Manufacturing production in the Philippines grew by 4.6% year-on-year in February 2026, accelerating from a downwardly revised 2.6% rise in the previous month. This marked the fastest growth since July 2024, driven mainly by stronger output for basic metals (21.8% vs -4% in January), which contributed 54.2% to the annual growth of the overall manufacturing sector. Activity also remained strong in the manufacture of furniture (29% vs 19.9%), while it increased for computer, electronic and optical products (20% vs 22.6%), and leather and related products including footwear (17.2% vs 11.4%). Conversely, production growth softened notably for transport equipment (0.7% vs 1.5%), and rubber and plastic products (2.6% vs 9.8%), while output declined sharply for basic pharmaceutical products and preparations (-39.8% vs -12.3%). On a seasonally adjusted monthly basis, industrial output fell 0.3% in February, following a 2.7% gain in January. source: Philippine Statistics Authority

Industrial Production in Philippines increased 4.60 percent in February of 2026 over the same month in the previous year. Industrial Production in Philippines averaged 10.93 percent from 1986 until 2026, 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 April of 2026.

Industrial Production in Philippines increased 4.60 percent in February of 2026 over the same month in the previous year. Industrial Production in Philippines is expected to be 2.50 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 6.50 percent in 2027 and 6.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-06 01:00 AM
Industrial Production YoY
Jan 2.7% 2.8% 1.8%
2026-04-07 01:00 AM
Industrial Production YoY
Feb 4.6% 2.6% 2.3%
2026-05-06 01:00 AM
Industrial Production YoY
Mar 4.6% 2.5%


Related Last Previous Unit Reference
Business Confidence 29.70 23.20 points Dec 2025
Capacity Utilization 77.50 77.80 percent Feb 2026
Changes in Inventories -35823.25 -21181.02 PHP Million Dec 2025
Corruption Index 32.00 33.00 Points Dec 2025
Corruption Rank 120.00 114.00 Dec 2025
Industrial Production YoY 4.60 2.60 percent Feb 2026
Total Vehicle Sales 6926.00 7047.00 Units Mar 2026


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
4.60 2.60 531.30 -83.10 1986 - 2026 percent Monthly

News Stream
Philippines Industrial Output Growth at 19-Month High
Manufacturing production in the Philippines grew by 4.6% year-on-year in February 2026, accelerating from a downwardly revised 2.6% rise in the previous month. This marked the fastest growth since July 2024, driven mainly by stronger output for basic metals (21.8% vs -4% in January), which contributed 54.2% to the annual growth of the overall manufacturing sector. Activity also remained strong in the manufacture of furniture (29% vs 19.9%), while it increased for computer, electronic and optical products (20% vs 22.6%), and leather and related products including footwear (17.2% vs 11.4%). Conversely, production growth softened notably for transport equipment (0.7% vs 1.5%), and rubber and plastic products (2.6% vs 9.8%), while output declined sharply for basic pharmaceutical products and preparations (-39.8% vs -12.3%). On a seasonally adjusted monthly basis, industrial output fell 0.3% in February, following a 2.7% gain in January.
2026-04-07
Philippines Industrial Output Growth Eases
Manufacturing production in the Philippines grew 2.7% year-on-year in January 2026, easing from an upwardly revised 2.8% in the previous month. The slowdown was mainly driven by the manufacture of food products (0.8% vs 14.8% in December), which contributed 53.2% to the annual growth of the overall manufacturing sector. Activity also moderated for other non-metallic mineral products (5.4% vs 30.2%), transport equipment (-0.7% vs 7.1%), other manufacturing and repair and installation of machinery and equipment (12.1% vs 12.9%), and paper and paper products (2.4% vs 7.8%). Meanwhile, production growth accelerated for computer, electronic and optical products (26.8% vs 15%), beverages (20.2% vs 4.1%), and wood, bamboo, cane, rattan articles and related products (28.7% vs 3.9%). On a seasonally adjusted monthly basis, industrial activity increased 2.7%, down from 4.7% in the previous month.
2026-03-06
Philippine Industrial Output Recovers to 4-Month High
Manufacturing production in the Philippines climbed 1.9% year-on-year in December 2025, recovering from a downwardly revised 1% decline in the previous month. This marked the highest reading since August, mainly driven by a faster annual increase in the manufacture of other non-metallic mineral products (29.5% vs 4.4% in November), which contributed 23.2% to the overall uptrend in manufacturing production. Activity also rebounded in machinery and equipment except electrical (9.7% vs -11.1%), and other manufacturing and repair and installation of machinery and equipment (13.8% vs -4.4%). In addition, output rose for transport equipment (6.7% vs 0.2%). Meanwhile, production growth slowed for leather and related products (4.6% vs 27.7%), and wood, bamboo, cane, and rattan products (3.4% vs 17.5%). On a seasonally adjusted monthly basis, industrial activity jumped 4.7%, rebounding from a 3.2% fall in the prior month.
2026-02-06