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Release Date :
Reference Number :
2017-110

 

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

TOTAL MANUFACTURING

JULY
2017
JULY
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

-2.0

7.7

       Volume    (VoPI)

-1.1

12.1

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

- 9.0

3.8

       Volume     (VoNSI)

- 8.1

8.0

        Producer Price Index (2000=100)

- 0.9r

- 4.0

                                                   r - revised

 

  • Value of Production Index declines in July 2017

Value of Production Index (VaPI) for manufacturing went down by 2.0 percent in July 2017 compared with 7.7 percent growth during the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Seven major sectors showed decreases in VaPI, with three major sectors primarily contributing to the downtrend, namely: chemical products (-54.2%), textiles (-23.6%), and rubber and plastic products (-19.1%). Refer to Tables 1-A  and 1.

  • Volume of Production Index slips

Volume of Production Index (VoPI) dropped by 1.1 percent in July 2017 compared with a two-digit increment of 12.1 percent in July 2016. Eight out of the 20 major sectors registered annual declines, with two-digit decreases noted in the following major sectors: chemical products (-52.6%), textiles (-20.3%), and rubber and plastic products (-13.9%). Refer to Tables 1-B and 2.

 
  • Value of Net Sales Index plunges

Value of Net Sales Index (VaNSI) dropped in July 2017 as it registered  a decrease of 9.0 percent from a 3.8 percent during the same month of the previous year. Three major sectors exhibited two-digit decreases in VaNSI led by chemical products (-56.1%) followed by non-metallic mineral products (-23.4%) and footwear and wearing apparel (-22.0%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index decreases

Volume of Net Sales Index (VoNSI) similarly posted year-on-year contraction of 8.1 percent in July 2017. The contributing factors were the decreases in VoNSI exhibited by three major sectors, with considerable reduction observed in chemical products (-55.1%), footwear and wearing apparel (-22.5%) and non-metallic mineral products (-18.0%) . Refer to Tables 2-B and 4.

 

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

Average capacity utilization rate in July 2017 for total manufacturing was recorded at  83.7 percent. Sixty percent or 12 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (88.7%)
  • basic metals (88.6%)
  • non-metallic mineral products (86.5%)
  • machinery except electrical (85.5%)
  • electrical machinery (84.7%)
  • food manufacturing (84.7%)
  • chemical products (83.7%)
  • paper and paper products (83.5%)
  • rubber and plastic products (83.0%)
  • wood and wood products (81.4%)
  • printing (80.6%)
  • footwear and wearing apparel (80.3%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded at almost one-fourth of the total number of establishments (24.8%) in July 2017. About 55.3 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (19.9%) operated below 70 percent capacity. Refer to Table B and 6.

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

Capacity Utilization

Percent Share

Below 50%

   4.0

50% - 59%

   4.9

60% - 69%

   11.0

70% - 79%

 22.2

80% - 89%

 33.1

 90% - 100%

 24.8

 

  • Response Rate

The response rates for the July 2017 MISSI and PPS were registered at 80.0 and 83.9 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

July 2017

June 2017
(Revised)

MISSI

80.0

90.0r

PPS

83.9r

90.9r

 

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.

 

 

 

LISA GRACE S. BERSALES, Ph. D.
Undersecretary
National Statistician and Civil Registrar General

 

 
 
 

______________________________________________________________________________________________________________

 

 

TABLE 1-A Value of Production Index, June 2017 and July 2017
(2000 =100)
 
 

Gainers

Year-on-Year Growth (%)

July 2017
June 2017
(revised)

Footwear and wearing apparel

234.3

336.3

Electrical machinery

15.6

16.5

Petroleum products

12.1

24.0

Basic metals

20.1

16.8

Machinery except electrical

6.0

-11.1

Transport equipment

8.4

12.9

Fabricated metal products

24.5

27.8

Printing

31.0

12.5

Furniture and fixtures

39.8

-1.3

Non-metallic mineral products

7.7

8.0

Paper and paper products

8.6

14.7

Leather products

19.9

20.3

Miscellaneous manufactures

0.5

1.4

 

Losers
Year-on-Year Growth (%)
July 2017
June 2017

(revised)

Chemical products

-54.2

-46.3

Rubber and plastic products

-19.1

-22.1

Textiles

-23.6

2.8

Food manufacturing

-2.0

15.2

Beverages

-6.0

-11.6

Wood and wood products

-8.6

19.5

Tobacco products

-2.0

-1.8

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based July 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, June 2017 and July 2017
(2000 = 100)
 
Gainers

Year-on-Year Growth (%)

July 2017

June 2017
(revised)

Footwear and wearing apparel

233.4

337.6

Electrical machinery

14.6

18.9

Fabricated metal products

114.1

119.9

Basic metals

21.1

15.9

Machinery except electrical          

6.7

-8.1

Furniture and fixtures

58.6

12.6

Transport equipment

10.3

15.1

Non-metallic mineral products

13.9

11.5

Printing

27.7

9.6

Paper and paper products

11.9

16.7

Leather products

36.2

48.1

Food manufacturing

1/

17.5

Losers

Year-on-Year Growth (%)

July 2017
June 2017

(revised)

Chemical products

-52.6

-44.7

Rubber and plastic products

-13.9

-16.8

Textiles

-20.3

7.2

Beverages

-6.0

-11.1

Miscellaneous manufactures

-8.1

-6.9

Petroleum products

-1.1

11.8

Tobacco products

-3.5

-3.1

Wood and wood products

-9.4

19.4

 
Notes:
1/ - Less than 0.1 percent increase
Major Industries are ranked according to their contribution to the overall 2000-based July 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, June 2017 and July 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

July 2017
June 2017
(revised)

Electrical machinery

10.9

12.5

Machinery except electrical

14.0

29.3

Petroleum products

12.1

12.5

Basic metals

19.2

13.4

Textiles

39.2

33.7

Printing

45.5

2.7

Transport equipment

10.8

31.5

Paper and paper products

20.9

11.5

Beverages

7.8

5.5

Miscellaneous manufactures

15.6

18.1

Fabricated metal products

11.6

4.4

Furniture and fixtures

15.1

-2.6

Rubber and plastic products

7.8

1.9

Leather products

19.7

4.1

 
 

Losers

Year-on-Year Growth (%)

July 2017
June 2017
(revised)

Chemical products

-56.1

-46.4

Non-metallic mineral products

-23.4

-12.6

Footwear and wearing apparel

-22.0

-9.4

Food manufacturing

-2.6

1.7

Tobacco products

-2.0

-12.6

Wood and wood products

-2.6

29.7

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based July 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  Value of Net Sales Index, June 2017 and July 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

July 2017
June 2017
(revised)

Electrical machinery

10.7

15.7

Machinery except electrical

17.7

36.9

Fabricated metal products

91.8

79.6

Basic metals

19.8

12.2

Textiles

44.6

38.8

Printing

41.8

0.1

Beverages

9.6

7.8

Transport equipment

10.2

31.1

Paper and paper products

21.6

10.7

Furniture and fixtures

35.1

14.9

Miscellaneous manufactures

11.2

14.1

Rubber and plastic products

12.1

6.3

Leather products

37.0

29.1

Electrical machinery

10.7

15.7

Machinery except electrical

17.7

36.9

 

Losers

Year-on-Year Growth (%)

July 2017
June 2017
(revised)

Chemical products

-55.1

-45.5

Footwear and wearing apparel

-22.5

-9.5

Non-metallic mineral products

-18.0

-8.7

Food manufacturing

-2.8

1.5

Tobacco products

-3.8

-14.0

Petroleum products

-0.3

2.2

Wood and wood products

-2.9

30.3

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based July 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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