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%). source: Phillipine Statistics Authority

Industrial Production in Philippines averaged 7.29 percent from 1986 until 2020, reaching an all time high of 68.60 percent in April of 1988 and a record low of -39.50 percent in April 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 February of 2021.

Industrial Production in Philippines is expected to be -10.00 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 6.00 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
-5.10 -11.50 68.60 -39.50 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-05 01:00 AM Sep -11.9% -13.3% -1.5%
2020-12-04 01:00 AM Oct -14.2% -12.4% -9%
2021-01-13 01:00 AM Nov -13.8% -12.3% -11%
2021-02-05 01:00 AM Dec -5.1% -11.5% -10%
2021-03-09 01:00 AM Jan -5.1% -6.5%
2021-04-08 01:00 AM Feb
2021-05-07 01:00 AM Mar
2021-06-08 01:00 AM Apr


News Stream
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 Output Sinks 13.8%
Manufacturing production in the Philippines slumped 13.8 percent year-on-year in November of 2020, after a downwardly revised revised 12.3 percent fall a month earlier. This was the ninth straight month of decrease in manufacturing output and the steepest pace in four months, amid COVID-19 restrictions. Production fell further for petroleum products (-66% vs -73.8% in October), machinery except electrical (-34% vs -40.9%), footwear (-33.9% vs -44.9%), transport equipment (-23.2% vs -30.8%), tobacco (-56.9% vs -45.1%), non-metallic mineral products (-30.4% vs -27%), electrical machinery (-3.3% vs 0.7%), fabricated metal products (-29.2% vs -21.5%), rubber (-15% vs -15%), leather products (-43.4% vs -40.9%), and wood and wood products (-1.7% vs -8.7%). In contrast, output grew for basic metals (7.7% vs 14.7%), chemical products (1.6% vs 5.5%), and miscellaneous manufactures (11.7% vs 9.9%).
2021-01-13
Philippines Manufacturing Output Drops the Most in 3 Months
Manufacturing production in the Philippines tumbled by 14.2 percent year-on-year in October of 2020, after a revised 12.4 percent fall a month earlier. This was the eighth straight month of decrease in manufacturing output and the steepest in three months, amid COVID-19 restrictions. Production fell further for petroleum products (-99.2% vs -98.8% in September), machinery except electrical (-46.2% vs -37.2%), footwear (-49.2% vs -40.9%), transport equipment (-31.1% vs -35.2%), tobacco (-46.8% vs -46%), non-metallic mineral products (-25.6% vs -21.9%), fabricated metal products (-23.1% vs -20.4%), and wood and wood products (-9.8% vs -6%). In contrast, output grew for basic metals (20.3% vs 17.1%), food manufacturing (4.3% vs 5.5%), chemical products (6% vs 6.4%), miscellaneous manufactures (3.3% vs 4.9%), and electrical machinery (0.2% vs -10.2%).
2020-12-04
Philippines Manufacturing Output Drop the Least in 7 Months
Manufacturing production in the Philippines declined by 11.9 percent year-on-year in September 2020, after a downwardly revised 13.3 percent slump a month earlier. This was the seventh straight month of decrease in manufacturing output, but the smallest fall in the sequence, as more factories reopened amid an easing in movement restrictions. Production fell further for petroleum products (-98.7% vs -96.6% in August), machinery except electrical (-36.7% vs -38.4%), electrical machinery (-10.3% vs -17.3%), transport equipment (-43.3% vs -41.6%), footwear (-37.2% vs -40.3%), tobacco (-46.3% vs -37.5%), non-metallic mineral products (-16.3% vs -23.7%), fabricated metal products (-19.3% vs -23.5%), and wood and wood products (-41.1% vs -43.8%). In contrast, output grew for food manufacturing (11.6% vs -2.5%), basic metals (12.3% vs -4.6%), chemical products (5.6% vs 12.7%), and miscellaneous manufactures (1.6% vs -2.9%).
2020-11-05

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