Sign up | Log in



Home>>Daily News>>Philippines>>Economy>>PHL factory output down at 9.7% in December 2017

NEWS UPDATES Asean Affairs   February 12, 2018  

PHL factory output down at 9.7% in December 2017

The manufacturing sector contracted in December 2017, a reversal from double-digit growth in 2016, data released by the Philippine Statistics Authority (PSA) on Friday showed.

In its Monthly Integrated Survey of Selected Industries, the statistics office noted the volume of production index plunged to 9.7 percent in December 2017 from 21.7 percent in December 2016.

The PSA noted the output in chemical products was down 67.3 percent; footwear and wearing apparel declined by 42.9 percent; tobacco products decreased by 31.8 percent; and textiles lost 30.5 percent.

“The recent declines in manufacturing are a cause for concern but we are also fully aware of the opportunities that lie ahead: robust domestic consumption demand, increased demand from government, and government’s resolve to improve the ease of doing business,” Socioeconomic Planning Secretary Ernesto Pernia said in a separate statement.

“With the higher take home pay of around 99 percent of Filipino income taxpayers because of the TRAIN (Tax Reform Acceleration and Inclusion) law, household consumption will likely increase,” Pernia noted.

The continuous rollout of infrastructure projects and programmed increase in social spending will also increase domestic demand for manufactured goods, he said.

“To enable the manufacturing sector to take advantage of the increased demand, the government will continue to pursue policy reforms to facilitate business transactions,” Pernia said.

The NEDA chief said the government must stay cautious about the short-term upward inflationary impact of TRAIN as this may largely affect the cost of production, particularly energy-intensive manufacturing firms.

“Inflationary pressures, higher global raw material costs, and peso depreciation will continue to be a challenge to the sector’s growth,” Pernia said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

  Today's  Stories                       February 12, 2018 
• Indonesia posts US$1b balance of payments surplus in 4th quarter of 2017 Subcribe: Asean Affairs Global Magazine
• HCM City seeks visa waiver extension to boost tourism Subsribe Now !
• PHL trade gap widens 62.76% to $4.02B in Dec. 2017
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Myanmar and Thailand border trade reaches nearly US$1.16 billion
• PHL factory output down at 9.7% in December 2017
Asean Analysis                  February 8,  2018
• Asean Analysis February 8, 2018
Advertise Your Brand

Asean Stock Watch   Febriaru 9,  2018

• Asean Stock Watch-February 9, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand