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Release Date :
Reference Number :
2018-004

 

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

TOTAL MANUFACTURING

NOVEMBER
2017
NOVEMBER
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

- 9.3

9.6

       Volume    (VoPI)

- 8.1

15.1

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

- 11.3

10.2

       Volume     (VoNSI)

- 10.1

15.7

        Producer Price Index (2000=100)

- 1.3r

- 4.7

                                                   r - revised

 

  • Value of Production Index posts decrement in November 2017

The Value of Production Index (VaPI) for manufacturing went down by 9.3 percent in November 2017 from a 9.6 percent growth in the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The decline can be accounted for by the consistent decrease in VaPI of chemical products, with 63.6 percent negative growth. This was followed by four other major sectors registering two-digit decline in VaPI, namely: tobacco products (-47.4%), textiles (-33.6%), footwear and wearing apparel (-25.9%) and rubber and plastic products (-13.7%). Refer to Tables1-A and 1.

 

  • Volume of Production Index further drops

The Volume of Production Index (VoPI) likewise posted 8.1 percent decrease in  November 2017 compared to the two-digit growth of 15.1 percent during the same month of the previous year. This was attributed to the decreases in VoPI as observed in six major sectors led by chemical products (-62.7%), outpacing the increments of 14 major sectors. Three other major sectors that contributed to the shortfall in VoPI were tobacco products (-48.3%), textiles (-33.8%) and footwear and wearing apparel (-23.9%) Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index exhibits two-digit negative growth rate

The Value of Net Sales Index (VaNSI) continued to decline, reflecting an annual drop of 11.3 percent in November 2017. This was attributed to the decreases in VaNSI exhibited by five major sectors, outpacing the increments reported by 15 major sectors. Three of the five major sectors largely contributed to the decrease in VaNSI, namely: chemical products (-62.5%), footwear and wearing apparel (-20.3%) and wood and wood products (-13.2%). Refer toTables 2-A and 3.

 

  • Volume of Net Sales Index declines

The Volume of Net Sales Index (VoNSI) likewise dropped by 10.1 percent in November 2017 compared with 15.7 percent growth registered in November 2016. The decline in VoNSI was mainly influenced by the decreases noted in four major sectors, offsetting the increases reported by 16 major sectors. Three major sectors that registered two-digit decreases in VoNSI were as follows: chemical products (-62.1%), footwear and wearing apparel (-18.7%) and wood and wood products (-12.8%). Refer to Tables 2-B and 4.

 

 
 
  • Average Capacity Utilization Rate in November 2017 is 83.9 percent with petroleum products posting the highest among industries

Average capacity utilization rate in November 2017 for total manufacturing was recorded at  83.9 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (89.3%)
  • basic metals (88.8%)
  • non-metallic mineral products (86.7%)
  • machinery except electrical (85.9%)
  • food manufacturing (85.1%)
  • electrical machinery (84.7%)
  • chemical products (84.0%)
  • paper and paper products (83.5%)
  • rubber and plastic products (83.1%)
  • wood and wood products (81.6%)
  • printing (80.7%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded at more than one-fourth of the total number of establishments (27.1%) in November 2017. About 53.7 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (19.2%) operated below 70 percent capacity.Refer to Table B and 6.

 

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

Capacity Utilization

Percent Share

Below 50%

   3.9

50% - 59%

   4.4

60% - 69%

 10.9

70% - 79%

 21.1

80% - 89%

 32.6

 90% - 100%

 27.1

 

  • Response Rate

The response rates for the November 2017 MISSI and PPS were registered at 74.3 percent and 80.6 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

November 2017

October 2017
(Revised)

MISSI

74.3

87.7r

PPS

80.6r

90.1r

 

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 Registration General

 

 
 
 

______________________________________________________________________________________________________________

 

 

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

Gainers

Year-on-Year Growth (%)

November 2017
October 2017
(revised)

Petroleum products

24.8

4.2

Basic metals

57.4

47.3

Machinery except electrical

19.6

18.1

Electrical machinery

9.4

18.1

Non-metallic mineral products

24.5

23.9

Printing

32.6

36.4

Furniture and fixtures

30.3

38.3

Fabricated metal products

11.8

73.6

Miscellaneous manufactures

6.7

6.3

Wood and wood products

16.2

2.2

Beverages

1.3

5.5

Paper and paper products

1.7

6.3

Transport equipment

0.4

-0.8

 
 

Losers

Year-on-Year Growth (%)

November 2017
October 2017
(revised)

Chemical products

-63.6

-62.3

Tobacco products

-47.4

-40.5

Footwear and wearing apparel

-25.9

-28.3

Food manufacturing

-4.1

2.6

Textiles

-33.6

-27.7

Rubber and plastic products

-13.7

-6.0

Leather products

-5.8

10.6

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

Gainers

Year-on-Year Growth (%)

November 2017
October 2017
(revised)

Basic metals

51.9

41.6

Electrical machinery

9.5

12.7

Machinery except electrical          

17.3

16.1

Petroleum products

13.6

-4.2

Non-metallic mineral products

30.7

30.3

Fabricated metal products

56.0

137.6

Furniture and fixtures

52.8

59.9

Printing

29.4

32.9

Transport equipment

4.8

2.5

Paper and paper products

4.8

-19.4

Wood and wood products

16.1

1.8

Beverages

1.5

5.7

Leather products

21.4

40.6

Miscellaneous manufactures

1.8

-1.3

 
 

Losers

Year-on-Year Growth (%)

November 2017
October 2017
(revised)

Chemical products

-62.7

-61.1

Tobacco products

-48.3

-41.4

Footwear and wearing apparel

-23.9

-27.0

Textiles

-33.8

-28.3

Rubber and plastic products

-8.4

-0.8

Food manufacturing

-0.3

6.0

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

Gainers

Year-on-Year Growth (%)

November 2017
October 2017
(revised)

Petroleum products

23.7

13.6

Machinery except electrical

19.9

18.8

Basic metals

40.2

31.4

Electrical machinery

7.0

9.1

Tobacco products

36.1

17.1

Non-metallic mineral products

23.6

23.2

Transport equipment

15.1

-0.9

Textiles

35.4

41.1

Miscellaneous manufactures

22.9

5.3

Printing

34.9

30.1

Paper and paper products

16.4

15.3

Fabricated metal products

15.6

37.5

Beverages

4.7

8.2

Furniture and fixtures

29.2

40.9

Rubber and plastic products

5.3

10.6

 
 
 

Losers

Year-on-Year Growth (%)

November 2017
October 2017
(revised)

Chemical products

-62.5

-59.9

Footwear and wearing apparel

-20.3

-20.7

Food manufacturing

-2.5

3.1

Wood and wood products

-13.2

-14.0

Leather products

-3.5

3.5

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

Gainers

Year-on-Year Growth (%)

November 2017
October 2017
 (revised)

Machinery except electrical

20.5

19.8

Basic metals

34.9

25.9

Petroleum products

13.5

5.3

Electrical machinery

7.8

4.9

Non-metallic mineral products

31.2

31.0

Fabricated metal products

61.2

88.2

Transport equipment

17.4

1/

Tobacco products

33.6

14.9

Textiles

34.4

39.6

Miscellaneous manufactures

23.3

2.9

Furniture and fixtures

56.6

68.5

Printing

31.7

26.8

Paper and paper products

17.1

16.4

Beverages

6.6

10.2

Rubber and plastic products

9.2

14.0

Leather products

23.9

31.6

 
 

Losers

Year-on-Year Growth (%)

November 2017
October 2017
(revised)

Chemical products

-62.1

-59.1

Footwear and wearing apparel

-18.7

-19.6

Food manufacturing

-0.8

4.3

Wood and wood products

-12.8

-13.5

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