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.

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.

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)