Manufacturing production in the Philippines expanded 15.4% year-on-year in January 2023, accelerating from a downwardly revised 9.5% in the previous month. The reading pointed to the strongest growth since last March, with the production of transport equipment rising much faster (24.1% vs 4.0% in December) and that of electrical equipment rebounding sharply (55.3% vs -54.5%). Output also increased further for food products (25.1% vs 11.2%), beverages (36.6% vs 16.2%), other non-metallic mineral products (27.8% vs 14.6%), other manufacturing and repair & installation of machinery & equipment (32.3% vs 21.9%). Meanwhile, a modest recovery trend was seen in wearing apparel (16.2% vs -18.1%), printing & reproduction of recorded media (14.3% vs -12.6%), and textiles (14.0% vs -8.8%). By contrast, furniture production plunged 16.9%, after a 1.7% drop in the previous month. source: Philippine Statistics Authority

Industrial Production in Philippines averaged 11.66 percent from 1986 until 2023, reaching an all time high of 531.30 percent in August of 2021 and a record low of -83.10 percent in August 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 March of 2023.

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Philippines Manufacturing Production



Calendar GMT Actual Previous Consensus TEForecast
2023-02-09 01:00 AM Dec 10.1% 12.5% 4%
2023-03-09 01:00 AM Jan 15.4% 9.5% 9.0%
2023-04-11 01:00 AM Feb 15.4%


Related Last Previous Unit Reference
Industrial Production 15.40 9.50 percent Jan 2023

Philippines Manufacturing Production
In Philippines, Industrial Production is measured by the Value of Production Index (VaPI) of the manufacturing industry.
Actual Previous Highest Lowest Dates Unit Frequency
15.40 9.50 531.30 -83.10 1986 - 2023 percent Monthly

News Stream
Philippines Manufacturing Output Rises the Most in 10 Months
Manufacturing production in the Philippines expanded 15.4% year-on-year in January 2023, accelerating from a downwardly revised 9.5% in the previous month. The reading pointed to the strongest growth since last March, with the production of transport equipment rising much faster (24.1% vs 4.0% in December) and that of electrical equipment rebounding sharply (55.3% vs -54.5%). Output also increased further for food products (25.1% vs 11.2%), beverages (36.6% vs 16.2%), other non-metallic mineral products (27.8% vs 14.6%), other manufacturing and repair & installation of machinery & equipment (32.3% vs 21.9%). Meanwhile, a modest recovery trend was seen in wearing apparel (16.2% vs -18.1%), printing & reproduction of recorded media (14.3% vs -12.6%), and textiles (14.0% vs -8.8%). By contrast, furniture production plunged 16.9%, after a 1.7% drop in the previous month.
2023-03-09
Philippines Manufacturing Output Growth at 6-Month Low
Manufacturing production in the Philippines eased to 10.1% year-on-year in December 2022, after a downwardly revised 12.5% in the previous month. The reading pointed to the softest growth since June, as production mainly slowed for transport equipment (3.2% vs 20.5% in November), paper & paper products (11.3% vs 18.7%), textiles (2.6% vs 15.8%) and rubber & plastic products (8.2% vs 10.5%). Meanwhile, output fell further for basic metals (-36% vs -27.2%), wearing apparel (-18.3% vs -1.7%), electrical equipment (-54.4% vs -54.2%) and printing & reproduction of recorded media (-13.5% vs -12.7%).
2023-02-09
Philippines Manufacturing Output Growth Stays Robust
Manufacturing production in the Philippines rose by 12.7% year-on-year in November 2022, after an upwardly revised 13% in the previous month. The reading pointed to the second strongest growth in eight months, as production accelerated for computer, electronic and optical products (33.7% vs 13.7% in October), fabricated metal products except for machinery & equipment (53.3% vs 51.2%), coke and refined petroleum products (21.8% vs 19%), food products (7.6% vs 3.5%) and textiles (13.8% vs 2.4%). On the other hand, manufacturing continued to drop for basic metals (-23% vs -21.7%), electrical equipment (-53.6% vs -55.7%), printing & reproduction of recorded media (-14.5% vs -15.9%) and furniture (-18% vs -25.4%).
2023-01-06