Manufacturing production in the Philippines grew by 122.7% year-on-year in September 2021, after an upwardly revised 527.3% jump in the prior month. This was the sixth straight month of increase in manufacturing output but the softest pace in the sequence, amid a low base effect from last year due to COVID-19. Output continued to rise for coke and refined petroleum products (890.1% vs 4,394.4% in August ), fabricated metal products (181.5% vs 187.3%), computer, electronic (18.1% vs 27.7%), food products (8.8% vs 10.1%), electrical equipment (44.9% vs 35.4%), other non-metallic mineral products (27.7% vs 32.5%), and basic metals (18.4% vs 10.6%). In contrast, output fell for transport equipment (-8.4% vs -0.5%), tobacco products (-52.6% vs -53.8%), beverages (-6.2% vs -10.3%), pharmaceuticals (-20.4% vs -24.5%) , machinery and equipment except electrical (-5.5% vs 4.9%), and other manufacturing and repair and installation of machinery (-2.4% vs -2.5%). source: Phillipine Statistics Authority
Industrial Production in Philippines averaged 10.68 percent from 1986 until 2021, reaching an all time high of 528.70 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 December of 2021.
Industrial Production in Philippines is expected to be 150.00 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.