The Philippine Statistics Authority (PSA) reported that the producer price index (PPI) for manufacturing turned positive in November 2024 after months of negative territory.
The producer price index (PPI) for manufacturing turned positive in November after spending the first 10 months of 2025 in negative territory, the Philippine Statistics Authority (PSA) reported on Friday. The month's 0.3-percent growth rebounded from October's 0.4-percent contraction and was also an improvement from the year-earlier drop of 0.03 percent. Year to date, however, PPI growth remained negative at -0.8 percent.
The November turnaround, the PSA said, 'was primarily due to the acceleration in the annual rate ... for manufacture of computer, electronic and optical products industry division at 3.1 percent ... from 2.1 percent annual increase in October 2024.' The sector had the second-highest weight in the computation of the PPI and accounted for 26.8 percent of the increase. Other contributors were the manufacture of transport equipment and manufacture of food products, which respectively saw growth improve to 2.1 percent from 0.7 percent and 2.4 percent from 1.7 percent. Of the remaining 19 industry sectors, eight experienced contractions while 11 posted growth. Month on month, manufacturing PPI grew by a slower 0.5 percent in November from 0.9 percent a month earlier. It fell by 0.2 percent a year ago. The computer, electronic and optical products industry division, whose growth slowed to from 2.6 percent, was said to be the top contributor to the deceleration. Slower growth in the manufacture of coke and refined petroleum products (0.3 from 0.8 percent) and manufacture of transport equipment (1.0 percent from 1.3 percent) were also factors. 'These three industry divisions contributed 88.3 percent to the slowdown in the month-on-month growth rate of PPI for manufacturing in November 2024,' the PSA said. Of the other 19 industry divisions, 14 posted improvements, three contracted and two were unchanged
MANUFACTURING PPI PHILIPPINE ECONOMY STATISTICS AUTHORITY INFLATION
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