|
Total Manufacturing |
April 2007 |
March 2007 |
|
Year-on-Year Growth |
|
|
|
Production Index |
|
|
|
Value(VaPI) |
0.1 |
-4.3r |
|
Volume(VoPI) |
-1.3 |
-6.8r |
|
Net Sales Index |
|
|
|
Value |
3.4 |
5.5r |
|
Volume |
1.4 |
1.9r |
|
Producer Price Index |
1.5 |
2.7r |
|
Average Capacity Utilization |
80.1 |
80.0 |
r-revised
· Value of Production recovers in April 2007
Value of Production Index (VaPI) for the manufacturing industry slightly recovered at a rate of 0.1 percent in April 2007 from the seven-month decline since September 2006, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Sectors that mainly influenced the increase in production were the following: wood and wood products, publishing and printing, non-metallic mineral products, transport equipment and beverages. Refer to Tables 1-A and 1.
On a month-on-month basis, VaPI accelerated by 3.9 percent in April 2007, but this was a slow down from the previous month's (revised) two-digit growth of 15.8 percent. The decreases in production value reported by 17 major sectors were offset by the increases reported by the three (3) major sectors, led by petroleum products with 53.1 percent. Refer to Tables 1-A and 1.
· Volume of Production Index (VoPI) decreases at a slower rate
On a yearly basis, Volume of Production Index (VoPI) continued to drop as it posted a 1.53 percent decrease in April 2007. Significant reductions in factory output were noted in the following major sectors: textiles, tobacco, machinery excluding electrical, footwear and wearing apparel and basic metals. Refer to Tables 2 and 1-B.
However, VoPI on a monthly basis stepped up by 4.1 percent from a two-digit increase (revised) of 15.3 percent in March 2007. The decreases in production volume reported by the 16 major sectors were offset by the increases reported by the four (4) major sectors, led by petroleum products with 48.9 percent. Refer to Tables 2 and 1-B.
· Value of Net Sales continues to grow
Value of Net Sales recorded a year-on-year growth of 3.4 percent in April 2007. Rubber products contributed much to the increase with 53.2 percent growth, followed by other major sectors that registered two-digit increments in sales value, namely: transport equipment, non-metallic mineral products, wood and wood products, paper and paper products, publishing and printing and furniture and fixtures. Refer to Tables 2-A and 3.
However, Value of Net Sales on a monthly basis fell by 7.0 percent in April 2007 after registering a two-digit increase (revised) of 15.5 percent in March. This was due to the sluggish sales performance of 18 major sectors, with two-digit decreases noted in the following: miscellaneous manufactures, basic metals, leather products and transport equipment. Refer to Tables 2-A and 3.
· Volume of Net Sales exhibits positive growth
Volume of Net Sales managed to grow by 1.4 percent in April 2007. This was brought about by the significant year-on-year growth of the following sectors: rubber products, furniture and fixtures, transport equipment, wood and wood products, non-metallic mineral products, paper and paper products and fabricated metal products. Refer to Tables 2-B and 4.
Volume of Net Sales slumped by 6.9 percent in April 2007 from its previous month's (revised) two-digit growth of 14.1 percent. This was due to the month-on-month decreases reported by 18 major sectors, with two-digit decreases noted in the following: miscellaneous manufactures, leather products, basic metals, transport equipment and machinery excluding electrical. Refer to Tables 2-B and 4.
· Capacity Utilization
Average capacity utilization in April 2007 for total manufacturing was estimated at 80.1 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, petroleum products, paper and paper products, electrical machinery, miscellaneous manufactures, leather products, basic metals, rubber products, food manufacturing and chemical products. Refer to Table 6. .
The proportion of establishments that operated at full capacity (90% to 100%) was 10.3 percent in April 2007. More than half or 56.8 percent of the establishments operated at 70% to 89% capacity and 32.9 percent of the establishments operated below 70% capacity.
Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, April 2007
(In percent)
|
Capacity Utilization |
Percent Share |
|
Below 50 percent |
4.0 |
|
50 percent - 59 percent |
9.9 |
|
60 percent - 69 percent |
19.0 |
|
70 percent - 79 percent |
22.4 |
|
80 percent - 89 percent |
34.4 |
|
90 percent - 100 percent |
10.3 |
· Response Rates
The response rates for the April 2007 MISSI and PPS are 90.4 percent and 94.8 percent, respectively. Refer to Tables 7 and 8.
Response Rates for Total Manufacturing
(In percent)
|
April 2007 |
March 2007 |
|
|
MISSI |
90.4 |
96.8r |
|
PPS |
94.8r |
97.7r |
r-revised
· Technical Notes
Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
|
|
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. VALUE OF PRODUCTION INDEX, March 2007 - April 2007
(1994 =100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Food Manufacturing |
6.5 |
0.6 |
|
Transport Equipment |
14.6 |
2.5 |
|
Non-Metallic Mineral Products |
17.4 |
16.7 |
|
Beverages |
10.8 |
3.8 |
|
Publishing and Printing* |
42.0 |
29.8 |
|
Wood and Wood Products |
43.6 |
34.9 |
|
Petroleum Products |
2.0 |
-3.2 |
|
Fabricated Metal Products* |
9.4 |
0.2 |
|
Paper and Paper Products |
8.3 |
1.0 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Textiles |
-45.6 |
-45.7 |
|
Tobacco |
-35.9 |
-42.8 |
|
Basic Metals |
-11.1 |
4.8 |
|
Footwear and Wearing Apparel* |
-14.1 |
-18.1 |
|
Electrical Machinery |
-3.6 |
-10.8 |
|
Machinery Excluding Electrical* |
-26.8 |
-35.5 |
|
Chemical Products |
-2.4 |
-5.4 |
|
Furniture and Fixtures |
-10.9 |
-2.0 |
|
Miscellaneous Manufactures |
-1.7 |
-10.6 |
|
Rubber Products |
-2.0 |
-10.8 |
|
Leather Products* |
-6.4 |
8.2 |
TABLE 1-A. VALUE OF PRODUCTION INDEX, March 2007 - April 2007
(concluded)
(1994=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Petroleum Products |
53.1 |
41.5 |
|
Footwear and Wearing Apparel* |
1.3 |
-0.5 |
|
Leather Products* |
0.6 |
1.7 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Food Manufacturing |
-6.9 |
16.4 |
|
Transport Equipment |
-16.2 |
2.5 |
|
Electrical Machinery |
-5.9 |
11.2 |
|
Basic Metals |
-9.1 |
21.4 |
|
Chemical Products |
-2.5 |
10.2 |
|
Tobacco |
-8.7 |
3.3 |
|
Fabricated Metal Products* |
-10.0 |
11.7 |
|
Non-Metallic Mineral Products |
-4.4 |
10.4 |
|
Furniture and Fixtures |
-20.9 |
5.6 |
|
Miscellaneous Manufactures |
-9.9 |
13.4 |
|
Rubber Products |
-11.2 |
13.2 |
|
Textiles |
-2.4 |
a/ |
|
Beverages |
-1.2 |
21.6 |
|
Machinery Excluding Electrical* |
-4.9 |
3.2 |
|
Publishing and Printing* |
-1.9 |
6.0 |
|
Paper and Paper Products |
-0.8 |
3.3 |
|
Wood and Wood Products |
-0.4 |
6.6 |
Note: * - new sectors in the 1994-based series
a/ - Less than 0.1 percent increase
Sectors are ranked according to their contribution to the overall 1994-based April 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month 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 1-B. VOLUME OF PRODUCTION INDEX, March 2007 - April 2007
(1994 = 100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Transport Equipment |
14.6 |
0.3 |
|
Non-Metallic Mineral Products |
15.6 |
11.3 |
|
Wood and Wood Products |
50.3 |
40.7 |
|
Petroleum Products |
2.6 |
-2.1 |
|
Beverages |
5.9 |
0.4 |
|
Fabricated Metal Products* |
14.0 |
5.8 |
|
Publishing and Printing* |
17.4 |
7.3 |
|
Food Manufacturing |
0.9 |
-5.3 |
|
Paper and Paper Products |
6.7 |
-1.3 |
|
Furniture and Fixtures |
2.8 |
11.9 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Textiles |
-46.2 |
-46.2 |
|
Tobacco |
-35.4 |
-42.4 |
|
Footwear and Wearing Apparel* |
-22.5 |
-32.7 |
|
Basic Metals |
-11.1 |
-0.9 |
|
Chemical Products |
-3.6 |
-6.8 |
|
Electrical Machinery |
-3.6 |
-13.7 |
|
Machinery Excluding Electrical* |
-27.6 |
-35.8 |
|
Rubber Products |
-4.4 |
-17.4 |
|
Miscellaneous Manufactures |
-1.7 |
-9.9 |
|
Leather Products* |
-8.4 |
6.0 |
TABLE 1-B. VOLUME OF PRODUCTION INDEX, March 2007 - April 2007
(concluded)
(1994=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Petroleum Products |
48.9 |
37.2 |
|
Footwear and Wearing Apparel* |
1.3 |
-3.9 |
|
Paper and Paper Products |
0.4 |
2.0 |
|
Leather Products* |
0.6 |
1.7 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Food Manufacturing |
-6.9 |
16.1 |
|
Transport Equipment |
-14.5 |
2.2 |
|
Electrical Machinery |
-3.5 |
10.5 |
|
Basic Metals |
-5.5 |
16.2 |
|
Chemical Products |
-2.4 |
9.8 |
|
Tobacco |
-8.7 |
3.3 |
|
Fabricated Metal Products* |
-11.2 |
11.6 |
|
Beverages |
-2.6 |
20.8 |
|
Furniture and Fixtures |
-20.0 |
4.5 |
|
Miscellaneous Manufactures |
-10.8 |
13.3 |
|
Machinery Excluding Electrical* |
-7.4 |
5.8 |
|
Non-Metallic Mineral Products |
-2.7 |
9.0 |
|
Rubber Products |
-12.2 |
12.3 |
|
Textiles |
-2.5 |
-2.2 |
|
Publishing and Printing* |
-1.9 |
6.0 |
|
Wood and Wood Products |
-0.3 |
6.7 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based April 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month 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 2007 - April 2007
|
Gainers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Transport Equipment |
25.1 |
19.8 |
|
Food Manufacturing |
4.8 |
9.5 |
|
Non-Metallic Mineral Products |
24.0 |
15.5 |
|
Chemical Products |
5.7 |
10.1 |
|
Beverages |
7.1 |
-3.0 |
|
Rubber Products |
53.2 |
20.7 |
|
Paper and Paper Products |
17.1 |
4.3 |
|
Wood and Wood Products |
19.4 |
-9.8 |
|
Publishing and Printing* |
12.5 |
-2.1 |
|
Fabricated Metal Products* |
6.5 |
3.4 |
|
Furniture and Fixtures |
11.7 |
-11.9 |
|
Tobacco |
1.6 |
1.0 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Textiles |
-18.2 |
-22.5 |
|
Electrical Machinery |
-4.4 |
-5.8 |
|
Basic Metals |
-7.4 |
28.3 |
|
Machinery Excluding Electrical* |
-26.8 |
-29.2 |
|
Petroleum Products |
-1.5 |
5.9 |
|
Leather Products* |
-73.7 |
-71.3 |
|
Miscellaneous Manufactures |
-8.4 |
-4.0 |
|
Footwear and Wearing Apparel* |
-1.0 |
0.2 |
TABLE 2-A. VALUE OF NET SALES, March 2007 - April 2007(concluded)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Petroleum Products |
4.9 |
16.3 |
|
Paper and Paper Products |
1.2 |
a/ |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Food Manufacturing |
-8.6 |
14.3 |
|
Basic Metals |
-26.5 |
53.9 |
|
Transport Equipment |
-17.7 |
9.0 |
|
Chemical Products |
-5.7 |
12.0 |
|
Footwear and Wearing Apparel* |
-8.1 |
-10.3 |
|
Miscellaneous Manufactures |
-30.8 |
53.3 |
|
Electrical Machinery |
-2.8 |
12.4 |
|
Non-Metallic Mineral Products |
-8.6 |
18.1 |
|
Tobacco |
-9.1 |
27.9 |
|
Beverages |
-4.1 |
20.6 |
|
Textiles |
-7.3 |
2.1 |
|
Fabricated Metal Products* |
-8.1 |
5.6 |
|
Machinery Excluding Electrical* |
-9.3 |
12.3 |
|
Furniture and Fixtures |
-9.3 |
25.7 |
|
Leather Products* |
-25.3 |
11.5 |
|
Wood and Wood Products |
-1.9 |
-0.3 |
|
Publishing and Printing* |
-0.9 |
3.4 |
|
Rubber Products |
-0.9 |
10.9 |
Note: * - new sectors in the 1994-based series
a/ - Less than 0.1 percent increase
Sectors are ranked according to their contribution to the overall 1994-based April 2007 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 2007 - April 2007
|
Gainers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Transport Equipment |
25.1 |
17.3 |
|
Non-Metallic Mineral Products |
22.1 |
10.1 |
|
Chemical Products |
4.5 |
8.5 |
|
Rubber Products |
49.5 |
11.7 |
|
Paper and Paper Products |
15.4 |
1.9 |
|
Wood and Wood Products |
24.9 |
-5.9 |
|
Fabricated Metal Products* |
11.0 |
9.1 |
|
Furniture and Fixtures |
28.8 |
0.6 |
|
Beverages |
2.4 |
-6.2 |
|
Tobacco |
2.3 |
1.7 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Textiles |
-19.2 |
-23.2 |
|
Electrical Machinery |
-4.4 |
-8.8 |
|
Footwear and Wearing Apparel* |
-10.6 |
-17.6 |
|
Basic Metals |
-7.4 |
21.4 |
|
Machinery Excluding Electrical* |
-27.6 |
-29.5 |
|
Petroleum Products |
-1.0 |
7.1 |
|
Food Manufacturing |
-0.7 |
3.0 |
|
Leather Products* |
-74.2 |
-71.9 |
|
Miscellaneous Manufactures |
-8.4 |
-3.3 |
|
Publishing and Printing* |
-7.0 |
-19.0 |
TABLE 2-B. VOLUME OF NET SALES, March 2007 - April 2007 (concluded)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2007 |
|
|
|
||
|
Petroleum Products |
2.0 |
12.8 |
|
Paper and Paper Products |
2.5 |
-1.2 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
April 2007 |
March 2006 |
|
|
|
||
|
Food Manufacturing |
-8.6 |
14.1 |
|
Basic Metals |
-23.6 |
47.4 |
|
Transport Equipment |
-15.9 |
8.7 |
|
Chemical Products |
-5.5 |
11.6 |
|
Miscellaneous Manufactures |
-31.5 |
53.2 |
|
Footwear and Wearing Apparel* |
-8.1 |
-13.4 |
|
Beverages |
-5.5 |
19.9 |
|
Tobacco |
-9.1 |
27.9 |
|
Non-Metallic Mineral Products |
-7.1 |
16.6 |
|
Textiles |
-7.4 |
-0.1 |
|
Fabricated Metal Products* |
-9.3 |
5.5 |
|
Machinery Excluding Electrical* |
-11.7 |
15.1 |
|
Furniture and Fixtures |
-8.3 |
24.4 |
|
Electrical Machinery |
-0.3 |
11.7 |
|
Leather Products* |
-25.3 |
11.5 |
|
Wood and Wood Products |
-1.8 |
-0.2 |
|
Rubber Products |
-2.1 |
10.0 |
|
Publishing and Printing* |
-0.9 |
3.4 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based April 2007 growth rate.
Year-on-year growth rates are 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
