Manufacturing production in the Philippines declined by 13.8 percent year-on-year in August 2020, after an upwardly revised 17.2 percent slump a month earlier. This was the 21st straight month of decrease in manufacturing output, but the smallest fall since March, amid the prolonged impact caused by the COVID-19 outbreak that led factory closures and movement restrictions. Production fell softer for: transport equipment (-43.5% vs -61.1% in July), machinery except electrical (-38.5% vs 49.6%), tobacco (-36.6% vs -39.6%), footwear (-35.7% vs -39.1%), electrical machinery (-20.2% vs -23.7%), beverages (-8.5% vs -17.4%), rubber and plastic products (-12.4% vs -13.2%), food manufacturing (-4.6% vs -5.5%). In addition, output rebounded for chemical products (11.4% vs -3.1%), basic metals (0.1% vs -5.8%). Meantime, output continued to drop for non-metallic mineral products (-23.7% vs -20.7%), fabricated metal products (-15.4% vs -10.2%), petroleum products (-96.6% vs -89.3%). source: Phillipine Statistics Authority

Industrial Production in Philippines averaged 7.47 percent from 1986 until 2020, reaching an all time high of 68.60 percent in April of 1988 and a record low of -41.30 percent in April of 2020. This page provides - Philippines Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Industrial Production in Philippines is expected to be 5.30 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 5.50 in 12 months time. In the long-term, the Philippines Manufacturing Production is projected to trend around 6.00 percent in 2021, according to our econometric models.

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Philippines Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-13.80 -17.20 68.60 -41.30 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-07 01:00 AM May -42.1% -45.5% -20%
2020-08-05 01:00 AM Jun -22.5% -31.2% -34%
2020-09-04 01:00 AM Jul -14.8% -16% -15%
2020-10-06 01:00 AM Aug -13.8% -17.2% -7.5%
2020-11-05 01:00 AM Sep -13.8% -1.5%
2020-12-04 01:00 AM Oct


News Stream
Philippines Manufacturing Output Drops the Least in 5 Months
Manufacturing production in the Philippines declined by 13.8 percent year-on-year in August 2020, after an upwardly revised 17.2 percent slump a month earlier. This was the 21st straight month of decrease in manufacturing output, but the smallest fall since March, amid the prolonged impact caused by the COVID-19 outbreak that led factory closures and movement restrictions. Production fell softer for: transport equipment (-43.5% vs -61.1% in July), machinery except electrical (-38.5% vs 49.6%), tobacco (-36.6% vs -39.6%), footwear (-35.7% vs -39.1%), electrical machinery (-20.2% vs -23.7%), beverages (-8.5% vs -17.4%), rubber and plastic products (-12.4% vs -13.2%), food manufacturing (-4.6% vs -5.5%). In addition, output rebounded for chemical products (11.4% vs -3.1%), basic metals (0.1% vs -5.8%). Meantime, output continued to drop for non-metallic mineral products (-23.7% vs -20.7%), fabricated metal products (-15.4% vs -10.2%), petroleum products (-96.6% vs -89.3%).
2020-10-06
Philippines Manufacturing Output Falls for 20th Month
Manufacturing production in the Philippines dropped by 14.8 percent year-on-year in July 2020, after a downwardly revised 16 percent slump a month earlier. This was the 20th straight month of decline in manufacturing output, amid the prolonged impact caused by the COVID-19 outbreak that led factory closures and movement restrictions. Production fell in most major groups: transport equipment (-62%), machinery except electrical (-51.3%), tobacco (-38.4%), footwear (-36.2%), leather products (-34.5%), electrical machinery (-23.5%), non-metallic mineral products (-21.1%), beverages (-17.4%), rubber and plastic products (-15.5%), fabricated metal products (-10.5%), food manufacturing (-9.1%), and basic metals (-7.2%). In contrast, output rose for petroleum products (364.2%), wood and wood products (8.4%), and furniture and fixtures (2.3%).
2020-09-04
Philippines Manufacturing Output Falls for 19th Month
Manufacturing production in the Philippines dropped by 22.5 percent year-on-year in June 2020, after a downwardly revised 31.2 percent slump a month earlier. This was the 19th straight month of decline in manufacturing output, amid the prolonged impact caused by the COVID-19 outbreak that led factory closures and movement restrictions. Production fell in most major groups: electrical machinery (-26.4%), machinery except electrical (-43.4%), transport equipment (-62.7%), food manufacturing (-15%), non-metallic mineral products (-44.9%), footwear (-43.1%), tobacco (-56.8%), beverages (-17.9%), rubber and plastic products (-29.5%), basic metals (-16.6%), fabricated metal products (-18.3%), and leather products (-39.5%). In contrast, output rose for both petroleum products (6.7%) and wood and wood products (2.4%).
2020-08-05
Philippines Manufacturing Outputs Drop for 18th Month
Manufacturing production in the Philippines plunged 42.1 percent year-on-year in May 2020, after a downwardly revised 45.5 percent slump a month earlier. This was the 18th straight month of decline in manufacturing output, reflecting the severe impact caused bythe COVID-19 outbreak that led factory closures and movement restrictions. Production fell in all major groups: leather products (-40.8% vs -39.4% in April), footwear and wearing apparel (-78.7% vs -92.0%, furniture and fixtures (-11.0% vs -86.7%), fabricated mineral products (-59.7% vs -62.7%), non-metallic mineral products (-28.4% vs -58.8%), transport equipment (-80.3% vs -82.0%), beverages (-54.6% vs -73.5%), miscellaneous manufactures (-53.0% vs -64.3%), machinery except electrical (-62.3% vs -63.0%), electrical machinery (-37.8% vs -50.2%), printing (-61.4% vs -58.1%), petroleum products (-92.1% vs -57.5%), textiles (-43.9% vs -36.7%), basic metals (-46.2% vs -45.0%), and chemical products (-9.4% vs -9.0%).
2020-07-07

Philippines Manufacturing Production
In Philippines, Industrial Production is measured by the Value of Production Index (VaPI) of the manufacturing industry.