Manufacturing production in the Philippines increased by 3.1 percent year-on-year in October of 2018, after an upwardly revised 4.5 percent rise in September. It was the weakest gain in manufacturing production since December last year, as output growth slowed for machinery except electrical (14.7 pct vs 17.3 pct in September); textiles (49.7 pct vs 51.4 pct); transport equipment (10.1 pct vs 17.5 pct); chemical products (2 pct vs 15.7 pct); and basic metals (1.4 pct vs 7.8 pct). In addition, production fell further for food manufacturing (-13.2 pct vs -8.2 pct); fabricated metal products (-30.8 pct vs -28.2 pct); and leather products (-12.7 pct vs -6.6 pct). In contrast, output advanced faster for electrical machinery (24.4 pct vs 17.5 pct); and miscellaneous manufactures (36.9 pct vs 21 pct) and rebounded for tobacco products (8.7 pct vs -24.4 pct); and rubber and plastics (5.8 pct vs -8.4 pct). Industrial Production in Philippines averaged 8.45 percent from 1986 until 2018, 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 9.50 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 7.90 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-05 02:00 AM Industrial Production YoY 12.2% 11.6% 17.1%
2018-10-05 01:00 AM Industrial Production YoY 8.8% 12.1% 14.2%
2018-11-06 01:00 AM Industrial Production YoY 3.7% 8.6% 16.7%
2018-12-05 02:00 AM Industrial Production YoY 3.1% 4.5% 3.5%
2019-01-10 02:00 AM Industrial Production YoY 3.1%
2019-02-09 05:00 AM Industrial Production YoY 9.50%
2019-03-06 03:00 AM Industrial Production YoY


Philippines Business Last Previous Highest Lowest Unit
Business Confidence 27.20 30.10 54.90 -32.60 Index Points [+]
Industrial Production 3.10 4.50 68.60 -26.60 percent [+]
Capacity Utilization 84.34 84.22 84.34 74.30 percent [+]
Changes in Inventories -1813.03 -2949.59 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 9197.00 9444.00 14182.00 993.00 [+]
Manufacturing Pmi 54.20 54.00 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 34.00 35.00 38.00 23.00 Points [+]
Corruption Rank 111.00 101.00 141.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 4.50 68.60 -26.60 1986 - 2018 percent Monthly




Country Last Previous
Argentina -6.80 Oct/18
Australia 2.80 Sep/18
Brazil 1.10 Oct/18
Canada 2.76 Aug/18
China 5.40 Nov/18
Euro Area 1.20 Oct/18
France -0.70 Oct/18
Germany 1.60 Oct/18
India 8.10 Oct/18
Indonesia 0.60 Oct/18
Italy 1.00 Oct/18
Japan 4.20 Oct/18
Mexico 1.00 Oct/18
Netherlands 0.80 Oct/18
Russia 2.40 Nov/18
Saudi Arabia 5.84 Jun/18
Singapore 4.30 Oct/18
South Africa 3.00 Oct/18
South Korea 10.70 Oct/18
Spain 0.80 Oct/18
Switzerland 1.40 Sep/18
Turkey -5.70 Oct/18
United Kingdom -0.80 Oct/18
United States 3.90 Nov/18


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