent in 2020, according to our econometric models.

Philippines Manufacturing Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-05 01:00 AM Industrial Production YoY -0.7% -11.7% 8%
2019-04-05 02:00 AM Industrial Production YoY -5.5% 0.7% -1%
2019-05-07 01:00 AM Industrial Production YoY -5.4% -5.4% -2.8%
2019-06-04 02:00 AM Industrial Production YoY -10.8% -5.4% -7%
2019-07-05 02:00 AM Industrial Production YoY -10.8% -5%
2019-08-06 02:00 AM Industrial Production YoY -3%
2019-09-05 02:00 AM Industrial Production YoY


Philippines Business Last Previous Highest Lowest Unit
Business Confidence 35.20 27.20 54.90 -32.60 Index Points [+]
Industrial Production -10.80 -5.40 68.60 -26.60 percent [+]
Capacity Utilization 84.28 84.40 84.40 74.30 percent [+]
Changes in Inventories 36468.45 1950.16 92123.96 -83619.51 PHP Million [+]
Internet Speed 5450.74 4527.48 5450.74 795.57 KBps [+]
IP Addresses 1536948.00 1536732.00 1536948.00 477194.00 IP [+]
Total Vehicle Sales 9053.00 7661.00 14182.00 993.00 [+]
Manufacturing Pmi 51.20 50.90 57.50 50.60 [+]
Competitiveness Index 62.13 59.80 62.13 3.90 Points [+]
Competitiveness Rank 56.00 68.00 87.00 47.00 [+]
Ease of Doing Business 124.00 113.00 144.00 97.00 [+]
Corruption Index 36.00 34.00 38.00 23.00 Points [+]
Corruption Rank 99.00 111.00 141.00 36.00 [+]


Philippines Manufacturing Production

In Philippines, Industrial Production is measured by the Value of Production Index (VaPI) of the manufacturing industry. This page provides - Philippines Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Manufacturing Production - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-10.80 -5.40 68.60 -26.60 1986 - 2019 percent Monthly




Country Last Previous
Argentina -8.80 Apr/19
Australia 1.20 Mar/19
Brazil -3.90 Apr/19
Canada 0.32 Mar/19
China 5.00 May/19
Euro Area -0.40 Apr/19
France 1.10 Apr/19
Germany -1.80 Apr/19
India 3.40 Apr/19
Indonesia 7.90 Mar/19
Italy -1.50 Apr/19
Japan -1.10 Apr/19
Mexico -2.86 Apr/19
Netherlands -2.30 Apr/19
Russia 0.90 May/19
Saudi Arabia 2.34 Sep/18
Singapore 0.10 Apr/19
South Africa 4.60 Apr/19
South Korea -0.10 Apr/19
Spain 1.70 Apr/19
Switzerland 4.30 Mar/19
Turkey -4.00 Apr/19
United Kingdom -1.00 Apr/19
United States 2.00 May/19


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