Table A Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: April 2018 and April 2017 |
||
---|---|---|
TOTAL MANUFACTURING |
APRIL 2018 |
APRIL 2017 |
Production Index (2000=100) |
|
|
Value (VaPI) |
31.7 |
-1.6 |
Volume (VoPI) |
31.1 |
0.1 |
Net Sales Index (2000=100) |
|
|
Value (VaNSI) |
17.6 |
0.5 |
Volume (VoNSI) |
17.1 |
20.6 |
Producer Price Index (2000=100) |
0.4r |
-1.7 |
r - revised
- Value of Production Index rebounds in April 2018
The Value of Production Index (VaPI) for manufacturing gained as it posted a two-digit increment of 31.7 percent in April 2018, from a negative growth rate of 1.6 percent in the same month of the previous year, based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was accounted for by the three-digit growth in VaPI which was observed for printing (166.7%) and petroleum products (104.9%). Other major sectors that significantly contributed to the increase were the following: tobacco products (65.0%), beverages (47.2%), miscellaneous manufactures (39.0%), machinery except electrical (38.1%), textiles (33.4%), food manufacturing (29.6%), electrical machinery (29.6%), non-metallic mineral products (29.2%) and chemical products (20.9%). Refer to Tables1-A and 1.
- Volume of Production Index picks up
The Volume of Production Index (VoPI) significantly rose to 31.1 percent in April 2018 compared with a minimal annual growth of 0.1 percent during the same month of the previous year. This was attributed to the significant expansion made by printing which surged by 182.8 percent. Other major sectors that recorded two-digit growth were petroleum products (79.2%), miscellaneous manufactures (34.5%), machinery except electrical (34.0%), textiles (32.1%), beverages (31.7%), food manufacturing (31.4%), electrical machinery (26.8%), non-metallic mineral products (24.6%), chemical products (23.4%), leather products (22.2%), rubber and plastic products (21.0%), fabricated metal products (12.9%), wood and wood products (11.7%) and tobacco products (10.0%). Refer to Tables 1-B and 2.
- Value of Net Sales Index exhibits a two-digit growth
The Value of Net Sales Index (VaNSI) stepped up as it posted a two-digit year-on-year increase of 17.6 percent in April 2018. Among the 17 major sectors reporting increments in VaNSI, 12 major sectors significantly contributed to the increases, namely: tobacco products (42.7%), petroleum products (37.0%), printing (32.0%), beverages (27.9%), basic metals (24.1%), non-metallic mineral products (20.1%), paper and paper products(19.5%), machinery except electrical (18.1%), miscellaneous manufactures (16.4%), electrical machinery (16.3%), food manufacturing (14.5%) and rubber and plastic products (13.2%). Refer toTables 2-A and 3.
- Volume of Net Sales Index expands
The Volume of Net Sales Index (VoNSI) likewise increased, posting a two-digit growth of 17.1 percent in April 2018. The increase was brought about by the expansion in VoNSI for 17 major sectors, with two-digit growth observed in 12 major sectors, namely: printing (40.0%), rubber and plastic products (33.4%), basic metals (19.2%), petroleum products (18.9%), food manufacturing (18.7%), paper and paper products (18.4%), fabricated metal products (15.8%), non-metallic mineral products (14.5%), electrical machinery (13.0%), chemical products (12.8%), beverages (12.7%) and machinery except electrical (11.8%). Refer to Tables 2-B and 4.
Average Capacity Utilization Rate in April 2018 is 84.3 percent with petroleum products posting the highest among industries
Average capacity utilization rate in April 2018 for total manufacturing was recorded at 84.3 percent. Sixty percent or 12 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:
- petroleum products (89.7%)
- basic metals (88.9%)
- non-metallic mineral products (86.8%)
- machinery except electrical (86.0%)
- food manufacturing (85.5%)
- chemical products (85.2%)
- electrical machinery (85.0%)
- paper and paper products (83.5%)
- rubber and plastic products (83.3%)
- printing (81.7%)
- wood and wood products (81.4%)
- textiles (80.7%)
The proportion of establishments that operated at full capacity (90% to 100%) was recorded at more than one-fourth of the total number of establishments (28.3%) in April 2018. About 53.3 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.4%) 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 2018 |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50% |
3.4 |
50% - 59% |
4.5 |
60% - 69% |
10.5 |
70% - 79% |
20.1 |
80% - 89% |
33.2 |
90% - 100% |
28.3 |
Response Rate
The response rates for the April 2018 MISSI and PPS were registered at 80.7 percent and 87.5 percent, respectively. Refer to Tables 7 and 8.
Table C Response Rates for Total Manufacturing (In percent) |
||
---|---|---|
|
April 2018 |
March 2018
(Revised)
|
MISSI |
80.7 |
89.8r |
PPS |
87.5r |
91.7r |
r - revised
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:
ROMEO S. RECIDE
Assistant Secretary
(Deputy National Statistician)
Officer-in-Charge
TABLE 1-A Value of Production Index, March 2018 and April 2018
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
April 2018 |
March 2018
(revised)
|
|
Gainers |
|
|
Petroleum products |
104.9 |
21.4 |
Electrical machinery |
29.6 |
15.2 |
Food manufacturing |
29.6 |
27.3 |
Machinery except electrical |
38.1 |
10.2 |
Beverages |
47.2 |
29.5 |
Printing |
166.7 |
99.8 |
Chemical products |
20.9 |
-5.4 |
Tobacco products |
65.0 |
14.3 |
Non-metallic mineral products |
29.2 |
15.9 |
Miscellaneous manufactures |
39.0 |
18.5 |
Textiles |
33.4 |
32.6 |
Paper and paper products |
9.7 |
6.4 |
Rubber and plastic products |
5.1 |
-10.1 |
Transport equipment |
2.1 |
-12.2 |
Fabricated metal products |
3.8 |
-9.2 |
Wood and wood products |
6.9 |
16.7 |
Leather products |
4.0 |
-12.2 |
Losers |
|
|
Footwear and wearing apparel |
-15.3 |
-8.2 |
Furniture and fixtures |
-20.6 |
-6.0 |
Basic metals |
-1.8 |
-1.0 |
TABLE 1-B Volume of Production Index, March 2018 and April 2018
(2000 = 100)
Industry Group |
Year-on-Year Growth (%) |
||||
April 2018 |
March 2018
(revised)
|
||||
Gainers |
|
|
|||
Petroleum products |
79.2 |
11.6 |
|||
Food manufacturing |
31.4 |
30.1 |
|||
Electrical machinery |
26.8 |
12.9 |
|||
Machinery except electrical |
34.0 |
8.5 |
|||
Printing |
182.8 |
111.3 |
|||
Chemical products |
23.4 |
-3.1 |
|||
Beverages |
31.7 |
15.8 |
|||
Non-metallic mineral products |
24.6 |
11.4 |
|||
Miscellaneous manufactures |
34.5 |
16.0 |
|||
Textiles |
32.1 |
31.2 |
|||
Rubber and plastic products |
21.0 |
3.0 |
|||
Tobacco products |
10.0 |
-25.6 |
|||
Fabricated metal products |
12.9 |
3.1 |
|||
Paper and paper products |
6.1 |
4.1 |
|||
Wood and wood products |
11.7 |
21.8 |
|||
Leather products |
22.2 |
5.1 |
|||
Transport equipment |
0.7 |
-12.5 |
|||
Losers |
|
|
|||
Footwear and wearing apparel |
-12.7 |
-4.8 |
|||
Basic metals |
-5.9 |
-3.8 |
|||
Furniture and fixtures |
-22.3 |
-4.0 |
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
April 2018 |
March 2018
(revised)
|
|
Gainers |
|
|
Petroleum products |
37.0 |
22.6 |
Electrical machinery |
16.3 |
0.9 |
Food manufacturing |
14.5 |
4.4 |
Machinery except electrical |
18.1 |
2.5 |
Beverages |
27.9 |
15.9 |
Basic metals |
24.1 |
6.8 |
Tobacco products |
42.7 |
34.5 |
Chemical products |
9.2 |
2.0 |
Non-metallic mineral products |
20.1 |
6.0 |
Printing |
32.0 |
3.7 |
Paper and paper products |
19.5 |
8.7 |
Miscellaneous manufactures |
16.4 |
11.6 |
Transport equipment |
6.3 |
-3.4 |
Rubber and plastic products |
13.2 |
-0.6 |
Fabricated metal products |
6.5 |
-4.4 |
Footwear and wearing apparel |
2.1 |
-2.8 |
Wood and wood products |
0.9 |
-5.7 |
Losers |
|
|
Textiles |
-28.8 |
-19.7 |
Furniture and fixtures |
-10.7 |
-10.7 |
Leather products |
-13.4 |
120.8 |
TABLE 2-B Volume of Net Sales Index, February 2018 and March 2018
(2000 = 100)
Industry Group |
Year-on-Year Growth (%) |
|
April 2018 |
March 2018
(revised)
|
|
Gainers |
|
|
Food manufacturing |
18.7 |
9.1 |
Electrical machinery |
13.0 |
-1.8 |
Petroleum products |
18.9 |
11.8 |
Chemical products |
12.8 |
5.6 |
Machinery except electrical |
11.8 |
-1.6 |
Basic metals |
19.2 |
4.1 |
Beverages |
12.7 |
2.1 |
Printing |
40.0 |
9.6 |
Non-metallic mineral products |
14.5 |
0.7 |
Rubber and plastic products |
33.4 |
16.5 |
Paper and paper products |
18.4 |
8.9 |
Transport equipment |
7.3 |
-1.6 |
Fabricated metal products |
15.8 |
8.6 |
Footwear and wearing apparel |
5.7 |
1.3 |
Miscellaneous manufactures |
7.1 |
3.8 |
Wood and wood products |
4.8 |
-2.2 |
Leather products |
1.3 |
163.9 |
Losers |
|
|
Textiles |
-29.2 |
-20.2 |
Furniture and fixtures |
-15.5 |
-11.9 |
Tobacco products |
-4.6 |
-12.1 |