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The Philippine manufacturing sector recorded faster growth in August 2026 as majority of industry divisions posted annual increases, according to data from the Philippine Statistics Authority
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The value of production index for the manufacturing section grew 10.8% year-on-year while the volume of production index increased 11.8% year-on-year
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The acceleration in growth for the month was mainly attributed to the faster annual increase posted by three industry divisions, namely: computer, electronic and optical products; transport equipment; and basic metals
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The average capacity utilization rate stood at 78.7%, slightly lower than the 78.8% in July 2026 but higher than the 77.6% in August 2025
The Philippine manufacturing sector recorded faster growth in August 2026 as majority of industry divisions posted annual increases, according to data from the Philippine Statistics Authority (PSA).
The value of production index (VaPI) for the manufacturing section grew 10.8% year-on-year in August 2026, faster than the 9.9% and 1.9% growth in July 2026 and August 2025, respectively, according to PSA’s latest Monthly Integrated Survey of Selected Industries (MISS).
The volume of production index (VoPI) likewise increased 11.8% year-on-year, better than the 6.7% and 1.3% increments recorded in July 2026 and August 2025, respectively.
The acceleration in growth for August 2026 was mainly attributed to the faster annual increase posted by three industry divisions, namely, computer, electronic and optical products; transport equipment; and basic metals.
Of the 22 industry divisions, 18 recorded annual growth while the remaining four posted declines in their VaPI and VoPI.
Similarly, the value of net sales index (VaNSI) registered a faster year-on-year increase in August at 9.8%, primarily driven by improved growth in the manufacture of computer, electronic and optical products, and of electrical equipment, as well as the slower decline in the manufacture of basic pharmaceutical products and pharmaceutical preparations.
The volume of net sales index (VoNSI), on the other hand, registered a slower annual increase of 6.5%. The slower annual increase in the manufacture of coke and refined petroleum products, and of food products, and the annual decrease in the manufacture of non-metallic mineral products, led the slower acceleration in VoNSI for August.
Based on MISSI’s responding establishments, the average capacity utilization rate for the manufacturing section in August 2026 stood at 78.7%, slightly lower than the 78.8% in July 2026 but higher than the 77.6% in August 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 manufacture of tobacco products at 85%, coke and refined petroleum products at 83.9%, and computer, electronic and optical products at 83.3%.
