Manufacturing production in the Philippines tumble 74.2 percent year-on-year in March 2021, after revised 46.4 percent plunge in February. This was the steepest decline in manufacturing output since last August, amid disruptions caused by COVID-19 pandemic. Production fell more for, among other: petroleum products (-97.3.3% vs -88.6% in February), pharmaceutical products (-28.0% vs -25.4%). Meanwhile, production continued to fall for machinery except electrical (-39.3% vs -54.1%), textiles (-1.3% vs -27.1%). By contrast, output grew for electrical equipment (33.6% vs 0.5%), food products (2.0% vs -12.0%), fabricated metal products (84.9% vs 25.9%), wearing apparel (8.7% vs -28.2%), furniture (23.9% vs -24.7%), rubber and plastic products (39.0.3% vs -15.4%), transport equipment (23.0% vs -11.7%), paper products (25.6% vs -8.4%), electronic and optical products (1.8% vs -16.2%), and non-metallic mineral products (44.0% vs -6.1%). source: Phillipine Statistics Authority

Industrial Production in Philippines averaged 6.08 percent from 1986 until 2021, reaching an all time high of 68.60 percent in April of 1988 and a record low of -82.90 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 May of 2021.

Industrial Production in Philippines is expected to be 9.50 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 7.50 in 12 months time. In the long-term, the Philippines Manufacturing Production is projected to trend around 6.00 percent in 2022, according to our econometric models.

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Philippines Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-74.20 -46.40 68.60 -83.10 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-05 01:00 AM Dec -5.1% -11.5% -10%
2021-03-09 01:00 AM Jan -21.1% -15.4% -6.5%
2021-04-08 01:00 AM Feb -46.5% -16.7% -15%
2021-05-07 01:00 AM Mar -74.2% -46.4% -5.5%
2021-06-08 01:00 AM Apr -74.2%
2021-07-08 01:00 AM May
2021-08-06 01:00 AM Jun
2021-09-09 01:00 AM Jul


News Stream
Philippines Manufacturing Output Slumps the Most in 7 Months
Manufacturing production in the Philippines tumble 74.2 percent year-on-year in March 2021, after revised 46.4 percent plunge in February. This was the steepest decline in manufacturing output since last August, amid disruptions caused by COVID-19 pandemic. Production fell more for, among other: petroleum products (-97.3.3% vs -88.6% in February), pharmaceutical products (-28.0% vs -25.4%). Meanwhile, production continued to fall for machinery except electrical (-39.3% vs -54.1%), textiles (-1.3% vs -27.1%). By contrast, output grew for electrical equipment (33.6% vs 0.5%), food products (2.0% vs -12.0%), fabricated metal products (84.9% vs 25.9%), wearing apparel (8.7% vs -28.2%), furniture (23.9% vs -24.7%), rubber and plastic products (39.0.3% vs -15.4%), transport equipment (23.0% vs -11.7%), paper products (25.6% vs -8.4%), electronic and optical products (1.8% vs -16.2%), and non-metallic mineral products (44.0% vs -6.1%).
2021-05-07
Philippines Manufacturing Output Slumps the Most in 5 Months
Manufacturing production in the Philippines plunged 46.5 percent year-on-year in February 2021, after revised 16.7 percent fall in January. This was the thirteenth straight month of drop in manufacturing output and the steepest decline since last September, amid disruptions caused by COVID-19 pandemic. Production fell more for, among other: petroleum products (-89.3% vs -53.0% in January), food products (-6.5% vs -2.0%), machinery except electrical (-50.8% vs -49.5%), fabricated metal products (17.5% vs -1.2%), wearing apparel (-29.9% vs -24.5%), furniture (-33.6% vs -31.8%), rubber and plastic products (-15.3% vs -7.1%), while dropped for both transport equipment (-9.2% vs 6.8%) and paper products (-2.6% vs 1.7%). Output decreased less for: electronic and optical products (-16.9% vs -17.8%), non-metallic mineral products (-4.1% vs -12.2%), textiles (-33.2% vs -44.0%), leather (-21.1% vs -14.9%). In contrast, output grew for electrical equipment (9.3% vs 17.0%).
2021-04-08
Philippines Industrial Output Fall for 11th Month
Manufacturing production in the Philippines tumbled 21.1 percent year-on-year in January 2021, after revised 15.4 percent drop in December. This was the eleventh straight month of drop in manufacturing output, amid disruptions caused by COVID-19 pandemic. Production fell further for, among other: petroleum products (-53.1% vs -47.3% in December), electronic and optical products (-17.6% vs -14.1%), food products (-16.1% vs -1.7%), machinery except electrical (-51.0% vs -48.1%), non-matallic mineral products (-22.6% vs -22.5%), fabricated metal products (-14% vs -14.5%), wearing apparel (-25.4% vs -34.4%), furniture (-29.8% vs -22%), textiles (-35.5% vs -16.5%), leather (-16.6% vs -7.7%), rubber and plastic products (-2.1% vs 2.5%). In contrast, output grew for transport equipment (5.5% vs 12.8%), electrical equipment (13.8% vs -3.3%), and paper products (14.5% vs 15.4%).
2021-03-09
Philippines Manufacturing Output Drops the Least in 10 Months
Manufacturing production in the Philippines declined by 5.1 percent year-on-year in December 2020, after a downwardly revised 11.5 percent slump in November. This was the tenth straight month of drop in manufacturing output but the weakest pace in the sequence, amid ongoing COVID-19 restrictions. There were falls in the production of petroleum products (-48.1% vs -65.9% in November), machinery except electrical (-33.4% vs -29.5%), footwear (-37.7% vs -33.3%), transport equipment (-19.1% vs -16.5%), tobacco (-43.8% vs -53.5%), non-metallic mineral products (-27.4% vs -30.2%), fabricated metal products (-19.8% vs -21.2%), leather products (-40.7% vs -42.9%), and miscellaneous manufactures (-3.3% vs -11.1%). In contrast, output grew for food manufacturing (7.0% vs 1.9%), electrical machinery (4.5% vs -3.3%), chemical products (4.5% vs 2.0%), beverages (1.5% vs -13.7%), and rubber and plastic products (1.5% vs -5.6%).
2021-02-05

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