FX.co ★ Philippine Industrial Output Rises Most in 4 Months

In September 2025, manufacturing output in the Philippines increased by 2.4% compared to the same period the previous year, improving upon a revised growth of 1.6% in the month prior. This rise marks the most significant boost in industrial activity since May, largely attributed to a higher production output in several key sectors. Notably, the computer, electronic, and optical products sector saw a growth of 5.1%, up from 1.1% in August; transport equipment surged to 12.1% from 6.6%, and electrical equipment increased to 9.3% from 8.2%. There was also a recovery in the production of coke and refined petroleum products, which rose to 1.7% from a previous decline of 6.8%. Similarly, the output for basic pharmaceutical products and pharmaceutical preparations rebounded to 8.9% from a drop of 4.7%, and beverage production improved to 2.4% from a significant decline of 7.3%. Conversely, the growth in food product manufacturing slowed to 13.7% from a robust 22.3%. Production declines were observed in sectors such as furniture, which fell by 9.8% after having increased by 3.9% previously, as well as wood, bamboo, cane, and rattan products, which decreased by 6.2% following a 2.3% rise. The chemicals and chemical products sector experienced a larger decline of 32.8%, deepening from a 24.1% drop. On a seasonally adjusted monthly basis, industrial output contracted by 1.0%, although this was an improvement from the more substantial 3.1% decline recorded in the prior period.