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Philippines' Production Value Index, Net Sales Index Rise in March

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The Philippines' value of production index (VaPI) for manufacturing rose 10.5% annually in March, faster than the 4.5% increase in the month prior, data from the Philippine Statistics Authority showed on Wednesday.

In March 2025, the index had posted a 0.1% annual increase.

Meanwhile, the volume of production index rose 7.8% in March, accelerating from a 3.1% increase in the month prior and reversing the 0.6% decline a year earlier.

The country's production index measures real output in the manufacturing sector.

The value of the net sales index for manufacturing grew 4.3% year on year in March, faster than the 1.9% annual growth in the preceding month.

The volume of net sales index edged up 1.8% year on year in March, versus a 0.5% annual rise in the month prior, the data showed.

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