Monthly Integrated Survey of Selected Industries : April 2018

Reference Number: 

2018-091

Release Date: 

Tuesday, June 5, 2018

 

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

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based April 2018 growth rate.
    Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 

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

 

Notes:    Major Industries are ranked according to their contribution to the overall 2000-based April 2018 growth rate.
    Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 
TABLE 2-A  Value of Net Sales Index, March 2018 and April 2018

(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

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based April 2018 growth rate.
    Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

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

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based March 2018 growth rate.
    Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

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