Philippines Industrial Output Strongest Since 2023

2026-05-06 01:16 By Czyrill Jean Coloma 1 min. read

Manufacturing production in the Philippines climbed 10.5% year-on-year in March 2026, accelerating from a downwardly revised 4.5% gain in the previous month.

This marked the strongest annual growth since January 2023, driven largely by a rebound in the manufacture of coke and refined petroleum products (4% vs -16.6% in February), which contributed 41.1% to the overall increase.

Other key contributors included the manufacture of computer, electronic and optical products (20.8% vs 15.2%), basic metals (42% vs 32.3%), and transport equipment (7.4% vs 2.2%).

In contrast, output growth moderated in the manufacture of food products (3% vs 3.5%), other non-metallic mineral products (4.4% vs 5.1%), tobacco products (3.2% vs 11.1%), and leather and related products, including footwear (13% vs 18.3%).

On a seasonally adjusted monthly basis, industrial output rose 1.9%, rebounding from a 0.3% fall in February.

For the first quarter of the year, industrial output expanded 5.5%.



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Philippines Industrial Output Strongest Since 2023
Manufacturing production in the Philippines climbed 10.5% year-on-year in March 2026, accelerating from a downwardly revised 4.5% gain in the previous month. This marked the strongest annual growth since January 2023, driven largely by a rebound in the manufacture of coke and refined petroleum products (4% vs -16.6% in February), which contributed 41.1% to the overall increase. Other key contributors included the manufacture of computer, electronic and optical products (20.8% vs 15.2%), basic metals (42% vs 32.3%), and transport equipment (7.4% vs 2.2%). In contrast, output growth moderated in the manufacture of food products (3% vs 3.5%), other non-metallic mineral products (4.4% vs 5.1%), tobacco products (3.2% vs 11.1%), and leather and related products, including footwear (13% vs 18.3%). On a seasonally adjusted monthly basis, industrial output rose 1.9%, rebounding from a 0.3% fall in February. For the first quarter of the year, industrial output expanded 5.5%.
2026-05-06
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