Latest News Stream - Industrial Production

Manufacturing production in the Philippines grew by 12.7% year-on-year in September 2026, following a downwardly revised 10% increase in the previous month. This marked the fastest pace of growth since June, driven mainly by a sharp increase in the manufacture of coke and refined petroleum products (39.6% vs 25% in August), which accounted for 34.2% of the overall growth acceleration. Other major contributors included basic metals (37.1% vs 24.6%), transport equipment (16.1% vs 9.1%), and rubber and plastic products (18% vs 13.8%). Meanwhile, growth in the manufacture of computer, electronic and optical products moderated to 23.4% from 30.7%. At the same time, food production fell by 2.9%, reversing a 0.3% rise in the prior month, amid a slowdown in six of the eight industry groups, led by the manufacture of prepared animal feeds (5.8% vs 17.9%). For the January-September period, manufacturing output was 9.3% higher than in the same period last year.

Industrial production in Estonia rose by 6.0% year-on-year in September 2026, accelerating from a seven-month high of 4.5% in the previous month. The latest figure marked the highest reading since April 2025, as activity increased in manufacturing (3.6% vs 1.1% in August), lifted by notable recoveries in the manufacture of beverages (9.9% vs -9.9%), wearing apparel (22% vs -19.0%), leather and related products (40.9% vs -6.0%), wood and wood products (3.4% vs -0.6%), and chemical and chemical products (0.3% vs -0.7%). Meanwhile, production growth slowed in mining and quarrying (7.8% vs 25.3%) and electricity, gas, steam, and air-conditioning supply (51.4% vs 56.9%). On a monthly basis, industrial production grew by 0.3% in September, easing from a downwardly revised 4.1% rise in the preceding period.

Latvia's industrial production rose 2.6% year-on-year in September 2026, accelerating from 0.6% in August. Manufacturing and mining and quarrying continued to expand, although growth moderated to 5.2% (from 7.9%) and 26.0% (from 34.5%), respectively. Within manufacturing, output growth slowed in food products (7.4% vs 8.7%), fabricated metal products (7.5% vs 9.6%) and computer and electronic products (9.1% vs 20.4%). In contrast, production picked up in chemicals and chemical products (27.9% vs 11.7%) and machinery and equipment (22.2% vs 16.9%). The decline in electricity and gas supply also eased significantly to 18.9% from 43.6%. On a monthly basis, industrial production rose 0.6% in September, following a 0.4% increase in August. In the third quarter, output increased 1.0% year-on-year.

Industrial production in Hungary grew by 8.2% year-on-year in September 2026, easing from an 8.7% increase in the previous month, according to preliminary estimates. Growth was supported by higher output across most manufacturing sub-sectors, particularly vehicle manufacturing, computer, electronic and optical product manufacturing, and electrical equipment manufacturing. In contrast, production declined in the food, beverage and tobacco industries. On a seasonally and working-day adjusted monthly basis, industrial output rose by 0.9% in September, following a 1.1% increase in August. For the January to September period, industrial production was 4.0% higher than in the corresponding period of the previous year.

Vietnam’s industrial production increased by 15.0% year-on-year in October 2026, accelerating from 14.2% in September and marking its strongest growth since January. The pickup was driven by faster growth in processing and manufacturing (15.7% vs. 15.1% in September) and electricity production and distribution (15.7% vs. 10.4%). Among manufacturing activities, metal production accelerated (27.3% vs. 20.9%), while growth in electrical equipment manufacturing strengthened (10.1% vs. 4.7%). In contrast, output growth moderated in electronic products (18.6% vs. 19.8%) and other transport vehicles (14.2% vs. 28.8%). Meanwhile, growth in the mining industry slowed (4.9% vs. 6.6%), while water supply, waste management and wastewater treatment eased (7.8% vs. 10.9%). On a monthly basis, production grew by 2.3%. For the January-October period, industrial production expanded 12.4% from the same period a year earlier.

Portugal’s industrial production fell 2.7% year-on-year in September 2026, marking the fifth consecutive month of contraction, although the pace of decline eased from a downwardly revised 4.1% drop in August. Energy output declined further, falling 6% after a 4.9% decrease in August and extending its contraction to a seventh consecutive month. Capital-goods production dropped 6.3%, easing from a 12.2% plunge. Intermediate-goods output fell 1.1%, reversing a 0.7% increase. Consumer goods production edged down 0.3% after a 3.4% drop, as durable-goods output rebounded 3.6% after a 7.1% decline, while non-durable goods declined 1%, easing from 2.7%. On a monthly basis, industrial production rebounded 2.4%, reversing a 2.2% drop in August.

Chile’s industrial production fell 2.7% year-on-year in September 2026, easing from a 5.7% decline in August. The contraction was driven by mining output, which dropped 8.7%, although the decline narrowed from 11.7% in the previous month. Mining activity remained in contraction for a second consecutive month, reflecting a 12% fall in metallic mining and a 15.1% drop in copper extraction and processing. In contrast, manufacturing output rebounded by 2%, following a 2.6% decline in August, while utilities production increased 0.8%, slowing from 1% growth. On a monthly basis, industrial production rose 2.7%, recovering from a 2.2% drop in the previous month.

Industrial production in Serbia rose by 3.2% year-on-year in September 2026, rebounding from a 0.5% decline in the previous month. This marked the strongest growth since April, as manufacturing output recovered, advancing by 5.1% after falling by 1.8% in August. Meanwhile, production growth slowed in mining and quarrying (0.6% vs 6.7%), while output in electricity, gas, steam and air conditioning supply contracted by 7.2%, compared with 0.8% growth in August. By economic destination, output increased in energy (1.9% vs 0.8%), capital goods (16.1% vs 0.1%), and non-durable consumer goods (5.0% vs -0.5%). In contrast, production fell further in durable consumer goods (-13.4% vs -12.1%) and intermediate goods excluding energy (-1.4% vs -1.3%). On a seasonally adjusted monthly basis, industrial production rose by 2.4%, recovering from a 0.6% decrease in August. Over the January–September 2026 period, industrial production was 0.5% higher than in the corresponding period a year earlier.

Thailand’s industrial production increased 2.05% year-on-year in September 2026, below expectations for 2.8% growth, marking the third consecutive month of expansion, though at the slowest pace in the sequence. The increase was driven mainly by higher output in the electronics and circuit board sectors (27.28%) and computers and peripherals (8.38%), supported by demand for AI- and data center-related products. However, ongoing conflict in the Middle East, intense competition from low-priced imported goods, and high household debt continued to pose challenges, with the latter constraining domestic purchasing power. For the third quarter, industrial production rose 3.40%. Last month, Thailand’s Industry Ministry revised its forecast for factory output growth in 2026 to a range of 2.75% to 3.55%, up from the previous forecast of 0.0%–0.5%, and its forecast for industrial GDP growth to 0.8%–1.8%, up from 0.75%–1.75%, after changing its methodology.

Croatia’s industrial production rose by 7.0% year-on-year in September 2026 from 5.2% in the previous month. Output growth strengthened for intermediate goods (22.8% vs. 14.3%), while it slowed for energy (4.1% vs. 10.4%). Conversely, output declined for capital goods (-12.4% vs. -4.2%), durable consumer goods (-18.2% vs. 1.0%), and non-durable consumer goods (-1.4% vs. -1.7%). By sector, manufacturing output accelerated (6.6% vs. 4.8% in August), particularly for beverages (22.1% vs. -0.7%), electrical equipment (111.5% vs. 79.9%), and basic metals (5.7% vs. 1.8%). Meanwhile, production growth slowed in electricity, gas, steam and air conditioning supply (9.1% vs. 13.4%), while the decline in mining and quarrying deepened (-7.6% vs. -3.7%). On a seasonally adjusted monthly basis, industrial production rose by 2.4%, rebounding from a 0.4% decline in the previous month. Over the January-September period, industrial output increased by 2.4% compared with the same period last year.

Cyprus’ industrial production declined 1.3% year-on-year in August 2026, reversing a 1.5% increase in July. The decline was driven by weaker manufacturing output (-2.5% vs. 1.5% in July), particularly in machinery, motor vehicles and other transport equipment (-12.8% vs. -6.8%), refined petroleum, chemicals and pharmaceutical products (-7.1% vs. -2.9%), and other non-metallic mineral products (-4.8% vs. 6.0%). Growth in water supply and materials recovery slowed to 5.7% from 8.2%. In contrast, mining and quarrying output rose 11.0%, accelerating from 6.0% in July, while electricity supply edged up 0.1% after falling 1.1%. For the January-August period, industrial production increased 1.2% compared with the same period a year earlier.

Russia’s industrial production rose 1.8% year-on-year in September 2026, rebounding from a 0.6% decline in August and beating market expectations of a 0.1% contraction. This marked the strongest growth since April, driven by a sharp recovery in manufacturing output, which increased 5.6% after falling 0.5% in the previous month. Meanwhile, growth in water supply, sewerage, waste management and remediation slowed to 0.9% from 6.9%. Elsewhere, contractions deepened in mining, where output fell 4.1% following a 1.3% decline, and in electricity, gas, steam and air-conditioning supply, which dropped 3.2% after a 1.2% decrease. On a seasonally adjusted monthly basis, industrial production increased 1.1%, rebounding from a 0.3% decline in August.

Industrial production in Lithuania rose 7.4% year-on-year in September 2026, accelerating from a downwardly revised 4.6% increase in the previous month. Growth picked up in manufacturing, reaching 8.0% from 5.2% in August, and in mining and quarrying, rising to 11.8% from 9.3%. The pace of decline also eased in electricity, gas, steam, and air conditioning supply, where output fell 5.6% after an 8.1% drop in August. Meanwhile, the downturn continued in water supply, sewerage, waste management, and remediation services, with output falling 10.1%, compared with a 10.0% contraction in the previous month. On a seasonally adjusted monthly basis, industrial production rose 1.8%, after remaining flat in August.

Industrial production in Taiwan rose 19.17% year-on-year in September 2026, slowing from 23.47% in the previous month. This marked the weakest annual growth since May, with manufacturing output easing to 20.21% from 24.61%. Chemical materials and fertilizer production fell 4.29% due to weaker demand and annual maintenance. Meanwhile, production in computers and optoelectronics surged 45.92%, while electronics output rose 23.62%, driven by robust demand for AI servers, high-performance computing and semiconductors. Machinery production also increased 26.02% amid semiconductor capacity expansion, while automotive and auto parts output grew 2.35% and base metal output rose 1.39%.

Singapore’s manufacturing production rose 3.4% year-on-year in September 2026, slowing sharply from a three-month high of 15.4% in the previous month. It marked the lowest reading since August 2025, as electronics output growth moderated significantly (5.7% vs 28.3% in August), led by semiconductors (1.9% vs 25.9%) and infocomms and consumer electronics (29% vs 66.3%). Production was also weighed down by a further slowdown in precision engineering (31% vs 33%) and a sharp slip in biomedical manufacturing (-32.8% vs 2.3%). In contrast, output accelerated in transport engineering (10.6% vs 9.5%) and general manufacturing industries (4% vs 1.6%), while chemicals production declined at a softer pace (-4.6% vs -12.8%). On a seasonally adjusted monthly basis, manufacturing output fell 3.9%, slipping further from an upwardly revised 1% drop in August and marking the steepest monthly fall since June. For the first nine months of 2026, manufacturing production increased 9.8%.

Poland’s industrial production rose by 4.6% year-on-year in September 2026 from a downwardly revised 4.0% increase in the previous month, surpassing market expectations of 3.1%. Output growth accelerated in manufacturing (4.0% vs 3.1% in August), driven largely by gains in beverages (9.1% vs 6.1%), printing and reproduction of recorded media (1.0% vs 0.3%), chemicals and chemical products (8.7% vs 0.9%), and computer, electronic, and optical products (12.6% vs 7.1%). Moreover, production increased in electricity, gas, steam, and air-conditioning supply (10.2% vs 9.1%). On the other hand, output moderated in mining and quarrying (12.9% vs 18.2%) and water supply, sewerage, waste management, and remediation activities (8.2% vs 9.6%). On a monthly basis, industrial production jumped by 17.0% in September, rebounding sharply from a 7.8% drop in August. In the January–September period, industrial output was 3.6% higher than in the same period last year.

Industrial production in Moldova fell 0.7% year-on-year in August 2026, down from an upwardly revised 7.2% increase in the previous month. This marked the weakest performance since February, as manufacturing output declined (-2.0% vs 6.2% in July), driven by steeper decreases in beverages (-37.6% vs -23.2%), wearing apparel (-6.9% vs -4.2%), other non-metallic mineral products (-2.6% vs -0.6%), and electrical equipment (-22.5% vs -2.3%). Output also fell in wood and wood products (-13.1% vs 43.5%), machinery and equipment (-29.7% vs 58.2%), and motor vehicles, trailers and semi-trailers (-29.0% vs 0.0%). Production growth in mining and quarrying slowed sharply (4.6% vs 20.5%). Meanwhile, output growth in electricity, gas, steam and air-conditioning supply accelerated (24.6% vs 18.3%). On a monthly basis, industrial output plunged 12.4% in August, reversing a 7.6% increase in the preceding month. In the first eight months of the year, industrial production grew 6.7%.

China’s industrial production expanded 5.5% year-on-year in September 2026, accelerating from a 5.2% rise in August and surpassing expectations of 5.4%. It was the strongest growth in industrial output since March, as electricity, heat, gas, and water output rose faster (5.6% vs 4.9% in August), while mining rebounded (1.3% vs -1.4%) and manufacturing continued to expand (6.0% vs 6.1%). Within manufacturing, 31 of the 41 major industries recorded growth, including computers and communications equipment (16.4%), railway and shipbuilding (11.7%), general equipment (8.5%), special equipment (12.1%), agriculture and food processing (4.1%), oil and gas (9.8%), electrical machinery (8.1%), textiles (3.2%), and automotive (6.7%). By contrast, production fell in coal mining and washing (-3.3%) and non-metallic mineral products (-2.4%). In the first nine months of 2026, industrial output rose 5.3%. Month-on-month, industrial output increased 0.61%.

Colombia’s industrial production declined 3.7% year-on-year in August 2026, extending a 2.4% fall in the previous month and coming in well below market expectations of a 2.1% contraction. Production declined in 29 of the 39 industrial activities, with the largest decreases recorded in printing (-18.9%), basic chemicals (-16.4%), manufacture of clothing (-15.4%), sugar and panela (-12.3%), and paper and paperboard (-11.3%). Meanwhile, output rose in the manufacture of other transport equipment (13.4%), fabricated metal products (10.7%) and beverages (9.0%). Real sales declined 3.5%, while employment also fell 1.3%.