•    Value of Production Index expands in April 2014

Value of Production Index (VaPI) for manufacturing grew by 12.9  percent  in April 2014 compared with a negative 1.5 percent in April 2013,   according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This is due to the strong performance of petroleum products which bounced back and posted a three-digit growth of 159.9 percent. Other sectors that significantly contributed to the positive performance of VAPI were: printing (96.8%), machinery except electrical (84.1%), tobacco products (77.8%), fabricated metal products (38.1%) and beverages (31.4%). Refer to Tables 1-A and 1.

•    Volume of Production Index increases in April 2014

Volume of Production Index (VoPI) posted an increment of 12.8 percent in April 2014 from 9.0 percent in April 2013. Petroleum products (128.7%) led the sectors that contributed to the performance of VoPI. Other major sectors that pulled-up the VoPI were the following: printing (96.8%), machinery except electrical (90.7%), tobacco products (78.2%), fabricated metal products (43.1%), beverages (30.7%) and furniture and fixtures (12.6%). Refer to Tables 1-B and 2.

•    Value of Net Sales Index manifests a single-digit growth in April 2014

Value of Net Sales Index (VaNSI), went up by 0.3 percent in April 2014 compared 12.2 percent in April 2013. Ten major sectors contributed to the increase with four sectors posting double-digit increments. These were the following:  printing (79.9%), fabricated metal products (68.8%), textiles (21.5%) and petroleum products (21.4%). Refer to Tables 2-A and 3.

•    Volume of Net Sales Index increases in April 2014

Volume of Net Sales Index (VoNSI) likewise gained a minimal 0.2 percent in April 2014 compared with 24.2 percent during the same period last year. Four out of nine major sectors that posted increments significantly pulled up VoNSI. These were: printing (79.9%), fabricated metal products (75.0%), textiles (18.7%) and furniture and fixtures (15.7%). Refer to Tables 2-B and 4.

•    Capacity Utilization in April 2014 is 83.4 percent

Average capacity utilization in April 2014 for total manufacturing stood at 83.4 percent. More than 50 percent or eleven of the 20 major industries operated at  80 percent and above capacity utilization rates. These are:

• petroleum products (88.7%)
• basic metals (87.6%)
• non-metallic mineral products (86.1%)
• machinery except electrical (85.0%)
• food manufacturing (84.5 %)
• electrical machinery (84.4%)
• chemical products (83.9%)
• paper and paper products (82.8%)
• rubber and plastic products (82.3%)
• wood and wood products (81.2%)
• publishing and printing (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was 24.1 percent in April 2014. About 56.7 percent of the establishments operated at 70% to 89% capacity while 19.2 percent of the establishments operated below 70% capacity. Refer to Table 6.

•    Response Rate

The response rates for the April 2014 MISSI and PPS are 87.0 percent and 91.1 percent, respectively.  Refer to Tables 7 and 8.

Data of non-responding samples were estimated based on previous records and other administrative reports of these establishments.  Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.