Manufacturing production in the Philippines dropped by 5.5 percent year-on-year in February 2019, following an upwardly revised 0.7 percent gain in January. Output declined in electrical machinery (-8.2 percent vs 12.8 percent in January) and fell further in food manufacturing (-21.9 percent vs -8.5 percent) and non-metallic mineral products (-4 percent vs -3.3 percent). Also, output growth slowed in rubber & plastic products (10.1 percent vs 14.3 percent); chemicals (3.5 percent vs 7.2 percent); machinery except electrical (2.6 percent vs 10.2 percent); transport equipment (5.8 percent vs 7.2 percent) and tobacco (0.6 percent vs 9.2 percent). Meanwhile, production of basic metals decreased less (-9.5 percent vs -11.4 percent). Industrial Production in Philippines averaged 8.31 percent from 1986 until 2019, reaching an all time high of 68.60 percent in April of 1988 and a record low of -26.60 percent in January of 2009.

Industrial Production in Philippines is expected to be 7.50 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 8.20 in 12 months time. In the long-term, the Philippines Manufacturing Production is projected to trend around 5.30 percent in 2020, according to our econometric models.

Philippines Manufacturing Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-04 01:00 AM Industrial Production YoY 2.1% 4.9% 3%
2019-02-05 02:00 AM Industrial Production YoY -9.3% 2.4% 9.5%
2019-03-05 01:00 AM Industrial Production YoY -0.7% -11.7% 8%
2019-04-05 02:00 AM Industrial Production YoY -5.5% 0.7% -1%
2019-05-07 03:00 AM Industrial Production YoY -5.5% 6.5%
2019-06-04 02:00 AM Industrial Production YoY
2019-07-05 02:00 AM Industrial Production YoY


Philippines Business Last Previous Highest Lowest Unit
Business Confidence 35.20 27.20 54.90 -32.60 Index Points [+]
Industrial Production -5.50 0.70 68.60 -26.60 percent [+]
Capacity Utilization 84.25 84.25 84.34 74.30 percent [+]
Changes in Inventories -6995.67 -1813.03 92123.96 -83619.51 PHP Million [+]
Internet Speed 5450.74 4527.48 5450.74 795.57 KBps [+]
IP Addresses 1536948.00 1536732.00 1536948.00 477194.00 IP [+]
Total Vehicle Sales 8471.00 8487.00 14182.00 993.00 [+]
Manufacturing Pmi 51.50 51.90 57.50 50.60 [+]
Competitiveness Index 62.13 59.80 62.13 3.90 Points [+]
Competitiveness Rank 56.00 68.00 87.00 47.00 [+]
Ease of Doing Business 124.00 113.00 144.00 97.00 [+]
Corruption Index 36.00 34.00 38.00 23.00 Points [+]
Corruption Rank 99.00 111.00 141.00 36.00 [+]


Philippines Manufacturing Production

In Philippines, Industrial Production is measured by the Value of Production Index (VaPI) of the manufacturing industry. This page provides - Philippines Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Manufacturing Production - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5.50 0.70 68.60 -26.60 1986 - 2019 percent Monthly




Country Last Previous
Argentina -8.50 Feb/19
Australia 2.80 Sep/18
Brazil 2.00 Feb/19
Canada 1.19 Jan/19
China 8.50 Mar/19
Euro Area -0.30 Feb/19
France 0.60 Feb/19
Germany -0.40 Feb/19
India 0.10 Feb/19
Indonesia 5.20 Jan/19
Italy 0.90 Feb/19
Japan -1.10 Feb/19
Mexico -0.80 Feb/19
Netherlands -0.30 Feb/19
Russia 1.20 Mar/19
Saudi Arabia 2.34 Sep/18
Singapore 0.70 Feb/19
South Africa 0.60 Feb/19
South Korea -2.70 Feb/19
Spain -0.30 Feb/19
Switzerland 5.10 Dec/18
Turkey -5.10 Feb/19
United Kingdom 0.10 Feb/19
United States 2.80 Mar/19


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