Philippines Industrial Output Growth at 19-Month High

2026-04-07 01:25 By Joshua Ferrer 1 min. read

Manufacturing production in the Philippines grew by 4.6% year-on-year in February 2026, accelerating from a downwardly revised 2.6% rise in the previous month.

This marked the fastest growth since July 2024, driven mainly by stronger output for basic metals (21.8% vs -4% in January), which contributed 54.2% to the annual growth of the overall manufacturing sector.

Activity also remained strong in the manufacture of furniture (29% vs 19.9%), while it increased for computer, electronic and optical products (20% vs 22.6%), and leather and related products including footwear (17.2% vs 11.4%).

Conversely, production growth softened notably for transport equipment (0.7% vs 1.5%), and rubber and plastic products (2.6% vs 9.8%), while output declined sharply for basic pharmaceutical products and preparations (-39.8% vs -12.3%).

On a seasonally adjusted monthly basis, industrial output fell 0.3% in February, following a 2.7% gain in January.



News Stream
Philippines Industrial Output Growth at 19-Month High
Manufacturing production in the Philippines grew by 4.6% year-on-year in February 2026, accelerating from a downwardly revised 2.6% rise in the previous month. This marked the fastest growth since July 2024, driven mainly by stronger output for basic metals (21.8% vs -4% in January), which contributed 54.2% to the annual growth of the overall manufacturing sector. Activity also remained strong in the manufacture of furniture (29% vs 19.9%), while it increased for computer, electronic and optical products (20% vs 22.6%), and leather and related products including footwear (17.2% vs 11.4%). Conversely, production growth softened notably for transport equipment (0.7% vs 1.5%), and rubber and plastic products (2.6% vs 9.8%), while output declined sharply for basic pharmaceutical products and preparations (-39.8% vs -12.3%). On a seasonally adjusted monthly basis, industrial output fell 0.3% in February, following a 2.7% gain in January.
2026-04-07
Philippines Industrial Output Growth Eases
Manufacturing production in the Philippines grew 2.7% year-on-year in January 2026, easing from an upwardly revised 2.8% in the previous month. The slowdown was mainly driven by the manufacture of food products (0.8% vs 14.8% in December), which contributed 53.2% to the annual growth of the overall manufacturing sector. Activity also moderated for other non-metallic mineral products (5.4% vs 30.2%), transport equipment (-0.7% vs 7.1%), other manufacturing and repair and installation of machinery and equipment (12.1% vs 12.9%), and paper and paper products (2.4% vs 7.8%). Meanwhile, production growth accelerated for computer, electronic and optical products (26.8% vs 15%), beverages (20.2% vs 4.1%), and wood, bamboo, cane, rattan articles and related products (28.7% vs 3.9%). On a seasonally adjusted monthly basis, industrial activity increased 2.7%, down from 4.7% in the previous month.
2026-03-06
Philippine Industrial Output Recovers to 4-Month High
Manufacturing production in the Philippines climbed 1.9% year-on-year in December 2025, recovering from a downwardly revised 1% decline in the previous month. This marked the highest reading since August, mainly driven by a faster annual increase in the manufacture of other non-metallic mineral products (29.5% vs 4.4% in November), which contributed 23.2% to the overall uptrend in manufacturing production. Activity also rebounded in machinery and equipment except electrical (9.7% vs -11.1%), and other manufacturing and repair and installation of machinery and equipment (13.8% vs -4.4%). In addition, output rose for transport equipment (6.7% vs 0.2%). Meanwhile, production growth slowed for leather and related products (4.6% vs 27.7%), and wood, bamboo, cane, and rattan products (3.4% vs 17.5%). On a seasonally adjusted monthly basis, industrial activity jumped 4.7%, rebounding from a 3.2% fall in the prior month.
2026-02-06