Manufacturing production in the Philippines declined by 9.3 percent in December 2018, after an upwardly revised 2.4 percent rise in November. It was the first drop in industrial output since December 2017, amid declines in production of food manufacturing (-15.8 pct vs -12.3 pct); chemicals (-28.2 pct vs -2.7 pct); printing (-78.5 pct vs -72.2 pct); basic metals (-16.5 pct vs 3.6 pct); machinery except electrical (-4.1 pct vs -7.5 pct); transport equipment (-6.6 pct vs 4 pct); and fabricated metal products (-8.5 pct vs -0.3 pct). In contrast, output grew for: petroleum products (16.3 pct vs 35.7 pct); electrical machinery (5.8 pct vs 19 pct); textiles (57 pct vs 53.7 pct); beverages (19 pct vs 25 pct); non-metallic mineral priducts (10.8 pct vs 6.9 pct); paper and paper products (9.7 pct vs 21.2 pct); wood and wood products (12.3 pct vs 2.4 pct); and miscellaneous manufactures (1.2 pct vs 25.2 pct). Industrial Production in Philippines averaged 8.38 percent from 1986 until 2018, 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 6.60 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 8.20 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-06 01:00 AM Industrial Production YoY 3.7% 8.6% 16.7%
2018-12-05 02:00 AM Industrial Production YoY 3.1% 4.5% 3.5%
2019-01-04 01:00 AM Industrial Production YoY 2.1% 4.9% 3%
2019-02-05 02:00 AM Industrial Production YoY -9.3% 2.4% 9.5%
2019-03-05 03:00 AM Industrial Production YoY -9.3%
2019-04-05 02:00 AM Industrial Production YoY
2019-05-07 03:00 AM Industrial Production YoY 6.5%


Philippines Business Last Previous Highest Lowest Unit
Business Confidence 27.20 30.10 54.90 -32.60 Index Points [+]
Industrial Production -9.30 2.40 68.60 -26.60 percent [+]
Capacity Utilization 84.27 84.31 84.34 74.30 percent [+]
Changes in Inventories -6995.67 -1813.03 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 9301.00 9197.00 14182.00 993.00 [+]
Manufacturing Pmi 52.30 53.20 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-9.30 2.40 68.60 -26.60 1986 - 2018 percent Monthly




Country Last Previous
Argentina -14.70 Dec/18
Australia 2.80 Sep/18
Brazil -3.60 Dec/18
Canada 4.20 Oct/18
China 5.70 Dec/18
Euro Area -4.20 Dec/18
France -1.40 Dec/18
Germany -3.90 Dec/18
India 2.40 Dec/18
Indonesia 0.60 Oct/18
Italy -5.50 Dec/18
Japan -1.90 Dec/18
Mexico -2.50 Dec/18
Netherlands 0.40 Nov/18
Russia 1.10 Jan/19
Saudi Arabia 5.84 Jun/18
Singapore 2.70 Dec/18
South Africa 0.10 Dec/18
South Korea 1.60 Dec/18
Spain -6.20 Dec/18
Switzerland 1.40 Sep/18
Turkey -9.80 Dec/18
United Kingdom -0.90 Dec/18
United States 3.80 Jan/19


Related

Latest