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The Philippine manufacturing sector posted faster growth in September 2026, with more industry divisions recording annual growth, led by coke and refined petroleum products
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The value of production index for the manufacturing section continued its double-digit growth to 12.7% year-on-year while the volume increased 9% year-on-year
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Average capacity utilization rate stood at 78.4%, down slightly from the 78.7% in August 2026 but up from 77.4% in September 2025
The Philippine manufacturing sector posted faster growth in September 2026, with more industry divisions recording annual growth, led by coke and refined petroleum products, according to preliminary data from the Philippine Statistics Authority (PSA).
The value of production index (VaPI) for the manufacturing section continued its double-digit growth in September, rising 12.7% year-on-year, faster than the revised 10% growth in August 2026 and in contrast to the and 1.9% growth in July 2026 and August 2025, respectively, according to PSA’s latest Monthly Integrated Survey of Selected Industries (MISSI).
The volume of production index (VoPI) likewise increased 9% year-on-year in September, higher than the revised 6.6% growth in August 2026 and a reversal from the 1.1% decline in September 2025.
The faster annual increase recorded by the manufacture of coke and refined petroleum products mainly contributed to the acceleration in VaPI and VoPI in September. Other primary contributors were the faster annual increases in the manufacture of basic metals and the manufacture of transport equipment.
For VaPI, thirteen other industry divisions also exhibited increments, while six others posted declines.
In terms of VoPI, 10 other industry divisions saw growth while nine others recorded declines.
The top three industry divisions contributing to the overall year-on-year growth rate of VaPI and VoPI in September 2026 were the manufacture of coke and refined petroleum products; computer, electronic and optical products; and basic metals.
The value of net sales index (VaNSI), meanwhile, also registered a faster year-on-year increase of 11.3% in September 2026 from the 10.4% and 5.4% increment in August 2026 and September 2025, respectively.
Similarly, the volume of net sales index (VoNSI) rose 7.7% in September from a 7% growth in August 2026 and a 4.6% increment in September 2025.
The faster annual increases in the manufacture of coke and refined petroleum products, basic metals, and transport equipment also primarily lift VaNSI and VoNSI in September.
READ: PH manufacturing volume, value grow faster in August 2026
Based on MISSI’s responding establishments, the average capacity utilization rate for the manufacturing section in September 2026 stood at 78.4%, down slightly from the 78.7% in August 2026 but up from the 77.4% in September 2025.
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 tobacco products at 99.5%, coke and refined petroleum products at 85.6%, and other manufacturing and repair and installation of machinery and equipment at 83.3%.
