Monthly Integrated Survey of Selected Industries : February 2017

Reference Number: 

2017-040

Release Date: 

Tuesday, April 11, 2017

 

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: February 2017 and February 2016
 

TOTAL MANUFACTURING

FEBRUARY
2017
FEBRUARY
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

13.6

5.4

       Volume    (VoPI)

10.7

11.6

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

22.3

1/

       Volume     (VoNSI)

19.2

5.9

        Producer Price Index (2000=100)

2.6r

-5.6

                                                   r - revised
                                                   1/ - less than 0.1 percent decrease

 

  • Value of Production Index expands with a two-digit growth in February 2017

Value of Production Index (VaPI) for manufacturing increased as it posted an annual two-digit growth of 13.6 percent in February 2017 compared with the 5.4 percent growth during the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was brought about by the robust production performance in VaPI of 14 major sectors. Showing two-digit increments are petroleum products (95.0%), transport equipment (27.5%), basic metals (26.3%), wood and wood products (21.2%) non-metallic mineral products (20.0%), food manufacturing (19.3%), furniture and fixtures (16.6%), miscellaneous manufactures (16.2%), machinery except electrical (12.6%) and chemical products (12.0%). Refer to Tables 1-A   and 1.

 

  • Volume of Production Index sustains its two-digit growth

Volume of Production Index (VoPI) maintained a two-digit growth, registering at 10.7 percent in February 2017. Among the 14 major sectors that reported increases in VoPI, nine major sectors reported two-digit growth, namely: petroleum products (47.1%), basic metals (28.2%), transport equipment (27.8%), non-metallic mineral products (26.3%), furniture and fixtures (21.9%), food manufacturing (20.6%), wood and wood products (19.5%), chemical products (14.5%) and leather products (12.5%). Refer to Tables 1-B and 2.

 

  • Value of Net Sales Index shows significant increase

Value of Net Sales Index (VaNSI) climbed to 22.3 percent increase in February 2017. Significant expansion in VaNSI were observed in 14 major sectors led by basic metals with an increase of 87.1 percent. Other 13 sectors with two-digit annual growth rates are: textiles (73.0%), petroleum products (44.8%), transport equipment (37.0%), chemical products (35.7%), furniture and fixtures (28.7%), machinery except electrical (27.9%), wood and wood products (27.2%), miscellaneous manufactures (22.8%), leather products (22.1%), electrical machinery (14.6%), beverages (12.8%), rubber and plastic products (12.3%) and food manufacturing (10.3%) . Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index also picks up

Volume of Net Sales Index (VoNSI) continued to increase, registering a two-digit growth of 19.2 percent in February 2017 compared with the previous year’s figure of 5.9 percent. The increase was attributed by the sales output performance of 14 major sectors, with significant increases noted in the following: basic metals (89.9%), textiles (81.2%), chemical products (38.8%), transport equipment (37.3%), furniture and fixtures (34.5%), leather products (29.4%), wood and wood products (25.4%), rubber and plastic products (20.5%), machinery except electrical (20.4%), electrical machinery (17.9%), food manufacturing (11.5%), miscellaneous manufactures (11.1%) and beverages (10.5%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate in February 2017 is 83.7 percent with petroleum products posting the highest among industries

Average capacity utilization rate in February 2017 for total manufacturing was recorded at 83.7 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

  • petroleum products (88.8%)
  • basic metals (88.4%)
  • non-metallic mineral products (86.5%)
  • machinery except electrical (85.4%)
  • food manufacturing (85.2%)
  • electrical machinery  (84.5%)
  • chemical products (83.9%)
  • paper and paper products (83.3%)
  • rubber and plastic products (82.9%)
  • wood and wood products (81.5%)
  • printing (80.3%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was recorded more than one-fifth of the total number of establishments (24.1%) in February 2017. About 56.6 percent of the establishments operated at 70 percent to 89 percent capacity while 19.3 percent of the establishments operated below 70 percent capacity. Refer to Table B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: February 2017

Capacity Utilization

Percent Share

Below 50%

   4.6

50% - 59%

   4.7

60% - 69%

   10.0

70% - 79%

 23.7

80% - 89%

 32.9

 90% - 100%

 24.1

 

  • Industry Coverage

The 2016 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2016 MISSI. These are presented in the table below.

 

2009 PSIC CODE

INDUSTRY DESCRIPTION

C10

Food manufacturing *

C11

Beverages

C12

Tobacco products

C13

Textiles*

C14, C152

Footwear and wearing apparel

C151

Leather products

C16

Wood and wood products*

C17

Paper and paper products

C18

Printing

C19

Petroleum products*

C20,C21

Chemical products*

C22

Rubber and plastic products*

C23

Non-metallic mineral products*

C24

Basic metals*; 

C25,C3311

Fabricated metal products

C262,C275,C28,

C263,C268,C3312,C332

Machinery except electrical*

C261,C264,C27,

C29301,C3314,C332

Electrical machinery*

C29 except C29301,

C30,C3315

Transport equipment

C31

Furniture and fixtures

C265,C266,C267,C32, C3313,C3319

Miscellaneous manufactures

Note:  * - Major industries categorized  into sub-industries

 

  • Response Rate         

The response rates for the February 2017 MISSI and PPS are 76.4 and 79.4 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

February 2017

January 2017
(Revised)

MISSI

76.4

87.4r

PPS

79.4r

85.3r

 

Data of non-responding samples were estimated using short-term geometric mean of the relative values of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

 

                     

 

                                                                                                                    

                                                      (Sgd.) LISA GRACE S. BERSALES, Ph.D.
                                              National Statistician and Civil Registrar General

 

 


 

 

 

TABLE 1-A Value of Production Index, January 2017 and February 2017

   (2000 =100)

Gainers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Petroleum products

95.0

87.2

Food manufacturing

19.3

26.8

Machinery except electrical

12.6

14.5

Transport equipment

27.5

46.2

Basic metals

26.3

58.7

Chemical products

12.0

-10.2

Non-metallic mineral products

20.0

7.2

Miscellaneous manufactures

16.2

21.5

Beverages

3.4

-2.4

Furniture and fixtures

16.6

-4.3

Wood and wood products

21.2

122.3

Tobacco products

4.5

-14.2

Footwear and wearing apparel

2.1

17.7

Leather products

6.8

-1.1

 

Losers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Electrical machinery

-7.4

-13.1

Textiles

-25.6

-28.6

Fabricated metal products

-22.2

-4.4

Paper and paper products

-13.4

2.7

Rubber and plastic products

-9.1

-10.2

Printing

-18.4

-23.2

 
Notes:   Major Industries are ranked according to their contribution to the overall 2000-based February 2017 growth rate.
             Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.
 

 

 

TABLE 1-B  Volume of Production Index, January 2017 and February 2017

(2000 = 100)

Gainers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Petroleum products

47.1

45.3

Food manufacturing

20.6

26.0

Basic metals

28.2

61.7

Transport equipment

27.8

47.1

Chemical products

14.5

-7.8

Non-metallic mineral products

26.3

14.6

Machinery except electrical          

6.1

8.6

Furniture and fixtures

21.9

3.1

Wood and wood products

19.5

118.4

Miscellaneous manufactures

5.2

10.5

Tobacco products

4.8

-14.1

Beverages

1.2

-4.5

Footwear and wearing apparel

1.0

20.1

Leather products

12.5

3.2

 

Losers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Electrical machinery

-4.8

-10.5

Textiles

-22.0

-25.0

Printing

-20.6

-24.8

Paper and paper products

-10.4

6.0

Fabricated metal products

-12.1

5.3

Rubber and plastic products

-2.6

-3.2

 
Notes:   Major Industries are ranked according to their contribution to the overall 2000-based February 2017 growth rate.
             Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.
 

 

 

TABLE 2-A  Value of Net Sales Index, January 2017 and February 2017

(2000 =100)

Gainers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Petroleum products

44.8

26.3

Basic metals

87.1

55.2

Chemical products

35.7

7.0

Machinery except electrical

27.9

19.9

Electrical machinery

14.6

10.4

Food manufacturing

10.3

14.5

Transport equipment

37.0

38.8

Textiles

73.0

72.4

Beverages

12.8

6.9

Miscellaneous manufactures

22.8

24.8

Furniture and fixtures

28.7

18.9

Wood and wood products

27.2

39.9

Rubber and plastic products

12.3

11.3

Leather products

22.1

-12.1

 

Losers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Footwear and wearing apparel

-22.0

-8.8

Non-metallic mineral products

-15.4

11.6

Fabricated metal products

-29.8

-7.2

Printing

-33.2

2.7

Paper and paper products

-7.8

7.0

Tobacco products

-5.6

-1.5

 
Notes:   Major Industries are ranked according to their contribution to the overall 2000-based February 2017 growth rate.
             Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.
 

 

TABLE 2-B  Volume of Net Sales Index, January 2017 and February 2017

(2000 = 100)

Gainers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Basic metals

89.9

58.1

Chemical products

38.8

9.9

Electrical machinery

17.9

13.6

Machinery except electrical

20.4

13.6

Food manufacturing

11.5

13.8

Transport equipment

37.3

39.7

Textiles

81.2

81.2

Petroleum products

9.2

-2.0

Beverages

10.5

4.7

Furniture and fixtures

34.5

28.1

Rubber and plastic products

20.5

20.0

Miscellaneous manufactures

11.1

13.5

Wood and wood products

25.4

37.5

Leather products

29.4

-7.4

 

Losers

Year-on-Year Growth (%)

February 2017
January 2017
(revised)

Footwear and wearing apparel

-22.9

-6.9

Printing

-34.9

0.5

Non-metallic mineral products

-10.9

19.4

Fabricated metal products

-20.7

2.2

Tobacco products

-5.3

-1.3

Paper and paper products

-4.7

10.5

 
Notes:   Major Industries are ranked according to their contribution to the overall 2000-based February 2017 growth rate.
             Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.
 
 
 

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