PH manufacturing posts faster growth in May 2025
Preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI) showed that the volume of production index (VoPI) for May posted a 4.9% annual increase, faster than the 4.3% in April, and the 4.2% in May 2024.
The PSA attributed the acceleration to the faster annual increment of manufacture of food products at 15.7% from 11.2% the previous month; transport equipment at 13.5% from 7.4%; and chemicals and chemical products that posted an annual decline of 13.8% from 23.8%.
Annual increases were also recorded in the growth of the manufacture of leather and related products at 62.0%; wood, bamboo, can, rattan articles at 26.1%; tobacco products at 18.6%: electrical equipment at 13.9%; furniture at 13.1%; computer, electronic, and optical products at 5.5%; fabricated metal products at 4.2%; basic pharmaceutical products at 2.2%; other non-metallic mineral products at 1.7%; basic metals at 1.1%; and printing and reproduction of recorded media at 0.2%.
The value of production index (VaPI) stood at 4.5%, faster than the 4.3% in April, and the 3.3% in May 2024.
The PSA attributed the acceleration to the faster annual increase in the manufacture of food products that grew by 16.4% versus the 11.9% in the previous month. This contributed 37.1% to the uptrend.
The latest figures brought the year-to-date VoPI to 1.8%, and VaPI to 2.3%.
In terms of capacity utilization, the average utilization rate for the month was recorded at 76.9%. Some 34.9% of establishments operated at full capacity or 90% to 100%, while 40.7% of the respondents operated at 70% to 89% capacity, and 24.4% operated below 70% capacity.—AOL, GMA Integrated News
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