Monthly Integrated Survey of Selected Industries : April 2009

Reference Number: 

2009-050

Release Date: 

Thursday, June 25, 2009

 

 

 
Total Manufacturing    April 2009     March 2009
Year-on-Year Growth  
    Production Index (2000=100)  
            Value         (VaPI) -14.9 -10.0r
            Volume     (VoPI) -15.5 -10.3r
    Net Sales Index (2000=100)  
            Value        (VaNSI) -14.2 -15.1r
            Volume     (VoNSI) -14.7 -15.4r
    Producer Price Index (2000=100) 0.6r 0.3r
    AVERAGE CAPACITY UTILIZATION 79.9 79.8r
 

 

 

·  Value of Production slides further in April 2009

Value of Production Index (VaPI) for the manufacturing industry on an annual basis declined to 14.9 percent in April 2009, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Seventeen of 20 major sectors accounted for the decline in production with significant values noted in the following: leather products, furniture and fixtures, petroleum products, basic metals, transport equipment, paper and paper products, footwear and wearing apparel, miscellaneous manufactures, rubber and plastic products, chemical products, machinery except electrical, and food manufacturingRefer to Tables 1-A and 1.

On a monthly basis, the performance of VaPI was flat in April 2009 compared to the two-digit growth of 13.1 percent during the previous month. Eight of the 20 major sectors reported increases, with two-digit increments observed in tobacco products (70.3%) and petroleum products (51.2%). While the remaining 12 major sectors posted declines, with two-digit decreases observed in the following: paper and paper products, chemical products, non-metallic mineral products, transport equipment, and machinery except electricalRefer to Tables 1-A and 1.

·  Volume of Production continues to decelerate

Likewise, Volume of Production Index (VoPI) continued to fall as it posted a year-on-year decrease of 15.5 percent in April 2009. Except for tobacco products, all sectors reported reductions in volume of production, with two-digit decreases reported by the following: leather products, furniture and fixtures, transport equipment, footwear and wearing apparel, paper and paper products, basic metals, textiles, machinery except electrical, petroleum products, miscellaneous manufactures, beverages, non-metallic mineral products, chemical products, and wood and wood productsRefer to Tables 1-B and 2.

On a month-on-month basis, VoPI decelerated to 0.4 percent in April 2009.This was due to the shortfall in production output observed in 12 major sectors, with two-digit decreases reported by the following: paper and paper products, non-metallic mineral products, machinery except electrical, transport equipment, andchemical productsRefer to Tables 1-B and 2.

 

 

·  Value of Net Sales decelerates at a slower rate in April 2009

On a year-on-year change, Value of Net Sales Index (VaNSI) fell at a slower rate as it posted at 14.2 percent in April 2009. Among the 17 major sectors that reported shortfall in sales, ten sectors significantly contributed to the decline, namely: furniture and fixtures, leather products, basic metals, textiles, petroleum products, paper and paper products, wood and wood products, miscellaneous manufactures, electrical machinery, and rubber and plastic productsRefer to Tables 2-A and 3.

On a month-on-month change, VaNSI decreased at a slower rate of 1.6 percent in April 2009 from the previous month's growth of 14.8 percent. This was brought about by the significant sales reduction in the following major sectors: non-metallic mineral products, furniture and fixtures, beverages, wood and wood products, andtextilesRefer to Tables 2-A and 3.

·  Volume of Net Sales decreases

Volume of Net Sales Index (VoNSI), on a yearly comparison, likewise posted a year-on-year drop of 14.7 percent in April 2009. The decline was due to the poor performance of all the major sectors except for footwear and wearing apparel, which reported an increase of 2.5 percent in sales. Refer to Tables 2-B and 4.

On a month-on-month comparison, VoNSI slid by 1.9 percent in April 2009 from its previous month's growth of 14.9 percent. Sectors that mainly influenced the decrease were the following: non-metallic mineral products, furniture and fixtures, beverages, wood and wood products, textiles, and rubber and plastic products.Refer to Tables 2-B and 4.

 

                                                                                       

·  Capacity Utilization

Average capacity utilization in April 2009 for total manufacturing was estimated at 79.9 percent. Only eight (8) major sectors registered capacity utilization rates of 80% and more, namely: basic metals, food manufacturing, leather products, electrical machinery, paper and paper products, miscenufactures, chemical products, and rubber and plastic productsRefer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 10.8 percent in April 2009. About 65.2 percent of the establishments operated at 70% to 89% capacity while 24.0 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization 
Total Manufacturing, April 2009

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

3.5

50 percent - 59 percent

6.5

60 percent - 69 percent

14.0

70 percent - 79 percent

23.0

80 percent - 89 percent

42.2

90 percent - 100 percent

10.8

 

·  Response Rates

The response rates for the April 2009 MISSI and PPS are 88.8 percent and 94.9 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

April 2009

March 2009 
(revised)

MISSI

88.8

96.3r

PPS

94.9r

96.8r

 

                                                     r-revised

·  Technical Notes

Only the 2000 based series will be continued beginning the July 2008 issue.

Starting with the February 2008 issue, a revised industry disaggregation of the MISSI indices and PPI will be adopted to conform with the amended 1994 PSIC groupings.Rubber and Plastic Products is a new major sector, consisting of two subsectors, namely: Rubber Products and Plastic ProductsRubber Products was previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.

With previously seven (7) subsectors, the major sector of Chemical Products has now six (6) subsectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations, and Miscellaneous Chemicals.

The major sector of Machinery except Electrical has been split into two subsectors, namely: Machinery and Equipment, n.e.c. and Office, Accounting and Computing Machinery.

The corresponding weights of the above major sectors and sub-sectors have been recomputed to allow for the revised computation of the indices.

Thus, beginning the February 2008 issue, the VaPI, VoPI, VaNSI, VoNSI and the revised PPI for Total Manufacturing for all months of 2008 are computed based on the revised industry disaggregation.

Starting 2008, weights for the PPI and Capacity Utilization Rates are based from the results of the 2005 Annual Survey of Philippine Business and Industry for manufacturing establishments with average total employment 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
                                                                                                    Administrator


TABLE 1-A. VALUE OF PRODUCTION INDEX, March 2009 - April 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

April 2009

March 2009
(revised)

 

 

 

Tobacco Products

49.0

18.8

 

Electrical Machinery

2.8

6.1

 

Publishing and Printing

1.9

-13.2

 

 

 

 

Losers

Year-on-Year Growth (%)

April 2009

March 2009
(revised)

 

Petroleum Products

-40.1

-46.1

Food Manufacturing

-10.2

-9.0

Basic Metals

-31.7

-37.9

Transport Equipment

-29.0

-20.5

Chemical Products

-13.9

11.1

Machinery Except Electrical

-10.5

2.3

Footwear and Wearing Apparel

-23.4

-28.0

Paper and Paper Products

-26.7

-9.5

Rubber and Plastic Products*

-14.3

-4.2

Furniture and Fixtures

-40.4

-30.0

Miscellaneous Manufactures

-15.4

-14.6

Beverages

-4.9

-2.4

Non-Metallic Mineral Products

-6.2

26.3

Textiles

-9.5

2.7

Leather Products

-49.1

-51.7

Wood and Wood Products

-9.7

3.9

Fabricated Metal Products

-2.3

5.7

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, March 2009 - April 2009(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

April 2009

March 2009
(revised)

 

 

 

Petroleum Products

51.2

52.5

 

Tobacco Products

70.3

9.7

 

Basic Metals

7.6

-6.7

 

Food Manufacturing

1.1

7.3

 

Miscellaneous Manufactures

6.6

18.3

 

Footwear and Wearing Apparel

4.1

8.3

 

Publishing and Printing

9.1

-22.1

 

Fabricated Metal Products

2.1

0.3

 

 

 

 

Losers

Month-on-Month Growth (%)

April 2009

March 2009
(revised)

 

Chemical Products

-16.6

16.0

Machinery Except Electrical

-10.3

36.5

Transport Equipment

-12.6

-2.5

Non-Metallic Mineral Products

-15.5

19.0

Paper and Paper Products

-19.7

14.7

Electrical Machinery

-1.7

32.4

Rubber and Plastic Products*

-7.5

9.4

Textiles

-7.7

5.9

Beverages

-2.8

9.1

Furniture and Fixtures

-8.5

-23.2

Wood and Wood Products

-7.7

5.4

Leather Products

-9.9

17.9

 

Notes:

* - new sector in the 2000-based series.

Sectors are ranked according to their contribution to the overall 2000-based April 2009 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 2009 - April 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

April 2009

March 2009
(revised)

 

 

 

Tobacco Products

47.2

17.4

 

 

 

 

Losers

Year-on-Year Growth (%)

April 2009

March 2009
(revised)

 

Petroleum Products

-17.0

-25.0

Machinery Except Electrical

-18.9

-5.0

Food Manufacturing

-9.4

-9.3

Transport Equipment

-32.2

-22.6

Basic Metals

-26.5

-34.7

Footwear and Wearing Apparel

-31.6

-35.5

Chemical Products

-11.8

7.4

Beverages

-12.9

-11.6

Electrical Machinery

-3.0

4.0

Paper and Paper Products

-26.8

-11.5

Textiles

-23.1

-12.4

Non-Metallic Mineral Products

-12.7

19.7

Furniture and Fixtures

-42.6

-31.2

Miscellaneous Manufactures

-16.4

-19.9

Rubber and Plastic Products*

-6.8

3.9

Fabricated Metal Products

-9.1

-9.1

Leather Products

-53.7

-55.4

Wood and Wood Products

-10.3

3.2

Publishing and Printing

-3.8

-18.0

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, March 2009 - April 2009(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

April 2009

March 2009
(revised)

 

 

Petroleum Products

46.7

53.0

 

Tobacco Products

70.2

9.5

 

Basic Metals

7.7

-6.4

 

Food Manufacturing

0.8

8.6

 

Fabricated Metal Products

7.6

1.3

 

Publishing and Printing

9.1

-22.1

 

Footwear and Wearing Apparel

3.3

8.3

 

Miscellaneous Manufactures

4.5

17.2

 

 

 

Losers

Month-on-Month Growth (%)

 

April 2009 March 2009
(revised)

Machinery Except Electrical

-13.1

34.3

 

Chemical Products

-11.2

17.6

 

Transport Equipment

-13.0

-1.4

 

Non-Metallic Mineral Products

17.1

17.7

 

Paper and Paper Products

-18.7

22.2

 

Electrical Machinery

-1.9

31.0

 

Rubber and Plastic Products*

-7.9

12.0

 

Textiles

-7.7

6.0

 

Beverages

-2.8

10.8

 

Furniture and Fixtures

-9.2

-25.8

 

Wood and Wood Products

-7.7

5.6

 

Leather Products

-9.9

18.2

 

Notes

* - new sector in the 2000-based series

b/ - less than 0.1 percent decrease

Sectors are ranked according to their contribution to the overall 2000-based April 2009 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 INDEX, March 2009 - April 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

April 2009

March 2009
(revised)

 

 

 

Footwear and Wearing Apparel

14.9

-9.4

 

Publishing and Printing

3.6

18.4

 

Beverages

0.8

8.7

 

 

 

 

Losers

Year-on-Year Growth (%)

April 2009

March 2009
(revised)

 

Petroleum Products

-30.2

-46.7

Electrical Machinery

-17.5

-11.1

Basic Metals

-34.6

-36.8

Food Manufacturing

-4.9

-10.3

Textiles

-32.2

-19.0

Paper and Paper Products

-22.9

-8.1

Transport Equipment

-9.6

-1.2

Miscellaneous Manufactures

-17.9

-20.1

Furniture and Fixtures

-41.8

-40.1

Machinery Except Electrical

-3.1

11.1

Chemical Products

-3.1

2.9

Rubber and Plastic Products*

-11.7

0.1

Tobacco Products

-6.4

5.1

Wood and Wood Products

-19.1

-12.4

Leather Products

-40.0

-71.1

Non-Metallic Mineral Products

-1.5

35.5

Fabricated Metal Products

-1.7

3.4

 

 

TABLE 2-A. VALUE OF NET SALES INDEX, March 2009 - April 2009
(concluded)
(2000=100) 
 

 

Gainers

Month-on-Month Growth (%)

 

April 2009

March 2009
(revised)

 

 

 

Petroleum Products

7.7

10.0

 

Electrical Machinery

4.5

30.5

 

Food Manufacturing

1.6

6.5

 

Footwear and Wearing Apparel

8.3

14.5

 

Leather Products

94.9

-40.7

 

Basic Metals

4.1

1.7

 

Miscellaneous Manufactures

5.2

22.2

 

 

 

 

Losers

Month-on-Month Growth (%)

April 2009

March 2009
(revised)

 

Chemical Products

-8.1

10.7

Non-Metallic Mineral Products

-20.1

21.3

Beverages

-12.6

23.5

Transport Equipment

-9.4

51.7

Machinery Except Electrical

-2.6

36.1

Textiles

-10.4

11.3

Paper and Paper Products

-9.5

13.2

Rubber and Plastic Products*

-9.8

9.0

Furniture and Fixtures

-13.8

-3.8

Wood and Wood Products

-11.7

-2.1

Fabricated Metal Products

-3.9

16.6

Tobacco Products

-2.8

19.2

Publishing and Printing

-0.7

14.6

 

Note:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based April 2009 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 INDEX, March 2009 - April 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

April 2009

March 2009
(revised)

 

 

Footwear and Wearing Apparel

2.5

-18.8

 

 

 

Losers

Year-on-Year Growth (%)

 

April 2009 March 2009
(revised)

Electrical Machinery

-22.2

-12.8

 

Basic Metals

-29.6

-33.5

 

Machinery Except Electrical

-12.2

3.2

 

Textiles

-42.4

-30.9

 

Food Manufacturing

-4.1

-10.5

 

Transport Equipment

-13.6

-3.8

 

Paper and Paper Products

-23.0

-10.1

 

Miscellaneous Manufactures

-18.9

-25.0

 

Beverages

-7.7

-1.6

 

Petroleum Products

-3.3

-25.9

 

Furniture and Fixtures

-43.9

-41.1

 

Non-Metallic Mineral Products

-8.3

28.5

 

Tobacco Products

-7.6

3.9

 

Fabricated Metal Products

-8.6

-11.1

 

Wood and Wood Products

-19.7

-13.1

 

Leather Products

-45.5

-73.3

 

Chemical Products

-0.7

-0.5

 

Rubber and Plastic Products*

-3.9

8.7

 

Publishing and Printing

-2.1

11.8

 

 

TABLE 2-B. VOLUME OF NET SALES INDEX, March 2009 - April 2009
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

April 2009

March 2009
(revised)

 

 

 

Electrical Machinery

4.2

29.2

 

Petroleum Products

4.5

10.4

 

Food Manufacturing

1.4

7.8

 

Footwear and Wearing Apparel

7.5

-1.9

 

Leather Products

94.9

-40.6

 

Basic Metals

4.2

2.0

 

Miscellaneous Manufactures

3.2

21.1

 

Fabricated Metal Products

1.3

17.8

 

 

 

 

Losers

Month-on-Month Growth (%)

April 2009

March 2009
(revised)

 

Non-Metallic Mineral Products

-21.6

20.0

Beverages

-12.6

25.4

Machinery Except Electrical

-5.7

33.9

Transport Equipment

-9.8

53.5

Chemical Products

-2.2

12.2

Textiles

-10.4

11.4

Paper and Paper Products

-8.4

20.6

Rubber and Plastic Products*

-10.2

11.6

Furniture and Fixtures

-14.4

-7.0

Wood and Wood Products

-11.7

-1.9

Tobacco Products

-2.8

19.0

Publishing and Printing

-0.7

14.6

 

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based April 2009 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

 

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