Production in Philippines' manufacturing sector increased at a slower rate in May, data released by the National Statistics Office showed Tuesday.
Manufacturing production, in volume terms, increased 3.1 percent on an annual basis in May, slightly slower than the revised 3.3 percent growth seen in April.
On a month-on-month basis, production increased of 4.9 percent in May, recovering from April's 9.1 percent decrease, the agency said.
In value terms, factory output gained 4.7 percent annually during the month, after growing a revised 4.9 percent in the previous month.
At the same time, In May, the volume of manufacturing turnover decreased 0.5 percent compared to the same month last year, reversing the previous month's 4.8 percent growth. Sales, in value terms, moved up 1 percent during the month, following April's 6.4 percent increase, data showed.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.