- The value of production index and volume of production index grew faster at 1.7% and 1.4%, respectively, in October 2025
- The faster annual increase of the manufacture of computer, electronic and optical product mainly contributed to the faster growth in VaPI and VoPI during the period
- The average capacity utilization rate for the manufacturing section in October 2025 was reported at 77.5%, slightly higher than the 77.2% in September 2025
The Philippine manufacturing sector recorded faster growth in October 2025, fueled by annual increases in many industry divisions, according to the Philippine Statistics Authority (PSA).
The value of production index (VaPI) grew slightly faster at 1.7% in October 2025 from 1.6% in September 2025 and in contrast to the 1.6% decline in October 2024, 2025, according to PSA’s latest Monthly Integrated Survey of Selected Industries (MISSI).
The volume of production index (VoPI) likewise saw a faster increment to 1.4% from 0.8% in September 2025 and a reversal from the 1.2% drop in October last year.
The growth in VaPI was mainly attributed to the faster annual increase of the manufacture of computer, electronic and optical products at 16.8%, contributing 60.1% to the uptrend in VaPI in October.
Other primary contributors were the slower annual decline recorded in the manufacture of chemicals and chemical products, and the annual increase in the manufacture of wood, bamboo, cane, rattan articles and related products.
Of the other 19 industry divisions, 13 industry divisions exhibited annual increments, while the other six posted annual declines in their VaPI during the period.
READ: PH manufacturing records faster growth in September 2025
For VoPI, the acceleration was also primarily driven by the same top three industry divisions that contributed to the growth of VaPI for manufacturing during the period. These were the faster increase in the manufacture of computer, electronic and optical products; slower decline in the manufacture of chemicals and chemical products; and improvement in the manufacture of wood, bamboo, cane, rattan articles and related products.
Of the remaining 19 industry divisions, 11 posted annual increments while eight industry divisions exhibited annual decreases in their VoPI for manufacturing during the period.
The value of net sales index, meanwhile, registered a slower year-on-year increment of 0.3% in October 2025 from 3.7% in September 2025, mainly attributed by the slower increase in the manufacture of food products. Other contributors were the faster annual drop in the manufacture of basic metals, and the slower annual increase observed in the manufacture of transport equipment.
The volume of net sales index, on the other hand, recorded a 0.01% decrement in October 2025 from an annual increment of 2.9% in September 2025. Similarly, the downtrend was attributed to the decline in the manufacture of food products, faster drop in the manufacture of basic metals, and slower increase in the manufacture of machinery and equipment except electrical.
Based on MISSI’s responding establishments, the average capacity utilization rate for the manufacturing section in October 2025 was reported at 77.5%, slightly higher than the 77.2% in September 2025 and 76.2% in October 2024.
All industry divisions reported capacity utilization rates of more than 65% during the month. The top three industry divisions in terms of reported capacity utilization rate were other manufacturing and repair and installation of machinery and equipment at 82.7%, manufacture of coke and refined petroleum products at 82%, and manufacture of computer, electronic and optical products at 80.9%.
