FX.co ★ Philippines Manufacturing Output Rises 12.7% in September

Manufacturing production in the Philippines expanded by 12.7% year-on-year in September 2026, accelerating from a downwardly revised 10% increase in August and marking the fastest growth since June. The upturn was driven largely by a surge in the manufacture of coke and refined petroleum products (39.6% vs 25% in August), which contributed 34.2% to the overall acceleration. Significant support also came from basic metals (37.1% vs 24.6%), transport equipment (16.1% vs 9.1%), and rubber and plastic products (18% vs 13.8%).

By contrast, growth in the manufacture of computer, electronic and optical products eased to 23.4% from 30.7%. Food production declined by 2.9%, reversing a 0.3% increase in the previous month, amid a slowdown in six of the eight food-related industry groups. The downturn was led by the manufacture of prepared animal feeds, where growth decelerated to 5.8% from 17.9%. Over the January–September period, overall manufacturing output was 9.3% higher than in the same period a year earlier.