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MANILA, Philippines – Philippine manufacturing output grew at its fastest pace in more than four years in April, driven largely by a surge in refined petroleum production amid the ongoing conflict in the Middle East.
Data released by the Philippine Statistics Authority (PSA) on Friday showed that the Volume of Production Index—a measure of factory output—increased by 12 percent year-on-year in April, faster than the revised 10.2-percent growth recorded in March.
READ: Pre-Middle East crisis: Philippine factory output rebounds
The April reading marked the strongest expansion since March 2022, when manufacturing output surged 346.05 percent as industries rebounded from the low base created by the pandemic.
