The Value of Production Index (VaPI) for manufacturing posted an annual decrement of -5.1 percent in December 2020 compared with the faster drop of -11.5 percent in the previous month. The decline of VaPI in December 2020 was the tenth consecutive month of contraction and the lowest decrease since March 2020. In December 2019, VaPI dropped by -6.8 percent. (Table A)

The Philippine Statistics Authority (PSA) wishes to inform the public that the Producer Price Index (PPI) for Manufacturing, and the production and sales indices generated from the results of the Monthly Integrated Survey of Selected Industries (MISSI) are rebased to 2018, from 2000 base period, starting with the January 2021 reference month.