Industrial production in the Philippines dropped by 5.8 percent year-on-year in November 2019, after a revised 4.7 percent fall a month earlier. This was the 12th straight month of fall in industrial output and the steepest since August, as production contracted for electrical machinery (-9.7% vs -10.2% in October), food manufacturing (-6.3% vs -9.9%), machinery except electrical (-9.5% vs 13.5%), petroleum products (-5.1% vs -10%), basic metals (-17.7% vs -17.4%), miscellaneous manufactures (-13.1% vs -12.2%), transport equipment (-1.8% vs -5.3%), textiles (-4.5% vs -12.3%), leather products (-7.7% vs -30%), and chemicals (-0.2% vs 18.1%). In addition, production growth slowed for printing (45.6% vs 52.4%), and non-metallic mineral products (7.9% vs 9.3%). Meanwhile, output grew faster for fabricated metal products (23.2% vs 12.6%), and rubber and plastics (8.1% vs 6.2%), while rebounded for tobacco products (23.2% vs -4.4%), and footwear and wearing apparel (3% vs -4.7%).
Industrial Production in Philippines averaged 7.99 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. This page provides - Philippines Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Phillipine Statistics Authority
Industrial Production in Philippines is expected to be 4.20 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 5.30 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.