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.
______________________________________________________________________________________________________________
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 |
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 |
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 |
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 |