08-07-2025
PH manufacturing posts faster growth in May 2025
The Philippine manufacturing sector grew at a faster rate in May as 13 of the 22 industry divisions posted positive annual growth rates during the month, data released by the Philippine Statistics Authority (PSA) on Tuesday showed.
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
