Manufacturing production in the Philippines grew by 9.7% yoy in April 2022, slowing sharply from an upwardly revised 375.1% jump a month earlier and pointing to the softest growth since March 2021, amid supply chain chaos due to the impact of prolonged war in Ukraine. Output growth slowed sharply for coke and refined petroleum products (8.9% vs 2,669.0% in March), along with computer, electronics (13.0% vs 13.9%), fabricated metal products (31.8% vs 32.7%), machinery and equipment (43.4% vs 46.9%), rubber & plastics (15.2% vs 24.0%), basic metals (3.4% vs 8.4%), manufacturing and repair (6.3% vs 24.7%), and wood, bamboo, cane (3.6% vs 26.5%). In addition, production fell further for transport equipment (-9.7% vs -8.8%), electrical equipment (-25.4% vs -28.3%), other non-metallic mineral products (-1.8% vs -1.8%), and pharmaceuticals (-10.5% vs -3.2%). By contrast, output rose faster for foods (16.1% vs 9.3%), chemicals (47.7% vs 40.7%), and textiles (51.1% vs 29.4%). source: Philippine Statistics Authority

Industrial Production in Philippines averaged 11.77 percent from 1986 until 2022, 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 June of 2022.

Industrial Production in Philippines is expected to be -10.00 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 2023, according to our econometric models.

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Philippines Manufacturing Production



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 01:00 AM Mar 358.2% 82.9% 332%
2022-06-09 01:00 AM Apr 9.7% 375.1% 2%
2022-07-07 01:00 AM May 9.7%


Related Last Previous Unit Reference
Industrial Production 9.70 375.10 percent Apr 2022

Philippines Manufacturing Production
In Philippines, Industrial Production is measured by the Value of Production Index (VaPI) of the manufacturing industry.
Actual Previous Highest Lowest Dates Unit Frequency
9.70 375.10 528.70 -83.10 1986 - 2022 percent Monthly

News Stream
Philippines Manufacturing Output Rises the Least in 13 Months
Manufacturing production in the Philippines grew by 9.7% yoy in April 2022, slowing sharply from an upwardly revised 375.1% jump a month earlier and pointing to the softest growth since March 2021, amid supply chain chaos due to the impact of prolonged war in Ukraine. Output growth slowed sharply for coke and refined petroleum products (8.9% vs 2,669.0% in March), along with computer, electronics (13.0% vs 13.9%), fabricated metal products (31.8% vs 32.7%), machinery and equipment (43.4% vs 46.9%), rubber & plastics (15.2% vs 24.0%), basic metals (3.4% vs 8.4%), manufacturing and repair (6.3% vs 24.7%), and wood, bamboo, cane (3.6% vs 26.5%). In addition, production fell further for transport equipment (-9.7% vs -8.8%), electrical equipment (-25.4% vs -28.3%), other non-metallic mineral products (-1.8% vs -1.8%), and pharmaceuticals (-10.5% vs -3.2%). By contrast, output rose faster for foods (16.1% vs 9.3%), chemicals (47.7% vs 40.7%), and textiles (51.1% vs 29.4%).
2022-06-09
Philippines Manufacturing Output Growth at 8-Month High
Manufacturing production in the Philippines increased by 358.2% yoy in March 2022, the most since August 2021, after a downwardly revised 82.9% gain a month earlier, amid further improvement in COVID-19 situation and a low base effect from last year. Output growth accelerated for coke and refined petroleum products (2,583.3% vs 570.8% in February), machinery and equipment (42.4% vs 36.4%), and manufacturing and repair (24.2% vs 12.7%). Also, there was a rebound in production of both apparel (14% vs -1.9%), and wood, bamboo, cane (4.7% vs -0.7%). Meantime, output slowed for food products (7% vs 28%), computer, electronics (13.4% vs 22.4%), chemicals (26.9% vs 54%), furniture (5.8% vs 73.2%), fabricated metal products (5.7% vs 25.1%), basic metals (12.3% vs 32.1%), textiles (29.6% vs 31.6%), and basic pharmaceuticals (1.8% vs 8.1%). Falls were seen for output of both other non-metallic mineral products (-1.5% vs 27%), and transport equipment (-2.1% vs 7.8%).
2022-05-11
Philippines Manufacturing Output Growth at 5-Month High
Manufacturing production in the Philippines jumped 92.4% yoy in February 2022, after a marginally revised 21.8% gain a month earlier, pointing to the strongest rise since last September, amid easing pandemic disruptions and a low base effect from last year. Output growth accelerated for coke and refined petroleum products (874.9% vs 67.1% in January), food products (26.8% vs 16.6%), computer, electronics (22.7% vs 20.1%), chemicals (57.5% vs 21.5%), furniture (93.4% vs 10.9%), other non-metallic mineral products (23.7% vs 8.4%), fabricated metal products (18.3% vs 7.1%), and transport equipment (4% vs 1.6%). In addition, production continued to grow for basic metals (27.6% vs 30.4%), machinery and equipment (41.5% vs 42.4%), manufacturing and repair (18.1% vs 18.3%), textiles (19.3% vs 34.7%), and basic pharmaceuticals (5.6% vs 41,9%). By contrast, output fell for electrical equipment (-26.2% vs -23.8%), apparel (-3.5% vs -30.2%), and wood, bamboo, cane (-2.1% vs 69.9%).
2022-04-07