Monthly Integrated Survey of Selected Industries : April 2017

Reference Number: 

2017-065

Release Date: 

Friday, June 9, 2017

 

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: April 2017 and April 2016
 

TOTAL MANUFACTURING

APRIL
2017
APRIL
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

3.7

6.1

       Volume    (VoPI)

5.9

10.1

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

5.1

2.1

       Volume     (VoNSI)

7.3

5.9

        Producer Price Index (2000=100)

- 2.0r

- 3.6

                                                   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.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: April 2017

Capacity Utilization

Percent Share

Below 50%

   4.1

50% - 59%

   4.9

60% - 69%

   10.3

70% - 79%

 23.4

80% - 89%

 33.5

 90% - 100%

 23.8

 

  • 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.

 

2009 PSIC CODE

INDUSTRY DESCRIPTION

C10

Food manufacturing *

C11

Beverages

C12

Tobacco products

C13

Textiles*

C14, C152

Footwear and wearing apparel

C151

Leather products

C16

Wood and wood products*

C17

Paper and paper products

C18

Printing

C19

Petroleum products*

C20,C21

Chemical products*

C22

Rubber and plastic products*

C23

Non-metallic mineral products*

C24

Basic metals*; 

C25,C3311

Fabricated metal products

C262,C275,C28,

C263,C268,C3312,C332

Machinery except electrical*

C261,C264,C27,

C29301,C3314,C332

Electrical machinery*

C29 except C29301,

C30,C3315

Transport equipment

C31

Furniture and fixtures

C265,C266,C267,C32, C3313,C3319

Miscellaneous manufactures

Note:  * - Major industries categorized  into sub-industries

 

  • 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.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

April 2017

March 2017
(Revised)

MISSI

78.9

91.3 r

PPS

83.4r

86.8r

 

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.

  

 

FOR THE NATIONAL STATISTICIAN:
 
 
JOSIE B. PEREZ
Assistant Secretary
(Deputy National Statistician, CTCO)
Officer-in-Charge
 
 
 
 

______________________________________________________________________________________________________________

 

 

TABLE 1-A Value of Production Index, March 2017 and April 2017
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Petroleum products

78.1

94.8

Basic metals

34.4

9.6

Food manufacturing

8.7

18.5

Transport equipment

21.7

55.4

Footwear and wearing apparel

24.5

63.9

Tobacco products

11.4

-20.8

Furniture and fixtures

27.7

-28.2

Fabricated metal products

11.2

14.7

Printing

12.2

9.3

Wood and wood products

2.2

-23.3

 

Losers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Chemical products

-35.4

-15.1

Machinery except electrical

-10.1

5.0

Electrical machinery

-3.6

-6.2

Rubber and plastic products

-21.2

-10.5

Textiles

-27.1

-38.0

Miscellaneous manufactures

-16.2

12.9

Beverages

-1.5

2.7

Paper and paper products

-2.1

0.9

Non-metallic mineral products

-1.1

10.1

Leather products

-1.8

16.8

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based April 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 1-B  Volume of Production Index, March 2017 and April 2017
(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Petroleum products

51.7

61.8

Food manufacturing

11.0

18.3

Fabricated metal products

95.6

91.3

Basic metals

28.5

4.0

Transport equipment

23.8

56.8

Footwear and wearing apparel

21.8

61.8

Furniture and fixtures

76.9

-10.9

Tobacco products

10.0

-20.4

Printing

8.9

6.0

Leather products

7.3

33.9

Paper and paper products

36.5

40.6

Non-metallic mineral products

5.5

17.6

Wood and wood products

1.7

-23.2

 

Losers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Chemical products

-33.5

-13.4

Machinery except electrical

-10.2

4.0

Electrical machinery

-3.7

-4.6

Miscellaneous manufactures

-22.8

2.8

Textiles

-23.8

-35.1

Rubber and plastic products

-14.6

-3.4

Beverages

-1.7

0.8

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based April 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-A  Value of Net Sales Index, March and April 2017
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Electrical machinery

26.7

22.6

Transport equipment

45.8

101.1

Basic metals

35.9

66.7

Petroleum products

9.4

27.0

Textiles

33.8

34.9

Paper and paper products

32.0

42.6

Machinery except electrical

6.1

111.3

Food manufacturing

3.1

11.7

Furniture and fixtures

27.2

-0.8

Printing

17.6

66.9

Fabricated metal products

9.9

16.1

Rubber and plastic products

7.0

11.7

Leather products

27.8

-0.6

 

Losers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Chemical products

-27.9

-3.6

Footwear and wearing apparel

-24.6

-3.5

Non-metallic mineral products

-15.0

1.4

Tobacco products

-11.0

3.9

Miscellaneous manufactures

-10.9

18.3

Wood and wood products

-12.7

16.3

Beverages

-1.0

-17.2

 

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based April 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-B  Volume of Net Sales Index, March and April 2017
(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Electrical machinery

27.5

25.6

Transport equipment

45.0

98.3

Fabricated metal products

93.4

93.6

Basic metals

29.6

57.7

Machinery except electrical

8.7

114.4

Textiles

39.4

40.7

Furniture and fixtures

82.2

27.2

Paper and paper products

32.8

41.3

Food manufacturing

3.0

9.0

Printing

14.1

61.8

Rubber and plastic products

13.3

17.7

Leather products

40.8

14.2

Beverages

0.4

-17.4

 

Losers

Year-on-Year Growth (%)

April 2017
March 2017
(revised)

Chemical products

-26.7

-2.9

Footwear and wearing apparel

-26.6

-5.2

Petroleum products

-6.0

6.4

Miscellaneous manufactures

-13.6

13.4

Non-metallic mineral products

-8.4

9.5

Tobacco products

-12.5

4.0

Wood and wood products

-13.1

16.5

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based April 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

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