Manufacturing production in the Philippines eased to 10% year-on-year growth in September 2022, from an upwardly revised 11.8% rise in the previous month. It was the 17th month of successive expansion, as outputs soared on the back of further improvements in the COVID-19 situation. Output growth was seen in 15 out of 22 divisions, led by production in machinery and equipment except electrical (86.3% vs 85.1% in August), wood, bamboo, cane, rattan articles and related products (76.6% vs 9.9%), and chemical products (38.7% vs 23.9%). Conversely, manufacture of electrical equipment posted the highest decrease at -54.7% (vs -50%), along with basic metals (-34.2% vs -25.7%), and furniture (-11.5% vs -2.7%). Meanwhile, sharp swings were reported from printing and reproduction of recorded media (-6.5% vs 9%) and manufacture of beverages (-6.8% vs 0.6%). source: Philippine Statistics Authority

Industrial Production in Philippines averaged 11.75 percent from 1986 until 2022, 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 December of 2022.

Industrial Production in Philippines is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Manufacturing Production is projected to trend around 7.00 percent in 2023 and 9.00 percent in 2024, according to our econometric models.

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Philippines Manufacturing Production



Calendar GMT Actual Previous Consensus TEForecast
2022-10-07 01:30 AM Aug 11.0% 10.6% 6.5%
2022-11-08 01:00 AM Sep 10% 11.8% 9%
2022-12-07 01:00 AM Oct 10% 8.7%


Related Last Previous Unit Reference
Industrial Production 10.00 11.80 percent Sep 2022

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
10.00 11.80 531.30 -83.10 1986 - 2022 percent Monthly

News Stream
Philippines Manufacturing Growth Eases in September
Manufacturing production in the Philippines eased to 10% year-on-year growth in September 2022, from an upwardly revised 11.8% rise in the previous month. It was the 17th month of successive expansion, as outputs soared on the back of further improvements in the COVID-19 situation. Output growth was seen in 15 out of 22 divisions, led by production in machinery and equipment except electrical (86.3% vs 85.1% in August), wood, bamboo, cane, rattan articles and related products (76.6% vs 9.9%), and chemical products (38.7% vs 23.9%). Conversely, manufacture of electrical equipment posted the highest decrease at -54.7% (vs -50%), along with basic metals (-34.2% vs -25.7%), and furniture (-11.5% vs -2.7%). Meanwhile, sharp swings were reported from printing and reproduction of recorded media (-6.5% vs 9%) and manufacture of beverages (-6.8% vs 0.6%).
2022-11-08
Philippines Manufacturing Growth at 5-Month Peak
Manufacturing production in the Philippines grew by 11.0% yoy in August 2022, after a 10.6% gain in the prior month. This was the 16th straight month of expansion in manufacturing output and the steepest pace since March, amid further improvement in the COVID-19 situation. Output growth mainly accelerated for food products (18.9% vs 18.0% in July), transport equipment (31.0% vs 22.2%), computer, electronic (15.5% vs 10.7%), fabricated metal products (34.4% vs 25.7%), chemicals (20.8% vs 14.3%), other manufacturing (23.6% vs 11%), and leather products (23.3% vs 19.4%). Also, there was a rebound in production of pharmaceuticals (5.7% vs -6.9%), apparel (3.4% vs -0.7%), and furniture (3.2% vs -1.1%). In contrast, output fell further for basic materials (-20.4% vs -14.5%), electrical equipment (-48.2% vs -50.2%), tobacco (-11.5% vs -15.1%).
2022-10-07
Philippines Manufacturing Output Growth at 4-Month Peak
Manufacturing production in the Philippines grew by 10.6% yoy in July 2022, after a downwardly revised 8.3% gain in June. This was the 15th straight month of expansion in manufacturing output and the steepest pace since March, amid further improvement in the COVID-19 situation, with output growth mainly accelerating for food products (20.4% vs 18.6% in June), transport equipment (19.4% vs 12.4%), coke and refined petroleum (16.9% vs 5%), beverages (15.4% vs 0.9%), paper products (22.7% vs 20.6%), and chemicals (7.1% vs 6.7%). Also, there was a sharp rebound in both printing and reproduction of recorded media and leather products (18.7% vs -1.1%). Meantime, output growth eased for computer, electronic (10.6% vs 11.6%), other non-metallic mineral products (7.4% vs 16%), rubber & plastics (5.6% vs 7.5%), and textiles (23.4% vs 30.1%), amid further falls in production of electrical equipment (-51.2% vs -44.9%), basic metals (-9.4% vs -9.2%), and pharmaceutical products (-17.6% vs -9.3%).
2022-09-08