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The Philippine manufacturing sector bounced back in April 2025, according to the latest data from the Philippine Statistics Authority
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The value of production index grew 4.3% while the volume of production index likewise rose 4.2% in April
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The increase in the manufacture of basic metals contributed to the growth of VoPI and VaPI in April
The Philippine manufacturing sector bounced back in April 2025, according to the latest data from the Philippine Statistics Authority (PSA).
The value of production index (VaPI) grew 4.3% in April 2025 after a 1.4% decline in March 2025 but lower than the 6.5% increase in the same month last year, according to PSA’s latest Monthly Integrated Survey of Selected Industries (MISSI).
The volume of production index (VoPI) likewise rose 4.2% from a decrement of 2% the month prior, but slower than the 7.3% growth in April 2024.
The upsurge in VaPI in April was mainly attributed to the annual increase in the manufacture of basic metals at 17.3%, contributing 94.1% to the uptrend during the period.
Out of the 22 industry divisions for the manufacturing section, basic metals also had the fifth highest weight in the computation of VaPI for manufacturing.
Of the remaining 21 industry divisions, 12 exhibited annual increments in their VaPI during the period, while the other nine industry divisions posted annual drops.
The highest year-on-year decline was noted in the manufacture of chemicals and chemical products at 26.2%.
The manufacture of basic metals also drove the increase in VoPI in April, recording an 18.3% hike during the month.
Of the remaining 21 industry divisions, 11 posted annual increments in April 2025. Meanwhile, 10 industry divisions exhibited annual decreases during the period.
The top three industry divisions contributing to the overall year-on-year growth rate of VoPI and VaPI in April were the manufacture of food products; basic metals; and transport equipment.
The value of net sales index, meanwhile, registered a slower increment of 4.6% in April, mainly due to the decline in the manufacture of computer, electronic and optical products at 5.2%.
The volume of net sales index likewise posted a slower growth of 4.6% due to the lower increase in the manufacture of food products at 3.5%.
Based on the latest MISSI’s responding establishments, the average capacity utilization rate for the manufacturing section in April 2025 was reported at 76.6%, slightly up from the 76.2% average capacity utilization rate in March 2025.
All industry divisions reported capacity utilization rates of more than 60% during the month.
The top three industry divisions in terms of reported capacity utilization rate were manufacture of tobacco products at 88.5%, manufacture of other non-metallic mineral products at 83.6%, and manufacture of furniture at 81.1%.
