-
The Philippine manufacturing sector continued to record double-digit increases in both value and volume production indexes in April 2026 supported by more industry divisions recording growth during the period
-
The value of production index and volume of production index registered a faster annual increase of 14.7% and 12%, respectively
-
The top three industry divisions contributing to the overall year-on-year growth rate were the manufacture of coke and refined petroleum products; computer, electronic and optical products; and food products
-
The average capacity utilization rate for the manufacturing section in April 2026 was 78.4%
The Philippine manufacturing sector continued to record double-digit increases in both value and volume production indexes in April 2026, supported by more industry divisions recording growth during the period, according to preliminary data from the Philippine Statistics Authority (PSA).
The value of production index (VaPI) registered a faster annual increase of 14.7% in April 2026 from 13.1% in March 2026, and in contrast to the 2.2% decrement in April 2025, according to PSA’s latest Monthly Integrated Survey of Selected Industries (MISSI).
The volume of production index (VoPI) likewise recorded a faster increment of 12% in April 2026 from the 10.2% growth in March 2026, and a reversal from the 2.4% decline in April 2025.
The continued improvement in VaPI and VoPI in April was mainly attributed to the double-digit increase posted by the manufacture of coke and refined petroleum products, as well as the annual growth record by the manufacture of computer, electronic and optical products; and of food products.
Aside from these three, 15 other industry divisions exhibited annual increments in their VaPI, while six others posted annual declines in their VaPI for April 2026.
For VoPI, 14 other industry divisions improved in April 2026, while seven others exhibited decreases.
The value of net sales index (VaNSI), meanwhile, registered a slower year-on-year increase of 6.8% in April 2026 from 8% in March 2026, but slightly faster than the 6.3% growth in April 2025. The slower improvement in the manufacture of food products, which accounted for 41.1% to the deceleration, was mainly attributed for the slower growth in VANSI. Similarly, the volume of net sales index (VoNSI) also recorded a slower annual increment of 4.2% in April 2026 from the 5.2% and 6% increases in March 2026 and April 2025, respectively. The slower growth in the manufacture of food products likewise contributed to the VoNSI for April 2026.
Based on MISSI’s responding establishments, the average capacity utilization rate for the manufacturing section in April 2026 was reported at 78.4%, slightly down from the 78.6% in March 2026 but higher than the 76.5% in April 2025.
All industry divisions reported capacity utilization rates of more than 65% during the month, with the manufacture of coke and refined petroleum products at 91.8 percent, manufacture of leather and related products, including footwear (82.6%), and other manufacturing and repair and installation of machinery and equipment (81.8%) being the top three industry divisions in terms of reported capacity utilization rate.
READ: PH manufacturing volume, value grew faster in March 2026
