Manufacturing production in the Philippines grew by 9.8% yoy in June 2022, after a downwardly revised 8.0% gain in May 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 (17.2% vs 12.2% in May), paper products (19.2% vs 17.5%), and furniture (7.5% vs 0.7%). In addition, there was a rebound in production of both other non-metallic mineral products (13.1% vs -5.6%) and textiles(30.1% vs -11.5%), while output rose further for computer, electronics (13% vs 15.5%), chemical (36.1% vs 53.7%), fabricated metal products (32.4% vs 33.1%), machinery and equipment (51.8% vs 62.5%), coke & refined petroleum (5% vs 7.1%), and other manufacturing and repair (7.1% vs 12.2%). In contrast, output fell for basic metals (-11.7% vs -18.6%), electrical equipment (-12.6% vs -14.5%), and pharmaceuticals (-15.1% vs -9.9%). source: Philippine Statistics Authority

Industrial Production in Philippines averaged 11.79 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 August of 2022.

Industrial Production in Philippines is expected to be -15.00 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 6.00 percent in 2023, according to our econometric models.

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Philippines Manufacturing Production



Calendar GMT Actual Previous Consensus TEForecast
2022-07-07 01:00 AM May 8.9% 7.6% 8.8%
2022-08-09 01:00 AM Jun 9.8% 8.0% 5.8%
2022-09-08 01:00 AM Jul 9.8%


Related Last Previous Unit Reference
Industrial Production 9.80 8.00 percent Jun 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
9.80 8.00 531.30 -83.10 1986 - 2022 percent Monthly

News Stream
Philippines Manufacturing Output Grows the Most in 3 Months
Manufacturing production in the Philippines grew by 9.8% yoy in June 2022, after a downwardly revised 8.0% gain in May 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 (17.2% vs 12.2% in May), paper products (19.2% vs 17.5%), and furniture (7.5% vs 0.7%). In addition, there was a rebound in production of both other non-metallic mineral products (13.1% vs -5.6%) and textiles(30.1% vs -11.5%), while output rose further for computer, electronics (13% vs 15.5%), chemical (36.1% vs 53.7%), fabricated metal products (32.4% vs 33.1%), machinery and equipment (51.8% vs 62.5%), coke & refined petroleum (5% vs 7.1%), and other manufacturing and repair (7.1% vs 12.2%). In contrast, output fell for basic metals (-11.7% vs -18.6%), electrical equipment (-12.6% vs -14.5%), and pharmaceuticals (-15.1% vs -9.9%).
2022-08-09
Philippines Manufacturing Output Rises for 14th Month
Manufacturing production in the Philippines grew by 8.9% yoy in May 2022, after a downwardly revised 7.6% gain a month earlier. This was the 14th straight month of expansion in manufacturing output, amid further improvement in COVID-19 situation. Production growth accelerated for food products (18.2% vs 14% in April), computer, electronic (18.6% vs 13.3%), fabricated metal products (25.2% vs 19.8%), machinery and equipment except electrical (60.8% vs 43.4%), and other manufacturing and repair (10.3% vs 6.4%). In addition, there was a rebound in output of furniture (7.1% vs -13.6%), amid further rises in production of chemical (49.7% vs 54.5%), beverages (7.1% vs 9.1%), and leather (5.4% vs 18.9%). In contrast, output fell for basic metals (-10.1% vs 2%), transport equipment (-5.7% vs -11%), electrical equipment (-16.4% vs -14.7%), other non-metallic mineral products (-2.9% vs -3.1%), pharmaceuticals (-8.1% vs -12.4%), and textiles (-5.7% vs 51%).
2022-07-07
Philippines Manufacturing Output Rises the Least in 13 Months
Manufacturing production in the Philippines grew by 9.7% yoy in April 2022, slowing sharply from an upwardly revised 375.1% jump a month earlier and pointing to the softest growth since March 2021, amid supply chain chaos due to the impact of prolonged war in Ukraine. Output growth slowed sharply for coke and refined petroleum products (8.9% vs 2,669.0% in March), along with computer, electronics (13.0% vs 13.9%), fabricated metal products (31.8% vs 32.7%), machinery and equipment (43.4% vs 46.9%), rubber & plastics (15.2% vs 24.0%), basic metals (3.4% vs 8.4%), manufacturing and repair (6.3% vs 24.7%), and wood, bamboo, cane (3.6% vs 26.5%). In addition, production fell further for transport equipment (-9.7% vs -8.8%), electrical equipment (-25.4% vs -28.3%), other non-metallic mineral products (-1.8% vs -1.8%), and pharmaceuticals (-10.5% vs -3.2%). By contrast, output rose faster for foods (16.1% vs 9.3%), chemicals (47.7% vs 40.7%), and textiles (51.1% vs 29.4%).
2022-06-09