Manufacturing production in the Philippines surged 528.1% year-on-year in July 2021, after an upwardly revised 444.6% growth in June. This was the fourth straight month of increase in manufacturing output and the strongest pace in the 2018-based data series, amid a low base effect from last year due to the impact of COVID-19, with the output of coke and refined petroleum products soaring further (4,096.1% vs 3,231% in June). Also, output rose further for computer, electronic (24.9% vs 26.7%), fabricated metal products (128.2% vs 140.3%), transport equipment (22.6% vs 28.5%), food products (11.5% vs 16.6%), electrical equipment (39.6% vs 65.2%), other non-metallic mineral products (11% vs 46.5%), basic metals (5.2% vs 8.2%), and pharmaceutical products (22% vs 17.8%). In contrast, output fell for tobacco products (-55.5% vs -59.9%), chemicals (-9.4% vs -19.1%), beverages (-6.8% vs 6.5%), and other manufacturing and repair and installation of machinry and equipment (-15.2% vs 11.4%). source: Phillipine Statistics Authority

Industrial Production in Philippines averaged 9.22 percent from 1986 until 2021, reaching an all time high of 528.10 percent in July 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 September of 2021.

Industrial Production in Philippines is expected to be 5.50 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 6.00 percent in 2022, according to our econometric models.

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Philippines Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
528.10 439.60 528.10 -83.10 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-08 01:00 AM Apr 154.3% -73.3% -110%
2021-07-08 01:00 AM May 249.5% 145.5% 155%
2021-08-06 01:00 AM Jun 439.6% 263.2% 200%
2021-09-09 01:00 AM Jul 528.1% 444.6% 300%
2021-10-07 01:00 AM Aug
2021-11-09 01:00 AM Sep
2021-12-09 01:00 AM Oct


News Stream
Philippines Industrial Output Growth Hit Fresh Peak
Manufacturing production in the Philippines surged 528.1% year-on-year in July 2021, after an upwardly revised 444.6% growth in June. This was the fourth straight month of increase in manufacturing output and the strongest pace in the 2018-based data series, amid a low base effect from last year due to the impact of COVID-19, with the output of coke and refined petroleum products soaring further (4,096.1% vs 3,231% in June). Also, output rose further for computer, electronic (24.9% vs 26.7%), fabricated metal products (128.2% vs 140.3%), transport equipment (22.6% vs 28.5%), food products (11.5% vs 16.6%), electrical equipment (39.6% vs 65.2%), other non-metallic mineral products (11% vs 46.5%), basic metals (5.2% vs 8.2%), and pharmaceutical products (22% vs 17.8%). In contrast, output fell for tobacco products (-55.5% vs -59.9%), chemicals (-9.4% vs -19.1%), beverages (-6.8% vs 6.5%), and other manufacturing and repair and installation of machinry and equipment (-15.2% vs 11.4%).
2021-09-09
Philippines Manufacturing Output Growth Hits New High
Manufacturing production in the Philippines surged 439.6% year-on-year in June 2021, accelerating sharply from from an upwardly revised 263% growth in May. This was the third straight month of increase in manufacturing output and the strongest pace in the 2018-based data series, amid a low base effect from last year due to the impact of COVID-19, boosted by coke and refined petroleum products (3,230% vs 1,4337.2% in May). Also, output grew further for computer, electronic (27.6% vs 50.1%), food products (20.5% vs 21.5%), transport equipment (29.9% vs 259.7%), fabricated metal products (140% vs 259.7%), electrical equipment (66.8% vs 99.9%), basic metals (27.8% vs 134.2%), and other non-metallic mineral products (34.1% vs 105.3%). In contrast, output fell for tobacco products (-65.1% vs -67.4%), chemicals (-7.1% vs -0.5%), and textiles (-11% vs 94.8%).
2021-08-06
Philippines Manufacturing Output Growth Hits Fresh Record High
Manufacturing production in the Philippines surged 249.5% year-on-year in May 2021, accelerating from a downwardly revised 145.5% growth in April. This was the second straight month of increase in manufacturing output and the strongest pace in the 2018-based data series, amid a low base effect from last year due to the impact of COVID-19, boosted by coke and refined petroleum products (1,427.7% vs -24.3% in April), transport equipment (123.1% vs 315.6%), basic metals (155.4% vs 778.5%), and fabricated metals (270.3% vs 564.2%). Also, production rose further for food products (24% vs 35.2%), other non-metallic mineral products (96.6% vs 291.6%), electrical equipment (76% vs 262.2%), rubber and plastics (233.1% vs 134%), wearing apparel (57.8% vs 192.5%), machinery except electrical (29.7% vs 43.7%), and furniture (93.6% vs 546.2%). In contrast, output fell for tobacco products (-69.3% vs -0.4%), chemicals (-1.7% vs 34%), and basic pharmaceutical products (-2% vs -19.2%).
2021-07-08
Philippines Manufacturing Growth Hits Record High
Manufacturing production in the Philippines surged 154.3% year-on-year in April 2021, rebounding sharply from a 74.2% plunge in March. This was the strongest increase in manufacturing output since the series began in 1986, amid a low base effect from last year, due to the impact of the coronavirus pandemic. Production recovered for: machinery except electrical (28.2% vs -24.3%), wearing apparel (521.8% vs -4.0%), while output grew more for textiles (335.2% vs 7.4%), electrical equipment (246.0% vs 54.8%), food products (39.2% vs 10.1%), fabricated metal products (571.6% vs 103.2%), furniture (546.2% vs 22.3%), rubber and plastic products (173.9% vs 38.7%), transport equipment (419.6% vs 41.4%), paper products (61.8% vs 33.8%), electronic and optical products (68.3% vs 16.3%), and other non-metallic mineral products (294.4% vs 47.9%). In addition, production fell much less for both pharmaceutical (-19.4% vs -29.2%) and coke and refined petroleum products (-24.5% vs -97.4%).
2021-06-08

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