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.