Monthly Integrated Survey of Selected Industries : September 2017

Reference Number: 

2017-134

Release Date: 

Friday, November 10, 2017

 

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

TOTAL MANUFACTURING

SEPTEMBER
2017
SEPTEMBER
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

- 4.3

5.9

       Volume    (VoPI)

- 3.7

11.2

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

- 4.9

6.7

       Volume     (VoNSI)

- 4.4

12.1

        Producer Price Index (2000=100)

- 0.5r

- 4.4

                                                   r - revised

 

  • Value of Production Index slides in September 2017

The Value of Production Index (VaPI) for manufacturing went down as it posted an annual decrement of 4.3 percent in September 2017 compared with the previous year’s growth of 5.9 percent, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The decline in VaPI was mainly influenced by the decreases noted in eight major sectors, offsetting the increases reported by 12 major sectors. Six major sectors that registered two-digit decreases in VaPI were as follows: chemical products (-59.3%), textiles (-43.9%), footwear and wearing apparel (-25.1%), tobacco products (-23.3%), rubber and plastic products (-15.5%) and transport  equipment  (-11.7%). Refer to Tables1-A and 1.

 

  • Volume of Production Index decreases at a slower pace

The Volume of Production Index (VoPI) on a year-on-year basis decelerated at a slow rate of 3.7 percent in September 2017. Of the nine major sectors that exhibited decreases in VoPI, six sectors significantly contributed to the decline, namely: chemical products (-57.9%), textiles (-44.3%), footwear and wearing apparel (-25.1%), tobacco products (-24.4%), miscellaneous manufactures (-10.6%) and rubber and plastic products(-10.5%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index weakens

The Value of Net Sales Index (VaNSI) depicted an annual drop of 4.9 percent in September 2017 compared with the positive growth of 6.7 percent during the same month of the previous year. This was attributed to the decreases in VaNSI as observed in five major sectors led by chemical products (-60.2%), outpacing the increments of 15 major sectors. Two other major sectors that contributed to the shortfall in VaNSI were  wood and wood products (-13.7%) and miscellaneous manufactures  (-10.5%). Refer toTables 2-A and 3.

  • Volume of Net Sales Index decelerates

The Volume of Net Sales Index (VoNSI) also slid down, recording a decrease of 4.4 percent in September 2017 compared with two-digit growth of 12.1 percent during the same month of the previous year.  The major sectors that significantly contributed to the negative performance of VoNSI were the following: chemical products (-59.3%), wood and wood products (-13.8%) and miscellaneous manufactures (-13.3%). Refer to Tables 2-B and 4.

 

 
 
  • Average Capacity Utilization Rate in September 2017 is 83.8 percent with petroleum products posting the highest among industries

Average capacity utilization rate in September 2017 for total manufacturing was recorded at  83.8 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (88.8%)
  • basic metals (88.7%)
  • non-metallic mineral products (86.6%)
  • machinery except electrical (85.6%)
  • food manufacturing (84.9%)
  • electrical machinery (84.7%)
  • chemical products (83.8%)
  • paper and paper products (83.5%)
  • rubber and plastic products (83.2%)
  • wood and wood products (81.4%)
  • printing (80.6%)

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 (19.3%) in September 2017. About 53.9 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (19.4%) operated below 70 percent capacity. Refer to Table B and 6.

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

Capacity Utilization

Percent Share

Below 50%

   3.9

50% - 59%

   4.8

60% - 69%

 10.6

70% - 79%

 22.1

80% - 89%

 31.8

 90% - 100%

 26.8

 

  • Response Rate

The response rates for the September 2017 MISSI and PPS were registered at 78.1 percent and 83.1 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

September 2017

August 2017
(Revised)

MISSI

78.1

91.7r

PPS

83.1r

90.8r

 

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:
 
 
 
DULCE A. REGALA
(Assistant National Statistician, Economic Sector Statistics Service)
Officer - in - Charge

 

 
 
 

______________________________________________________________________________________________________________

 

 

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

Gainers

Year-on-Year Growth (%)

September 2017
August 2017
(revised)

Food manufacturing

13.6

19.6

Electrical machinery

10.2

14.2

Basic metals

38.5

39.7

Fabricated metal products

73.0

4.3

Machinery except electrical

5.9

-0.2

Petroleum products

4.7

17.2

Printing

40.8

41.2

Furniture and fixtures

45.5

38.2

Non-metallic mineral products

11.1

13.4

Beverages

7.0

3.6

Paper and paper products

5.9

8.0

Leather products

8.0

9.2

 
 

Losers

Year-on-Year Growth (%)

September 2017
August 2017
(revised)

Chemical products

-59.3

-50.0

Textiles

-43.9

-23.9

Footwear and wearing apparel

-25.1

-21.9

Transport equipment

-11.7

16.0

Tobacco products

-23.3

-16.7

Rubber and plastic products

-15.5

-23.1

Miscellaneous manufactures

-2.8

-2.4

Wood and wood products

-4.7

10.0

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

Gainers

Year-on-Year Growth (%)

September 2017
August 2017
(revised)

Fabricated metal products

211.3

85.0

Food manufacturing

16.5

22.7

Electrical machinery

8.5

11.9

Basic metals

34.7

33.8

Furniture and fixtures

68.0

56.5

Non-metallic mineral products

17.2

18.8

Printing

37.2

37.5

Beverages

7.2

3.8

Paper and paper products

10.3

9.7

Machinery except electrical          

0.8

0.1

Leather products

35.4

19.6

 
 

Losers

Year-on-Year Growth (%)

September 2017
August 2017
(revised)

Chemical products

-57.9

-49.0

Petroleum products

-8.0

1.3

Textiles

-44.3

-24.5

Footwear and wearing apparel

-25.1

-22.1

Tobacco products

-24.4

-18.0

Transport equipment

-9.3

19.2

Rubber and plastic products

-10.5

-18.0

Miscellaneous manufactures

-10.6

-12.3

Wood and wood products

-5.3

9.6

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

Gainers

Year-on-Year Growth (%)

September 2017
August 2017
(revised)

Machinery except electrical

56.0

54.8

Electrical machinery

15.6

16.1

Petroleum products

20.7

10.6

Basic metals

37.6

34.2

Food manufacturing

9.3

2.6

Beverages

17.2

11.2

Textiles

39.3

35.7

Fabricated metal products

48.3

0.8

Tobacco products

23.1

18.3

Printing

35.5

28.0

Non-metallic mineral products

12.6

17.4

Furniture and fixtures

34.7

2.5

Paper and paper products

13.0

16.3

Rubber and plastic products

13.8

2.8

Leather products

18.8

12.2

 
 

Losers

Year-on-Year Growth (%)

September 2017
August 2017
(revised)

Chemical products

-60.2

-54.0

Footwear and wearing apparel

-9.3

-13.0

Miscellaneous manufactures

-10.5

10.2

Wood and wood products

-13.7

-15.7

Transport equipment

-0.3

26.5

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

Gainers

Year-on-Year Growth (%)

September 2017
August 2017
 (revised)

Machinery except electrical

52.4

59.2

Electrical machinery

14.7

14.6

Fabricated metal products

166.9

78.7

Food manufacturing

9.7

3.0

Basic metals

33.4

28.1

Beverages

19.3

13.2

Petroleum products

6.9

-3.6

Textiles

37.9

34.0

Non-metallic mineral products

20.1

24.3

Furniture and fixtures

60.8

20.1

Tobacco products

20.7

16.1

Printing

32.1

24.6

Paper and paper products

15.0

15.3

Rubber and plastic products

17.7

7.2

Leather products

49.5

22.9

Transport equipment

0.1

27.1

 
 

Losers

Year-on-Year Growth (%)

September 2017
August 2017
(revised)

Chemical products

-59.3

-53.6

Footwear and wearing apparel

-9.7

-13.7

Miscellaneous manufactures

-13.3

4.3

Wood and wood products

-13.8

-15.6

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

 

 

Attachment: 

Tags: