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%). source: Phillipine Statistics Authority

Industrial Production in Philippines averaged 6.95 percent from 1986 until 2021, reaching an all time high of 249.50 percent in May 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 July 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. Looking forward, we estimate Industrial Production in Philippines to stand at 7.50 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
249.50 154.30 249.50 -83.10 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-08 01:00 AM Feb -46.5% -16.7% -15%
2021-05-07 01:00 AM Mar -74.2% -46.4% -5.5%
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 249.5% 200%
2021-09-09 01:00 AM Jul
2021-10-07 01:00 AM Aug
2021-11-09 01:00 AM Sep


News Stream
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 Output Slumps the Most in 7 Months
Manufacturing production in the Philippines tumble 74.2 percent year-on-year in March 2021, after revised 46.4 percent plunge in February. This was the steepest decline in manufacturing output since last August, amid disruptions caused by COVID-19 pandemic. Production fell more for, among other: petroleum products (-97.3.3% vs -88.6% in February), pharmaceutical products (-28.0% vs -25.4%). Meanwhile, production continued to fall for machinery except electrical (-39.3% vs -54.1%), textiles (-1.3% vs -27.1%). By contrast, output grew for electrical equipment (33.6% vs 0.5%), food products (2.0% vs -12.0%), fabricated metal products (84.9% vs 25.9%), wearing apparel (8.7% vs -28.2%), furniture (23.9% vs -24.7%), rubber and plastic products (39.0.3% vs -15.4%), transport equipment (23.0% vs -11.7%), paper products (25.6% vs -8.4%), electronic and optical products (1.8% vs -16.2%), and non-metallic mineral products (44.0% vs -6.1%).
2021-05-07
Philippines Manufacturing Output Slumps the Most in 5 Months
Manufacturing production in the Philippines plunged 46.5 percent year-on-year in February 2021, after revised 16.7 percent fall in January. This was the thirteenth straight month of drop in manufacturing output and the steepest decline since last September, amid disruptions caused by COVID-19 pandemic. Production fell more for, among other: petroleum products (-89.3% vs -53.0% in January), food products (-6.5% vs -2.0%), machinery except electrical (-50.8% vs -49.5%), fabricated metal products (17.5% vs -1.2%), wearing apparel (-29.9% vs -24.5%), furniture (-33.6% vs -31.8%), rubber and plastic products (-15.3% vs -7.1%), while dropped for both transport equipment (-9.2% vs 6.8%) and paper products (-2.6% vs 1.7%). Output decreased less for: electronic and optical products (-16.9% vs -17.8%), non-metallic mineral products (-4.1% vs -12.2%), textiles (-33.2% vs -44.0%), leather (-21.1% vs -14.9%). In contrast, output grew for electrical equipment (9.3% vs 17.0%).
2021-04-08

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