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.


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Philippines Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-5.80 -4.70 68.60 -26.60 1986 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 01:00 AM Aug -7.9% -5.5% -2.9%
2019-11-05 01:00 AM Sep -2.3% -8.3% -6.6%
2019-12-05 02:00 AM Oct -4.3% -3.4% -5.5%
2020-01-07 01:00 AM Nov -5.8% -4.7% -5.0%
2020-02-05 01:00 AM Dec -5.8% -4.4%


News Stream
2019-12-05
Philippines Manufacturing Output Falls for 11th Month
Industrial production in the Philippines dropped by 4.3 percent year-on-year in October 2019, the eleventh straight month of fall, after a revised 3.4 percent drop a month earlier. Output contracted further for electrical machinery (-20.4% vs -14.6% in September), petroleum products (-25.6% vs -25.1%), basic metals (-13.5% vs -20.4%), miscellaneous manufactures (-22.3% vs -11.9%), transport equipment (-7.6% vs -10.1%), and textiles (-10.8% vs -4.8%). In addition, production growth slowed for printing (96% vs 113.5%), tobacco products (40.2% vs 55.7%), machinery except electrical (4.2% vs 9.4%), beverages (6.4% vs 14.8%), paper and paper products (8.2% vs 9.7%), furniture & fixtures (8.7% vs 15.7%), and wood & wood products (8.1% vs 18.2%). Meanwhile, output of chemical products grew faster (7.8% vs 4.3%), while those of leather products rebounded (6.3% vs -1.1%).

2019-11-05
Philippines Industrial Output Falls for 10th Month
Manufacturing production in Philippines declined 2.3 percent year-on-year in September 2019, the tenth straight month of drop, after an upwardly revised 8.3 percent fall in the prior month. Output fell at a softer rate for petroleum products (-25.2% vs -61.8% in August), transport equipment (-9.2% vs -18.5%), miscellaneous manufactures (-11.9% vs -16.5%), footwear & wearing apparel (-3.4% vs -4.9%), and chemical products (-1.2% vs -1.4%). In addition, production growth accelerated for printing (79.9% vs 59.9%), basic metals (8.1% vs 3.3%), and fabricated metals (19.2% vs 15.9%); while output rebounded for both machinery except electrical (9.1% vs -0.9%), and furniture and fixtures (14.3% vs -9.1%). Also, production picked up for both beverages (18% vs 0.2%), and wood & wood products (14.1% vs 3.4%).

2019-10-04
Philippines Manufacturing Output Fall for 9th Month
Manufacturing production in the Philippines dropped by 7.9 percent in August 2019, the ninth straight month of contraction, after a revised 5.5 percent drop in July. Output declined for petroleum products (-61.8% vs -74.4% in July), electrical machinery (-14.3% vs -9.2%), transport equipment (-18.5% vs 3.5%), miscellaneous manufactures (-14% vs -13.6%), beverages (-5.3% vs 6.9%), textiles (-6.8% vs -2.4%), furniture and fixtures (-6.6% vs 23.2%), footwear and wearing apparel (-1.4% vs 3.6%), and paper products (-0.3% vs 4.5%). In addition, production growth slowed for chemical products (7.5% vs 11.8%), non-metallic mineral products (12.7% vs 19.4%), fabricated metals (15.6% vs 28.1%), and machinery except electrical (2.1% vs 12.1%).

2019-09-05
Philippines Manufacturing Output Falls for 6th Month
Manufacturing production in the Philippines dropped by 7.3 percent year-on-year in July 2019, the sixth straight month of yearly decline, after an upwardly revised 10.2 percent fall in a month earlier. Declines were seen in the output of petroleum products (-76.5% vs -69.9%), electrical machinery (-8% vs -8.3% in June), basic metals (-8.5% vs -23.8%), miscellaneous manufactures (-13.6% vs -8.3%), and textiles (-3.3% vs -3.8%). In contrast, production grew further for chemical products (11.1% vs 1%), beverages (9.8% vs 21.2%), printing (36.4% vs 66.3%), rubber & plastics (8.7% vs 11.9%), wood & wood products (43.1 vs 4.4%), and non-metallic mineral products (1.5% vs 3%); while rebounded for food manufacturing (3.6% vs -6.8%), fabricated metal products (26% vs -1.5%), furniture & fixtires (23.2% vs -6%), and transport equipment (2.8% vs -5.8%).

2019-08-06
Philippines Manufacturing Output Falls for 5th Month
Manufacturing production in the Philippines dropped by 9.6 percent year-on-year in June 2019, after an upwardly revised 9.1 percent fall in a month earlier. It was the fifth straight month of yearly decline in industrial output, as production fell further for: petroleum products (-69.3% vs -47.0% in May), electrical machinery (-7.2% vs -3.2%), basic metals (-18.3% vs -6.7%), food manufacturing (-1.9 percent vs -17.8 percent), non-metallic mineral products (-5.1% vs -14.1%), and miscellaneous manufactures (-0.2% vs -2.9%). In addition, output growth eased for: printing (70.4% vs 74.6%), transport equipment (4.8% vs 16.2%), rubber and plastics(7.4% vs 7.7%), fabricated metal products (9.5% vs 45.4%), and wood % wood products (15.1% vs 26%). Meanwhile, production grew faster for both paper & paper products (3.3% vs 1.7%), and beverages (17.3% vs 7%).

2019-07-05
Philippines Manufacturing Output Falls the Least in 4 Months
Manufacturing production in the Philippines dropped by 2.1 percent year-on-year in May 2019, after an upwardly revised 11.3 percent fall in a month earlier. It was the fourth consecutive decline in industrial output and the smallest in the current sequence of decreases, as production fell at softer rate for food manufacturing (-17.7 percent vs -24.7 percent in April); basic metals (-13.5 percent vs -22.2 percent) and leather (-18.3 percent vs -24 percent). Additionally, output rose further for machinery except electrical (7.2 percent vs 1.7 percent); fabricated metal products (27.2 percent vs 25.4 percent) and printing (17.7 percent vs 9.3 percent). Also, production rebounded for petroleum products (31 percent vs -25.1 percent); transport equipment (15.5 percent vs -7.8 percent) and wood (22 percent vs -4.9 percent). Meantime, output slowed for electrical machinery (0.6 percent vs 3.4 percent); non-metallic mineral (3.1 percent vs 3.9 percent) and paper (4.1 percent vs 10.4 percent).


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

Philippines Business Last Previous Highest Lowest Unit
Business Confidence 40.20 37.30 54.90 -32.60 points [+]
Industrial Production -5.80 -4.70 68.60 -26.60 percent [+]
Capacity Utilization 84.45 84.47 84.47 74.30 percent [+]
Changes in Inventories -13243.40 -26360.80 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 9246.00 9551.00 14182.00 993.00 [+]
Manufacturing Pmi 51.70 51.40 57.50 50.60 points [+]
Competitiveness Index 61.87 62.13 62.13 3.90 Points [+]
Competitiveness Rank 64.00 56.00 87.00 47.00 [+]
Ease of Doing Business 95.00 124.00 144.00 95.00 [+]
Corruption Index 34.00 36.00 38.00 23.00 Points [+]
Corruption Rank 113.00 99.00 141.00 36.00 [+]