In November 2024, it saw a YoY increase of 0.5 per cent.

The Philippine manufacturing producer price index (PPI) posted a slower YoY rise of 0.1 per cent in November 2025 from a 0.5-per cent YoY rise in October.
It also exhibited a slower month-on-month (MoM) rise of 0.2 per cent in the month from a 0.6-per cent rise in October.
The PPI for readymade garments manufacturing rose by 0.7 per cent YoY and decreased by less than 0.05 per cent MoM in November 2025.

The deceleration in November 2025 was primarily due to the 0.1-per cent YoY decline in the PPI for manufacture of transport equipment from a 1-per cent YoY increase in October 2025.

The manufacture of transport equipment contributed 25.8 per cent to the slower annual growth rate of PPI for manufacturing in the month.

The manufacturing PPI also exhibited a slower month-on-month (MoM) increase of 0.2 per cent in the month from a 0.6-per cent rise in October. It posted a 0.6-per cent MoM increase in November 2024.

The PPI for readymade garments manufacturing rose by 0.7 per cent YoY and decreased by less than 0.05 per cent MoM in November 2025, a release from the Philippines Statistics Authority (PSA) said.

The value of production index (VaPI) for the manufacturing section registered a YoY decrease of 1.4 per cent in November last year from a 1.5-per cent YoY increase in October. In November 2024, it recorded a YoY decline of 4.1 per cent.

Fibre2Fashion News Desk (DS)

The index recorded a sharp increase, mainly due to rate hikes on the Transpacific and Asia–Europe trade routes.

Drewry’s World Container Index jumped 16 per cent to $2,257 per FEU in the week ending January 8, 2026, driven by sharp rate hikes on Transpacific and Asia–Europe routes.
Spot rates rose strongly from Shanghai to Europe and the US amid higher FAK charges.
However, rising capacity and soft Asia–US volumes suggest the surge may be short-lived.

Spot rates on the Shanghai–Genoa route increased 13 per cent to $3,885 per 40-foot container, while those on Shanghai–Rotterdam rose 10 per cent to $2,840 per 40-foot container. This upward momentum was driven by higher Freight All Kinds (FAK) rates implemented by carriers.

Spot rates from Shanghai to Los Angeles surged 26 per cent to $3,132 per 40-foot container, while rates from Shanghai to New York climbed 20 per cent to $3,957 per 40-foot container.

Rates from New York to Rotterdam remained steady at $966 per FEU, while Rotterdam to New York increased 2 per cent to $1,685 per FEU. Freight rates on the Rotterdam–Shanghai route rose 3 per cent to $504, while Los Angeles–Shanghai rates increased 1 per cent to $721 per 40-foot container.

Container shipping capacity rose 7–10 per cent month on month on both Asia–North American routes and 5–7 per cent on Asia–North Europe/Mediterranean routes in January. However, anecdotal evidence points to soft volumes from Asia to the US, suggesting these sharp increases appear opportunistic and are unlikely to be sustained.

Fibre2Fashion News Desk (KUL)