Manufacturing production in the Philippines increased by 10.8% year-on-year in August, accelerating from an upwardly revised 9.9% rise in the previous month. The largest positive contribution came from the manufacture of computer, electronic and optical products (30.1% vs 15.8%), which accounted for 57.3% of the acceleration in the annual growth rate. Other major contributors included the manufacture of transport equipment (11.5% vs 4.9%), basic metals (27.2% vs 23.9%), rubber and plastic products (15.0% vs 9.9%), electrical equipment (10.9% vs 2.9%), and beverages (4.2% vs 3.6%). Meanwhile, production growth moderated for coke and refined petroleum products (24.7% vs 47.6%) and food products (1.3% vs 2.6%). For the January-August period, manufacturing output was 9.3% higher than in the same period a year earlier.
