Monthly Integrated Survey of Selected Industries : January 2018

Reference Number: 

2018-041

Release Date: 

Tuesday, March 6, 2018

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: January 2018 and January 2017

TOTAL MANUFACTURING

JANUARY

2018

JANUARY

2017

Production Index (2000=100)

 

 

       Value       (VaPI)

20.4

13.7

       Volume    (VoPI)

21.9

 

14.9

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

15.3

20.8

       Volume     (VoNSI)

17.5

22.1

 Producer Price Index (2000=100)

-1.9r

 -1.1

 

r - revised

  • Value of Production Index posts two-digit increments inJanuary 2018

The Value of Production Index (VaPI) for manufacturing rose to 20.4 percent in January 2018 from 13.7 percent growth in the same month of the previous year, based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Twelve major sectors mainly influenced the growth led by printing, with three-digit growth of117.4 percent. The  other 11 major sectors that contributed to the significant performance of VaPI were machinery except electrical (37.4%), basic metals (35.7%), petroleum products (32.7%), beverages (31.2%), chemical products (30.1%), non-metallic mineral products (17.8%), electrical machinery (17.0%),leather products (16.3%), paper and paper products (14.1%) miscellaneous manufactures (13.0%) and food manufacturing (12.6%).Refer to Tables1-A and 1.

  • Volume of Production Index registers substantial growth

The Volume of Production Index (VoPI), likewise recorded a year-on-year growth of 21.9 percent in January 2018.The growth was supported by the two-digit annual expansions in 13 major sectors, namely: printing (114.5%), leather products (39.2%), petroleum products (37.0%), machinery except electrical (36.8%), basic metals (35.5%), chemical products (32.3%), fabricated metal products (32.2%), beverages (31.8%), non-metallic mineral products (17.5%), food manufacturing (15.2%), paper and paper products (14.7%), electrical machinery (13.9%) and miscellaneous manufactures (12.3%).Refer to Tables 1-B and 2.

  • Value of Net Sales Index grows at a slower rate

The Value of Net Sales Index (VaNSI) gained at a slower rate of 15.3 percent in January 2018 compared with 20.8 percent in January 2017. Fourteen (14) of the 20 major sectors contributed to the growth in VaNSI with significant increments posted by the following: chemical products (53.9%), tobacco products (37.0%), leather products (35.9%), paper and paper products (23.3%), printing (21.8%), basic metals (20.6%), electrical machinery (20.1%), beverages (18.6%), machinery except electrical (13.4%) and petroleum products (10.9%). Refer toTables 2-A and 3.

  • Volume of Net Sales Index expands

The Volume of Net Sales Index (VoNSI) went up by17.5 percent in January 2018. This was mainly influenced by the increments noted in 15 major sectors, with11 major sectors that registered two-digit increases in VoNSI as follows: chemical products (57.5%), leather products (54.7%), tobacco products (28.4%), paper and paper products (24.1%), printing (23.6%), basic metals (19.6%), electrical machinery (16.6%), beverages (16.5%), fabricated metal products (13.4%), transport equipment (10.5%) and machinery except electrical (10.4%).Refer to Tables 2-B and 4.

Average Capacity Utilization Rate in January 2018 is 84.1 percent with petroleum productsposting the highest among industries

Average capacity utilization rate in January 2018 for total manufacturing was recorded at  84.1 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (89.5%)
  • basic metals (88.9%)
  • non-metallic mineral products (86.5%)
  • machinery except electrical (85.9%)
  • food manufacturing (85.3%)
  • electrical machinery (84.8%)
  • chemical products (84.1%)
  • paper and paper products (83.5%)
  • rubber and plastic products (82.9%)
  • wood and wood products (81.4%)
  • printing (81.1%)

The proportion of establishments that operated at full capacity (90% to 100%) was recordedat more than one-fourth of the total number of establishments (27.9%) in January 2018. About53.7 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.4%) operated below 70 percent capacity. Refer to Table B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: January 2018

Capacity Utilization

Percent Share

Below 50%

3.8

50% - 59%

4.0

60% - 69%

10.6

70% - 79%

 20.2

80% - 89%

 33.5

 90% - 100%

 27.9

 

Response Rate

The response rates for the January 2018 MISSI and PPS were registered at 66.6 percent and 72.8 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing

(In percent)

 

January 2018

December 2017

(Revised)

MISSI

66.6

88.4r

PPS

72.8r

89.3r

r - revised

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.

 

FOR THE NATIONAL STATISTICIAN:

 

 

ROMEO S. RECIDE

Assistant Secretary

(Deputy National Statistician)

Officer-in-Charge

 


TABLE 1-A Value of Production Index, December 2017 and January 2018

   (2000 =100)

Industry Group

Year-on-Year Growth (%)

January 2018

December 2017
(revised)

Gainers

 

 

Machinery except electrical

37.4

5.8

Petroleum products

32.7

30.0

Electrical machinery

17.0

1.8

Chemical products

30.1

-68.9

Food manufacturing

12.6

1.4

Basic metals

35.7

61.1

Beverages

31.2

8.8

Printing

117.4

83.6

Non-metallic mineral products

17.8

23.4

Paper and paper products

14.1

5.6

Miscellaneous manufactures

13.0

16.1

Fabricated metal products

7.5

-9.2

Leather products

16.3

-11.8

Losers

 

 

Transport equipment

-14.9

-5.0

Tobacco products

-26.3

-30.8

Rubber and plastic products

-13.2

-0.5

Wood and wood products

-53.4

-3.5

Footwear and wearing apparel

-9.2

-43.7

Furniture and fixtures

-2.9

31.2

Textiles

-0.1

-30.4

 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based January 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same
   month index, less 1.
 
 

TABLE 1-B  Volume of Production Index, December 2017 and January 2018

(2000 = 100)

 

 

Year-on-Year Growth (%)

Industry Group

January 2018

 

December 2017

(revised)

Gainers

 

 

Petroleum products

37.0

26.5

Machinery except electrical          

36.8

2.7

Food manufacturing

15.2

5.0

Electrical machinery

13.9

-1.2

Chemical products

32.3

-68.0

Basic metals

35.5

55.1

Beverages

31.8

9.0

Printing

114.5

79.2

Non-metallic mineral products

17.5

28.4

Fabricated metal products

32.2

27.2

Paper and paper products

14.7

7.5

Miscellaneous manufactures

12.3

8.5

Leather products

39.2

11.6

Losers

   

Transport equipment

-13.9

-2.0

Tobacco products

-27.7

-31.8

Rubber and plastic products

-11.6

5.7

Wood and wood products

-52.9

-3.8

Footwear and wearing apparel

-7.1

-42.7

Textiles

-1.0

-30.8

Furniture and fixtures

-1.2

53.4

 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based January 2018 growth rate.
    Year-on-year growth rates are computed by dividing the current month index by the previous year’s same 
       month index, less 1.
 
TABLE 2-A  Value of Net Sales Index, December 2017 and January 2018

(2000 =100)

Industry Group

Year-on-Year Growth (%)

January 2018

 
December 2017
(revised)

Gainers

 

 

Chemical products

53.9

-60.7

Electrical machinery

20.1

12.0

Machinery except electrical

13.4

52.5

Petroleum products

10.9

14.2

Food manufacturing

5.8

3.5

Basic metals

20.6

34.6

Beverages

18.6

7.2

Tobacco products

37.0

-14.7

Paper and paper products

23.3

6.1

Transport equipment

6.4

-22.2

Printing

21.8

29.1

Non-metallic mineral products

5.4

7.9

Leather products

35.9

-23.0

Rubber and plastic products

2.4

9.1

Losers

 

 

Textiles

-24.1

45.3

Footwear and wearing apparel

-10.3

-23.0

Fabricated metal products

-8.9

-5.2

Miscellaneous manufactures

-3.6

-3.1

Furniture and fixtures

-8.6

30.4

Wood and wood products

-12.0

-13.8

 
Notes:     Major Industries are ranked according to their contribution to the overall 2000-based January 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the
    previous year, less 1.

 

TABLE 2-B  Volume of Net Sales Index, December 2017 and January 2018

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

January 2018

December 2017
 (revised)

Gainers

 

 

Chemical products

57.5

-60.2

Electrical machinery

16.6

11.0

Food manufacturing

9.3

5.4

Machinery except electrical

10.4

54.6

Basic metals

19.6

30.8

Beverages

16.5

9.1

Tobacco products

28.4

-16.3

Transport equipment

10.5

-20.4

Paper and paper products

24.1

6.3

Petroleum products

3.2

10.8

Printing

23.6

26.2

Fabricated metal products

13.4

35.2

Non-metallic mineral products

4.2

13.8

Leather products

54.7

-2.4

Rubber and plastic products

7.5

13.5

Losers

 

 

Textiles

-24.0

44.4

Footwear and wearing apparel

-6.4

-19.9

Miscellaneous manufactures

-8.5

-3.0

Furniture and fixtures

-9.7

61.8

Wood and wood products

-11.4

-13.6

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based January 2018 growth rate.
  Year-on-year growth rates are computed by dividing the current month index by the same month index of the
  previous year, less 1.

 

 

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