Manufacturing activity in Philippine sees growth
(MENAFN) Manufacturing activity in the Philippines saw an uptick in May 2025, as reported by the country’s statistics agency.
Preliminary findings from the Monthly Integrated Survey of Selected Industries showed that the value of production index (VaPI) rose by 4.5 percent compared to the same month last year, while the volume of production index (VoPI) increased by 4.9 percent year-on-year.
The 4.5 percent rise in VaPI represents a slight improvement from April’s 4.3 percent growth. A year earlier, in May 2024, VaPI had grown by 3.3 percent.
The increase was largely driven by a quicker expansion in food manufacturing, which saw a 16.4 percent growth in May, up from 11.9 percent the previous month. The food industry alone accounted for 37.1 percent of the total growth in VaPI, making it the most significant contributor among the 22 tracked manufacturing sectors.
Other notable factors included a smaller yearly decrease in chemical and chemical product manufacturing—down 13.0 percent in May, an improvement from April’s 23.3 percent decline—as well as stronger output in the transport equipment sector, which expanded by 12.6 percent after rising 8.0 percent a month earlier.
Out of the remaining 19 industry divisions, 11 experienced year-on-year declines in VaPI, while eight reported gains.
Leading the growth in overall VaPI for May were the food products, transport equipment, and computer, electronic, and optical products sectors.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
