FX.co ★ Philippines Industrial Production Growth Cools to 9.6% in July, Easing From June Surge

Industrial production growth in the Philippines eased in July 2026, with output rising 9.6% year-over-year, down from a robust 13.9% annual increase recorded in June 2026. The latest figures, updated on 4 September 2026, indicate a moderation in the pace of expansion after a strong mid-year surge.

Both the current and previous readings are measured on a year-over-year basis, comparing each month’s industrial activity with the same month a year earlier. While July’s slowdown signals that the rapid acceleration seen in June is cooling, the 9.6% gain still reflects solid underlying momentum in the country’s industrial sector on an annual basis.