r -revised

• Value of Production Index still increases
  

  Value of Production Index (VaPI) for the manufacturing industry on a year-on-year basis continued to grow by 11.7 percent in April 2005, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant growth was brought about by ten (10) major sectors: transport equipment, furniture and fixtures, petroleum, non-metallic mineral products, publishing and printing, chemical products, miscellaneous manufacture, rubber products, textile and food manufacturing.Refer to Tables 1-A and 1.

  On a month-on-month basis, VaPI increased by 5.0 percent in April 2005. A notable increase was posted by tobacco followed by petroleum products, electrical machinery and fabricated metal products.Refer to Tables 1-A and 1.

• Volume of Production Index (VoPI) slightly moves up
  

  Volume of Production Index (VoPI) posted a year-on-year increase of 1.0 percent in April 2005. Sectors with double-digit increases were noted in furniture and fixtures, transport equipment, non-metallic mineral products, rubber products, textile and miscellaneous manufacture. Refer to Tables 2 and 1-B.

  On a month-on-month basis, VoPI in April 2005 picked up by 4.1 percent. Major sectors that significantly contributed to the growth were the following: tobacco, petroleum products, electrical machinery and fabricated mineral products. Refer to Tables 2 and 1-B.

• Value of Net Sales continues to gain
  

  Value of Net Sales in April 2005 posted an increment of 14.8 percent compared to a year ago figure. Major sectors that showed remarkable improvements were the following: transport equipment, furniture and fixtures, petroleum products, basic metals, paper and paper products, footwear and wearing apparel, food manufacturing, textile and non-metallic mineral products. Refer to Tables 2-A and 3.

  Likewise, Value of Net Sales on a month-on-month basis went up by 4.2 percent. Double-digit increases were noted in tobacco and publishing and printing.Refer to Tables 2-A and 3.

• Volume of Net Sales increases
  

  On a year-on-year basis, Volume of Net Sales increased by 2.7 percent in April 2005. Transport equipment, furniture and fixtures, footwear and wearing apparel, paper and paper products and textile exhibited favorable performances.Refer to Tables 2-B and 4.

  On the other hand, Volume of Net Sales registered a growth of 3.4 percent on a monthly basis. Tobacco and publishing and printing led all major sectors with 34.4 and 10.5 percentages, respectively.Refer to Tables 2-B and 4.

Producer's Price Index (PPI) moves higher

Producer's Price Index (PPI) for total manufacturing posted a year-on-year increase of 10.6 percent in April 2005. This was brought about by significant increases in the following major sectors: petroleum products, tobacco, fabricated metal products, chemical products, machinery excluding electrical, basic metals and publishing and printing. Refer to Table 5..

On a month-on-month basis, PPI for total manufacturing gained by 0.9 percent in April 2005. Sectors that contributed to the increase were machinery excluding electrical, chemical products, petroleum products, transport equipment, beverage and furniture and fixtures. Refer to Table 5.

index by previous year same month index less 1.

Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.

TABLE 2-A. VALUE OF NET SALES, March 2005 - April 2005
(1994=100)

TABLE 2-A. VALUE OF NET SALES, March 2005 - April 2005 (concluded)
(1994=100)

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based April 2005 growth rate.

Year-on-year growth rates are computed by dividing the current month value of net sales by previous year same month value of net sales less 1.

Month-on-month growth rates are computed by dividing the current month value of net sales by previous month value of net sales less 1.

TABLE 2-B. VOLUME OF NET SALES, March 2005 - April 2005
(1994=100)

TABLE 2-B. VOLUME OF NET SALES, March 2005 - April 2005 (concluded)
(1994=100)

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based April 2005 growth rate.

Year-on-year growth ratesare computed by dividing the current month volume of net sales by previous year same month volume of net sales less 1.

Month-on-month growth rates are computed by dividing the current month volume of net sales by previous month volume of net sales less 1.

Source:   National Statistics Office
                 Manila, Philippines