Monthly Integrated Survey of Selected Industries : August 1999

Reference Number: 

1999-057

Release Date: 

Tuesday, October 26, 1999

 

Values of production and net sales for total manufacturing increased in August 1999 by 20.6 percent and 1.4 percent, respectively compared to a year ago according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).

Transport equipment, petroleum products and miscellaneous manufactures posted increases in both production and sales. Increase in production of petroleum products was triggered by continued rising of oil prices. On the other hand, food manufacturing, beverage, tobacco, textile, wearing apparel, wood & wood products, paper & paper products and basic metals registered decreases in both production and sales. Existing capacity for these sectors continued to operate at lower levels.

 
Value of Production

In August 1999, the value of production index (VaPI) of 557.6 increased by 20.6 percent from 462.5 in August 1998. Year-on-year increases were observed in 6 out of 16 major sectors (See Annex 1A). Electrical machinery posted the highest year-on-year VaPI increase of 61.1 percent. This can be attributed to the hefty increase of 64.7 percent in the production of microcircuits. Other sectors that posted increases were transport equipment (30.9%), petroleum products (5.6%), rubber products (6.1%), furniture & fixtures (2.2%) and miscellaneous manufactures (1.5%). On the other hand, basic metals continued to decline since the fourth quarter of 1998. In August 1999, it posted the biggest decrease of 40.3 percent. Other sectors that posted double-digit decreases were: wood & wood products (-30.2%), textile (-19.1%), chemicals (-10.0%), wearing apparel (-11.6%), non-metallic mineral products (-17.5%) and beverage (-11.5%).

 
Volume of Production

The volume of production index (VoPI) increased by 14.3 percent to 156.5 from 136.9 last year. Three out of 16 sectors posted year-on-year increases led by electrical machinery, which increased by 67.4 percent (See Annex 1B). Other sectors that contributed to the increase of the overall VoPI were transport equipment (22.0%) and other manufacturing industries (3.8%).

 
Value of Net Sales

The value of net sales for August 1999 increased by 1.4 percent compared to last year. Five out of 16 sectors posted increases led by petroleum products which increased by 15.6 percent (See Annex 2A). Other sectors that recorded increases were non-metallic mineral products (80.7%), chemicals (16.6%), transport equipment (29.4%) and miscellaneous manufactures (61.0%). On the other hand, basic metals posted the biggest decline of 35.6 percent. Other sectors that posted double-digit decreases were textile (-22.6%), wood & wood products (-16.3%), rubber products (-16.4%)and tobacco (-17.4%).

 
Volume of Net Sales

The volume of net sales for August 1999 posted a decrease of 4.8 percent over last year. Decreases were observed in twelve sectors led by basic metals, which declined by 28.2 percent (See Annex 2B). The other sectors with double-digit decreases were textile (-25.9%), paper & paper products (-27.8%), wood & wood products (-14.9%), beverages (-23.6%), rubber products (-29.0%) and tobacco (-15.6%).

 
Capacity Utilization

Responding establishments operating below 70% capacity were 45.7 percent in August 1999 compared to 40.3 percent a year ago. About 13.1 percent operated at full capacity (90%-100%) compared to 16.6 percent in August 1998.

The following sectors that had decreased use of existing capacity in August 1999 were beverage, tobacco, textile, wood & wood products, paper & paper products, chemicals, rubber products, non-metallic mineral products, basic metals and electrical machinery. On the other hand, only miscellaneous manufactures showed indications of increasing capacity utilization. Capacity utilization is defined as the ratio of output to the maximum rated capacity of the plant.

 
Response Rate

The results are based on the responses of 440 establishments, which comprise 79.6 percent of the total samples in the survey.

 

ANNEX 1-A

VALUE OF PRODUCTION INDEX (AUGUST 1999)
YEAR-ON-YEAR GROWTH (%)
AUGUST JULYr
GAINERS
Electrical Machinery
Transport Equipment
Petroleum Products
Rubber Products
Furniture & Fixtures
Miscellaneous Manufactures
 
61.1
30.9
5.6
6.1
2.2
1.5
 
5.9
30.2
7.5
50.6
-8.8
1.7
LOSERS
Basic Metals
Wood & Wood Products
Textile
Chemicals
Food Manufacturing
Wearing Apparel
Non-Metallic Mineral Prods.
Beverage
Paper & Paper Products
Tobacco
 
-40.3
-30.2
-19.1
-10.0
-3.8
-11.6
-17.5
-11.5
-6.1
-2.1
 
-47.1
-14.2
-4.3
-7.2
-2.8
-14.5
-17.7
8.6
-3.2
-0.1
 
MONTH-ON-MONTH
 
   
GAINERS
Electrical Machinery
Paper & Paper Products
 
54.9
1.3
 
5.9
9.4
LOSERS
Petroleum Products
Food Manufacturing
Chemicals
Basic Metals
Wood & Wood Products
Beverage
Textile
Non-Metallic Mineral Prods.
Rubber Products
Wearing Apparel
Transport Equipment
Miscellaneous Manufactures
Tobacco
Furniture & Fixtures
 
-12.8
-5.4
-11.8
-14.2
-21.5
-18.4
-5.5
-6.9
-12.9
-3.1
-0.5
-4.1
-7.0
-2.1
 
2.8
-12.9
-7.0
22.5
-14.2
-8.8
7.0
-2.6
3.6
-6.1
16.1
-2.9
-2.5
8.8

r - revised due to updating of data from late responding establishments.
Note: Sectors are ranked according to their contribution to the overall AUGUST 1999 growth rate.

 

ANNEX 1-B

VOLUME OF PRODUCTION INDEX (AUGUST 1999)
YEAR-ON-YEAR GROWTH (%)
AUGUST JULYr
GAINERS
Electrical Machinery
Transport Equipment
Other Mfg. Industries
 
67.4
22.0
3.8
 
9.0
24.1
2.4
LOSERS
Petroleum Products
Basic Metals
Chemicals/Plastic & Plastic Prods.
Textile
Non-Metallic Mineral Prods.
Wood & Wood Products
Paper & Paper Products
Wearing Apparel
Food Manufacturing
Beverage
Rubber Products
Furniture & Fixtures
 
-13.4
-33.1
-15.3
-22.6
-32.2
-29.1
-26.5
-9.6
-3.0
-25.1
-9.9
-0.7
 
-6.1
-41.4
-12.0
-6.2
-30.6
-12.7
-20.1
-18.4
-2.4
-8.8
28.1
-11.3
 
MONTH-ON-MONTH
 
   
GAINERS
Electrical Machinery
Paper & Paper Products
 
55.2
0.6
 
-11.7
2.2
LOSERS
Petroleum Products
Basic Metals
Chemicals/Plastic & Plastic Prods.
Food Manufacturing
Wood & Wood Products
Beverage
Textile
Rubber Products
Wearing Apparel
Non-Metallic Mineral Prods.
Transport Equipment
Other Mfg. Industries
Tobacco
Furniture & Fixtures
 
-18.1
-17.2
-12.3
-5.0
-21.5
-18.4
-6.5
-12.9
-2.9
-6.7
-0.5
-4.4
-7.0
-2.1
 
0.5
20.6
-5.7
-12.5
-12.7
-9.3
8.3
4.5
-6.3
4.5
14.7
-2.5
-2.6
8.8

r - revised due to updating of data from late responding establishments.
Note: Sectors are ranked according to their contribution to the overall AUGUST 1999 growth rate.

 

ANNEX 2-A

NET SALES VALUE (AUGUST 1999)
YEAR-ON-YEAR GROWTH (%)
AUGUST JULYr
GAINERS
Petroleum Products
Non-Metallic Mineral Products
Chemicals
Transport Equipment
Miscellaneous Manufactures
 
15.6
80.7
16.6
29.4
61.0
 
20.9
-2.2
14.1
40.7
-5.6
LOSERS
Basic Metals
Food Manufacturing
Textile
Electrical Machinery
Wood & Wood Products
Paper & Paper Products
Rubber Products
Wearing Apparel
Beverage
Tobacco
Furniture & Fixtures
 
-35.6
-6.9
-22.6
-7.5
-16.3
-7.8
-16.4
-3.5
-9.7
-17.4
-4.2
 
-31.2
-7.6
-5.2
15.9
1.4
-35.0
25.4
-9.4
-5.7
-16.4
-8.3
 
MONTH-ON-MONTH
 
   
GAINERS
Food Manufacturing
Wearing Apparel
Basic Metals
Electrical Machinery
Furniture & Fixtures
 
7.4
11.9
4.2
1.6
4.3
 
-5.7
-2.6
16.3
-6.2
4.2
LOSERS
Petroleum Products
Wood & Wood Products
Rubber Products
Non-Metallic Mineral Products
Transport Equipment
Chemicals
Textile
Beverages
Paper & Paper Products
Miscellaneous Manufactures
Tobacco
 
-11.7
-17.4
-38.6
-15.6
-12.4
-5.0
-4.8
-2.3
-0.9
-7.3
-0.4
 
17.7
-7.1
13.7
3.5
18.4
-5.1
-1.9
-17.0
-4.4
0.9
-4.0

Note: Sectors are ranked according to their contribution to the overall AUGUST 1999 growth rate.

 

ANNEX 2-B

NET SALES VOLUME (AUGUST 1999)
YEAR-ON-YEAR GROWTH (%)
AUGUST JULY
GAINERS
Non-Metallic Mineral Products
Chemicals
Transport Equipment
Miscellaneous Manufactures
 
56.5
9.7
20.6
64.5
 
-15.4
7.7
34.2
-5.0
LOSERS
Basic Metals
Textile
Food Manufacturing
Paper & Paper Products
Petroleum Products
Wood & Wood Products
Beverages
Rubber Products
Electrical Machinery
Wearing Apparel
Furniture & Fixtures
Tobacco
 
-28.2
-25.9
-6.1
-27.9
-5.2
-14.9
-23.6
-29.0
-3.9
-1.3
-6.8
-15.6
 
-22.7
-8.3
-7.1
-35.7
-15.4
3.1
-20.8
6.6
16.7
-13.5
-10.8
-14.6
 
MONTH-ON-MONTH
 
   
GAINERS
Food Manufacturing
Wearing Apparel
Basic Metals
Electrical Machinery
Furniture & Fixtures
 
7.9
12.1
3.2
1.8
4.3
 
-5.4
-2.7
15.6
-6.2
4.2
LOSERS
Petroleum Products
Wood & Wood Products
Rubber Products
Non-Metallic Mineral Products
Transport Equipment
Chemicals
Textile
Paper & Paper Products
Beverages
Miscellaneous Manufactures
Tobacco
 
-17.0
-17.4
-38.6
-15.6
-12.4
-5.5
-5.8
-1.6
-2.3
-7.6
-0.4
 
3.5
-7.1
14.7
3.5
17.0
-4.3
-1.9
-2.6
-17.5
1.3
-4.1

Note: Sectors are ranked according to their contribution to the overall AUGUST 1999 growth rate.

 

Distribution of Key Enterprise by Capacity Utilization
(In percent)

Capacity
  Utilization  
1998 1999
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG

 Below 50 % 

50 - 59 %

60 - 69 %

70 - 79 %

80 - 89 %

90 - 100 %

11.8

11.3

17.2

20.5

22.7

16.6

11.8

11.4

16.8

22.3

20.9

16.8

12.3

12.3

17.1

20.2

20.9

17.3

13.1

10.5

15.5

21.0

21.8

18.1

12.5

12.5

15.9

20.3

23.5

15.4

12.3

12.3

15.3

21.9

21.6

16.8

13.8

11.6

16.4

22.6

22.0

13.5

14.3

10.6

14.3

22.1

22.6

16.0

14.4

10.6

17.1

22.6

20.6

14.7

12.8

10.8

14.8

22.8

22.5

16.2

22.5

9.0

13.3

19.0

21.0

15.3

21.6

8.8

13.3

19.9

20.6

15.7

23.0

10.1

12.6

22.0

19.3

13.1


 

Percentage Changes in Production and Net Sales of
Key Enterprises: August 1998 - August 1999

ITEM AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG

Year-on-Year Change
Production
  Value 
  Volume 
Net Sales 
  Value
  Volume
 
-6.8r
-16.1r
  
-12.8
-23.3
 
-1.2r
-10.6r
  
-5.1
-16.0
 
-8.4r
-16.5r
  
-21.7
-15.0
 
-18.2r
-25.1r
  
-10.7
-16.1
 
-9.0r
-14.4r
  
-5.2
-6.0
 
-4.3r
-5.7r
  
-12.2
-19.0
 
-0.9r
-1.8r
  
-11.1
-13.8
 
8.8r
5.8r
  
-1.7
-4.9
 
8.8r
5.1r
  
2.1
1.4
 
8.3r
4.9r
  
-1.3
-4.4
 
2.6r
-1.3r
  
2.0
-3.0
 
1.7r
-2.4r
  
3.1
-5.8
 
20.6
14.3
  
1.4
-4.8
 
Month-on-Month Change
Production
  Value 
  Volume 
Net Sales 
  Value
  Volume
 
-3.8r
-3.6r
  
-12.5
-11.3
 
5.4r
4.8r
  
4.1
2.5
 
-5.0r
-5.3r
  
5.6
-1.1
 
-2.4r
-3.1r
  
1.7
0.5
 
-5.8r
-4.6r
  
1.9
1.5
 
4.6r
4.7r
  
-2.7
-10.2
 
7.7r
7.0r
  
31.3
33.9
 
11.2r
10.9r
  
8.0
2.9
 
-12.0r
-13.0r
  
-6.6
-3.9
 
4.7r
4.3r
  
7.0
6.4
 
4.0r
2.9r
  
3.7
0.6
 
-4.4
-4.6
  
2.5
-0.3
 
14.1r
12.9r
  
-2.8
-3.9

r - revised due to updating of data from late responding establishments.

 


Source: National Statistics Office
Manila, Philippines

Attachment: 

Tags: