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.

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Philippines Manufacturing Production


Calendar GMT Actual Previous Consensus TEForecast
2021-10-07 01:00 AM Aug 523.3% 528.7% 75%
2021-11-09 01:00 AM Sep 122.7% 527.3% 400%
2021-12-09 01:00 AM Oct 122.7% 93.5%


Related Last Previous Unit Reference
Industrial Production 122.70 523.30 percent Sep/21

News Stream
Philippines Manufacturing Output Growth at 6-Month Low
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%).
2021-11-09
Philippines Manufacturing Output Growth Stays Solid
Manufacturing production in the Philippines grew by 523.3% year-on-year in August 2021, after an upwardly revised 528.7% jump in July. This was the fifth straight month of increase in manufacturing output and the second strongest pace in the 2018-based data series, amid a low base effect from last year due to COVID-19, with the output of coke and refined petroleum products soaring further (4,388.7% vs 4,100.3% in July). Also, output rose more for fabricated metal products (194.6% vs 130%), computer, electronic (23.5% vs 24.4%), food products (23.5% vs 24.4%), electrical equipment (41.4% vs 39.9%), other non-metallic mineral products (25.2% vs 6.1%), basic metals (6.4% vs 8.2%), and machinery and equipment except electrical (13.8% vs 10.6%). In contrast, output fell for chemicals (-19.74% vs -5.9%), tobacco products (-53.8% vs -55.5%), beverages (-12.4% vs -7.3%), pharmaceuticals (-16.1% vs 22.1%) and other manufacturing and repair and installation of machinery (-3.2% vs -17.8%).
2021-10-07
Philippines Industrial Output Growth Hit Fresh Peak
Manufacturing production in the Philippines surged 528.1% year-on-year in July 2021, after an upwardly revised 444.6% growth in June. This was the fourth 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, with the output of coke and refined petroleum products soaring further (4,096.1% vs 3,231% in June). Also, output rose further for computer, electronic (24.9% vs 26.7%), fabricated metal products (128.2% vs 140.3%), transport equipment (22.6% vs 28.5%), food products (11.5% vs 16.6%), electrical equipment (39.6% vs 65.2%), other non-metallic mineral products (11% vs 46.5%), basic metals (5.2% vs 8.2%), and pharmaceutical products (22% vs 17.8%). In contrast, output fell for tobacco products (-55.5% vs -59.9%), chemicals (-9.4% vs -19.1%), beverages (-6.8% vs 6.5%), and other manufacturing and repair and installation of machinry and equipment (-15.2% vs 11.4%).
2021-09-09

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