Philippine manufacturing output grew 10.2% in May, easing from the previous month’s double-digit expansion, according to data from BusinessWorld. The figure marks a slowdown from April’s higher growth rate, which analysts attribute to a normalization of activity after a period of strong recovery.
Despite the moderation, the manufacturing sector continues to benefit from resilient domestic demand, with key industries such as food processing, electronics, and chemicals sustaining output. Analysts noted that the easing is not a cause for concern but reflects a return to more sustainable growth levels.
The May performance keeps the sector on track for steady expansion in the second quarter, supporting overall economic growth. Policymakers and industry observers will watch upcoming months for signs of continued demand strength amid global uncertainties.