r - revised

• Value of Production Index sustains positive growth in April 2017

Value of Production Index (VaPI ) for manufacturing posted a slower annual increment of 3.7 percent in April 2017 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Among the 10 major sectors exhibiting increases in VaPI, eight sectors significantly contributed to the growth, namely: petroleum products (78.1%), basic metals (34.4%), furniture and fixtures (27.7%), footwear and wearing apparel (24.5%), transport equipment (21.7%), printing (12.2%), tobacco products (11.4%) and fabricated metal products (11.2%).  Refer to Tables 1-A and 1.

• Volume of Production Index also increases at a slower rate

Volume of Production Index (VoPI) reflected a year-on-year growth of 5.9 percent from a two-digit growth of 10.1 percent in March 2017. Thirteen of the 20 major sectors contributed to the growth in VoPI with significant increases observed in the following: fabricated metal products (95.6%), furniture and fixtures (76.9%), petroleum products (51.7%), paper and paper products (36.5%), basic metals (28.5%), transport equipment (23.8%), footwear and wearing apparel (21.8%), food manufacturing (11.0%) and tobacco products (10.0%). Refer to Tables 1-B and 2.

• Value of Net Sales Index gains

Value of Net Sales Index (VaNSI) grew in April 2017 as it recorded an increase of 5.1 percent from 2.1 percent during the same month of the previous year. Eight major sectors exhibited double-digit increases in VaNSI led by transport equipment (45.8%) followed by basic metals, (35.9%), textiles (33.8%), paper and paper products (32.0%), leather products (27.8%), furniture and fixtures (27.2%), electrical machinery (26.7%) and printing (17.6%). Refer to Tables 2-A and 3.

• Volume of Net Sales Index liksewise accelerates

Volume of Net Sales Index (VoNSI) continued to gain as it posted a year-on-year growth of 7.3 percent in April 2017. The major contributing factor was the increase in VoNSI exhibited by 10 major sectors, with significant expansion observed in fabricated metal products (93.4%), furniture and fixtures (82.2%), transport equipment (45.0%), leather products (40.8%), textiles (39.4%), paper and paper products (32.8%), basic metals (29.6%), electrical machinery (27.5%), printing (14.1%) and rubber and plastic products (13.3%). Refer to Tables 2-B and 4.

• Average Capacity Utilization Rate in April 2017 is 83.7 percent with petroleum and basic metals posting the highest among industries

Average capacity utilization rate rate in April 2017 for total manufacturing was recorded at  83.7 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

• petroleum products (88.7%)
• basic metals (88.7%)
• non-metallic mineral products (86.5%)
• machinery except electrical (85.3%)
• food manufacturing (85.0%)
• electrical machinery (84.5%)
• chemical products (83.8%)
• paper and paper products (83.5%)
• rubber and plastic products (82.9%)
• wood and wood products (81.3%)
• printing (80.2%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded almost one-fourth of the total number of establishments (23.8%) in April 2017. Around 57 percent of the total establishments operated at 70 percent to 89 percent capacity while 19.3 percent of the total establishments operated below 70 percent capacity. Refer to Table B and 6.

• Industry Coverage

The 2017 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2017 MISSI. These are presented in the table below.

• Response Rate         

The response rates for the April 2017 MISSI and PPS were registered at 78.9 and 83.4 percent, respectively.  Refer to Tables 7 and 8.

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.

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