PHL Factory Output Surges 10.1% in June Driven by Key Sectors

MANUFACTURING OUTPUT expanded at a faster pace in June, driven by the production of coke and refined petroleum products, food products, and transport equipment, the Philippine Statistics Authority (PSA) said. Preliminary results of the PSA’s latest Monthly Integrated Survey of Selected Industries showed factory output, as measured by the volume of production index (VoPI), rose by 10.1% year on year in June. This was faster than the revised 9.1% growth in May and the revised 2.3% expansion a year earlier. The PSA attributed the acceleration from May to faster annual increases in the production of coke and refined petroleum products, food products and transport equipment. The manufacture of coke and refined petroleum products grew by 84.5% year on year in June, faster than 73.3% in May. Food manufacturing picked up by 3.9% year on year from the near-flat 0.02% growth in May, while transport equipment production expanded by 4.9% versus the 0.5% contraction previously. “Of the remaining 19 industry divisions, 12 posted annual increases in June 2026. Meanwhile, seven industry divisions exhibited annual decreases in their VoPI for manufacturing during the period,” the PSA said. It added that the industries that contributed the most to the overall 10.1% annual growth were coke and refined petroleum products; computer, electronic and optical products; and basic metals. In the first half, factory output grew by 5.7% from a year earlier. — Justine Irish DP. Tabile