The Philippine Statistics Authority reported that Philippine factory output growth slowed to 10.2 percent in May from 11.7 percent in April, mainly due to weaker production in the transport equipment, chemicals, and food manufacturing sectors.
Despite the slower pace, the manufacturing sector rebounded from the 0.3 percent contraction recorded in May last year, with 12 industry divisions posting year-on-year production gains.
Transport equipment output declined by 1.4 percent, while chemical production fell 14.8 percent and food manufacturing growth eased to 1.7 percent during the month.
Meanwhile, the average manufacturing capacity utilization rate edged up to 78.8 percent in May from 78.5 percent in April, with all industry groups operating above 65 percent capacity.
The highest capacity utilization rates were recorded in the leather, coke and refined petroleum, and computer and electronic products industries.
Source: PhilNews24 | July 8, 2026
