Financial News: Philippine Industrial Output Rebounds 0.4%

Philippine Industrial Output Rebounds 0.4%

05/07/2025 - 02:33:00 (RTTNews)

(RTTNews) - Philippine industrial output expanded in March after falling in the previous month, preliminary data from the Philippine Statistical Authority showed on Wednesday.

The value of production in the manufacturing industries climbed 0.4 percent year-over-year in March, reversing a 0.6 percent decrease in February.

The rebound in March was driven by a 19.2 percent growth in the manufacture of food products. Another positive outcome came from the transport equipment segment, which rose by 5.9 percent.

On the other hand, the highest annual decline was noted in the manufacture of basic metals at 38.4 per cent.

On a monthly basis, industrial production decreased a seasonally adjusted 3.3 percent from February, when it dropped by 3.5 per cent.

Separate official data showed that the Philippines' unemployment rate rose marginally to 3.9 percent in March from 3.8 percent in February. The total number of unemployed individuals in March was registered at 1.93 million compared to 2.0 million in the corresponding month last year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Slumps More Than Expected In April (01 hr(s), 18 min(s), 27 sec(s) ago)
(RTTNews) - The Conference Board released a report on Monday showing its reading on leading U.S. e ...Full Story»

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU (02 hr(s), 26 min(s), 27 sec(s) ago)
(RTTNews) - Eurozone economic growth outlook was downgraded substantially for 2025 due to the impa ...Full Story»

Malta HICP Inflation Rises To 2.6% (03 hr(s), 01 min(s), 27 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation accelerated further in April to the highest level ...Full Story»

Eurozone Inflation Steady At 2.2% (05 hr(s), 51 min(s), 27 sec(s) ago)
(RTTNews) - Eurozone consumer prices logged a steady growth in April, final data from Eurostat sho ...Full Story»

Spain Trade Gap Widens In March (06 hr(s), 21 min(s), 27 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in March from a year ago, as impor ...Full Story»

Slovakia HICP Inflation Eases To 3.9% (07 hr(s), 12 min(s), 27 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation eased in April to the lowest level in four mont ...Full Story»

Austria Inflation Confirmed At 3.1% (07 hr(s), 43 min(s), 27 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose slightly as initially estimated in April, ...Full Story»

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint (07 hr(s), 56 min(s), 27 sec(s) ago)
(RTTNews) - China's industrial production increased more than expected in April despite trade ...Full Story»