In a report released on Wednesday, the Philippines National Statistics Office said that the volume of production index for the manufacturing sector dropped 12.4% year-on-year in September, slower than the downwardly revised 13.5% slump in the previous month. A fall in output was recorded across 13 manufacturing sub-sectors.
At the same time, the value of production index for the manufacturing sector dipped 15.4% annually, the same rate of decline as in the preceding month. A fall in output value was recorded across 15 sub-sectors.
On a monthly basis, the volume of production index expanded by 6.5% in September, while the value of production index grew 5.5%.
Meanwhile, the volume of net sales index slid 7.7% from the previous year in September, slower than the 11.5% fall in the previous month, while the average capacity utilization rate climbed to 81.9% from 81.7%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.