• Value of Production posts positive growth in August 2011

   

Value of Production Index (VaPI) for total manufacturing increased at a slower pace in August 2011 as it posted a growth of 2.6 percent, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This maybe attributed to the lower production values of basic metals. However, nine of 13 major sectors reported two-digit increases in production values, namely: furniture and fixtures, petroleum products, rubber and plastic products, beverages, miscellaneous manufactures, paper and paper products, chemical products, publishing and printing and leather products. Refer to Tables 1-A and 1.

However, VaPI on a monthly comparison posted a decrement of less than one percent (0.2%) in August 2011 from the previous month growth of 2.0 percent. The three major sectors that mainly influenced the decrease in production values were publishing and printing, furniture and fixtures and basic metals. Refer to Tables 1-A and 1.

• Volume of Production increases in August 2011

   

On a year-on-year basis, Volume of Production Index (VoPI) registered a slower growth of 2.1 percent in August 2011. This was accounted mainly by the slower in production output of the footwear and wearing apparel industry. However, eight major sectors contributed to the increases in volume of production, namely: furniture and fixtures, miscellaneous manufactures, beverages, paper and paper products, rubber and plastic products, chemical products, publishing and printing and leather products. Refer to Tables 1-B and 2.

On a month-on-month basis, VoPI posted an increment of less than one percent (0.1%) in August 2011. Nine major sectors contributed to the growth led by miscellaneous manufactures (25.9%). Refer to Tables 1-B and 2.

• Value of Net Sales shows positive growth in August 2011

   

  Value of Net Sales Index (VaNSI), on a year-on-year basis registered at a slower rate of 9.6 percent in August 2011. This was attributed mainly to the lower sales of non-metallic mineral products industry. However, twelve major sectors reported increases in net sales value, with two-digit increase in the following: basic metals, petroleum products, food manufacturing, rubber and plastic products, footwear and wearing apparel, beverages, paper and paper products and leather products. Refer to Tables 2-A and 3.

  On a month-on-month basis, on the other hand, VaNSI dropped as it posted a decrement of 4.2 percent in August 2011. Significant contributors to the decline were registered in the following major sectors: publishing and printing, textiles and furniture and fixtures. Refer to Tables 2-A and 3.

   

  • Volume of Net Sales also increases

   

  Volume of Net Sales Index (VoNSI) in August 2011 recorded a year-on-year growth of 9.1 percent. Twelve major sectors reported increases in sales volume, with better sales output observed in the following: furniture and fixtures, miscellaneous manufactures, paper and paper products, beverages, food manufacturing, footwear and wearing apparel, basic metals, rubber and plastic products, and non-metallic mineral products. Refer to Tables 2-B and 4.

  On the other hand, VoNSI reflected a month-on-month decline of 3.8 percent, from a positive 3.4 percent in July 2011. Thirteen major sectors reported output reduction in sales, with two-digit decreases in publishing and printing, textiles and furniture and fixtures. Refer to Tables 2-B and 4.

  

  • Capacity Utilization

     

    Average capacity utilization in August 2011 for total manufacturing stood at 83.3 percent. Eleven of the 20 major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, petroleum products, food manufacturing, electrical machinery, non-metallic mineral products, miscellaneous manufactures, chemical products, paper and paper products, rubber and plastic products, machinery except electrical and textiles. Refer to Table 6.

    The proportion of establishments that operated at full capacity (90% to 100%) was 15.5 percent in August 2011. About 61.1 percent of the establishments operated at 70% to 89% capacity while 23.4 percent of the establishments operated below 70% capacity.

     

    Distribution of Key Manufacturing Establishments by Capacity Utilization
    Total Manufacturing, August 2011
    (In percent)

    Capacity Utilization	Percent Share
    Below 50 percent	5.0
    50 percent - 59 percent	7.5
    60 percent - 69 percent	10.9
    70 percent - 79 percent	19.5
    80 percent - 89 percent	41.6
    90 percent - 100 percent	15.5

     

    • Response Rates

      The response rates for the August 2011 MISSI and PPS are 80.3 percent and 95.3 percent, respectively. Refer to Tables 7 and 8

     

    Response Rates for Total Manufacturing
    (In percent)

    	August 2011	July 2011 (revised)
    MISSI	80.3	91.6r
    PPS	95.3r	95.9r

     
                                                  r-revised

     

    • Technical Notes

      The Monthly Integrated of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office to provide flash indicators on the performance of growth-oriented industries in the manufacturing sector. The survey gathers monthly data on employment, compensation, production, net sales, inventories and capacity utilization.

      The MISSI utilizes the Laspeyres-type method of index computation where the weights are computed from the value of production of the Census of Philippine Business and Industry (CPBI). Rebasing of data series is undertaken as soon as new CPBI are available.

      For the 2010 MISSI index series with base year of 2000, the weights of the major sectors and sub-sectors were computed from the results of the 2000 CPBI for manufacturing establishments with average total employment of 20 and over.

      The indicators generated from the 2010 MISSI are Value of Production Index (VaPI), Volume of Production Index (VoPI), Value of Net Sales (VaNSI), and Volume of Net Sales (VoNSI). However, the VoPI and VoNSI are derived indicators utilizing the Producer Price Index as deflator.

      The industry coverage of the 2010 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors as shown below with 10 further disaggregated into sub-sectors.

       

       

      PSIC CODE	INDUSTRY DESCRIPTION
      15 except 155	Food Manufacturing*
      155	Beverages
      16	Tobacco products
      17	Textiles*
      18,174 and 192	Footwear and wearing apparel
      191	Leather products
      20	Wood and wood products*
      21	Paper and paper products
      22	Publishing and printing
      23	Petroleum products*
      24	Chemical products*
      25	Rubber and plastic products*
      26	Non-metallic mineral products*
      27	Basic metals*
      28	Fabricated metal products
      29 and 30	Machinery except electrical*
      31 and 32	Electrical machinery*
      34 and 35	Transport equipment
      36	Furniture and fixtures
      33 and 39	Miscellaneous manufactures

                                                  Note: * - Major sectors categorized into sub-sectors

      Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

       

     

     

    (Sgd.) CARMELITA N. ERICTA                                                                                                                            Administrator

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    TABLE 1-A. Value of Production Index, July 2011 - August 2011
    (2000=100)
     

    Gainers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Petroleum Products	30.9	28.5
    Chemical Products	17.3	13.0
    Beverages	22.6	11.9
    Rubber and Plastic Products*	25.6	18.6
    Miscellaneous Manufactures	20.4	1.5
    Paper and Paper Products	20.3	31.6
    Basic Metals	8.5	11.6
    Furniture and Fixtures	35.4	46.8
    Footwear and Wearing Apparel	8.6	14.3
    Publishing and Printing	14.7	33.2
    Tobacco Products	8.6	-3.5
    Fabricated Metal Products	7.5	-1.5
    Leather Products	12.3	4.2

    Losers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Machinery Except Electrical	-35.0	-29.0
    Food Manufacturing	-14.4	-4.7
    Electrical Machinery	-3.2	-1.7
    Textiles	-14.6	-8.6
    Transport Equipment	-2.6	0.9
    Wood and Wood Products	-9.8	-21.9
    Non-Metallic Mineral Products	-1.5	-4.9

     

    TABLE 1-A. Value of Production Index, July 2011 - August 2011 (concluded)
    (2000=100)
     

    Gainers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Petroleum Products	7.4	8.1
    Chemical Products	5.9	5.9
    Electrical Machinery	2.2	1.4
    Miscellaneous Manufactures	15.1	-6.8
    Tobacco Products	8.3	1.3
    Fabricated Metal Products	4.1	-6.7
    Beverages	1.2	-18.9
    Rubber and Plastic Products*	1.6	2.5
    Wood and Wood Products	5.7	9.2

    Losers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Machinery Except Electrical	-7.7	12.9
    Food Manufacturing	-3.8	-5.1
    Basic Metals	-10.4	27.5
    Publishing and Printing	-25.3	-7.0
    Footwear and Wearing Apparel	-8.6	8.8
    Textiles	-8.4	-1.5
    Furniture and Fixtures	-14.2	-2.4
    Transport Equipment	-2.4	15.6
    Paper and Paper Products	-2.0	3.0
    Leather Products	-3.2	26.3
    Non-Metallic Mineral Products	-0.2	1.8

    Notes:

    * - new sector in the 2000-based series

    Sectors are ranked according to their contribution to the overall 2000-based August 2011 growth rate.

    Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.

    Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.

     

    TABLE 1-B. Volume of Production Index, July 2011 - August 2011
    (2000=100)
     

    Gainers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Chemical Products	18.4	12.8
    Beverages	27.9	16.9
    Miscellaneous Manufactures	42.8	8.7
    Furniture and Fixtures	86.5	116.3
    Rubber and Plastic Products*	20.0	13.7
    Paper and Paper Products	27.0	35.9
    Electrical Machinery	2.0	5.6
    Footwear and Wearing Apparel	9.2	14.7
    Publishing and Printing	14.7	33.2
    Fabricated Metal Products	8.1	-2.4
    Petroleum Products	0.9	-0.3
    Tobacco Products	3.9	-7.7
    Leather Products	11.8	3.4
    Non-Metallic Mineral Products	0.9	-0.9

    Losers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Machinery Except Electrical	-35.1	-27.0
    Food Manufacturing	-17.9	-9.4
    Textiles	-17.4	-11.5
    Transport Equipment	-5.9	-2.0
    Wood and Wood Products	-9.9	-22.0
    Basic Metals	-1.1	-0.1

     

    TABLE 1-B. Volume of Production Index, July 2011 - August 2011(concluded)
    (2000=100)
     

    Gainers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Petroleum Products	10.2	4.4
    Chemical Products	7.2	5.6
    Miscellaneous Manufactures	25.9	-10.7
    Electrical Machinery	1.8	3.2
    Tobacco Products	8.3	1.3
    Fabricated Metal Products	4.6	-6.0
    Beverages	1.2	-18.9
    Rubber and Plastic Products*	1.5	3.0
    Wood and Wood Products	5.7	9.2
    Losers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Machinery Except Electrical	-8.3	27.3
    Food Manufacturing	-3.8	-1.9
    Basic Metals	-10.6	36.7
    Publishing and Printing	-25.3	-7.0
    Footwear and Wearing Apparel	-8.8	10.1
    Textiles	-8.5	-0.3
    Furniture and Fixtures	-15.6	-9.5
    Transport Equipment	-2.4	14.1
    Non-Metallic Mineral Products	-1.6	13.8
    Paper and Paper Products	-0.5	3.6
    Leather Products	-3.2	25.5

    Notes

    * - new sector in the 2000-based series

    Sectors are ranked according to their contribution to the overall 2000-based August 2011 growth rate.

    Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.

    Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.

     

    TABLE 2-A. Value of Net Sales Index, July 2011 - August 2011
    (2000=100)
     

    Gainers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Food Manufacturing	22.0	26.0
    Petroleum Products	25.6	20.0
    Basic Metal	25.8	4.2
    Beverages	13.8	17.5
    Footwear and Wearing Apparel	14.3	14.2
    Paper and Paper Products	13.2	5.7
    Non-Metallic Mineral Products	8.2	11.0
    Rubber and Plastic Products*	18.1	10.1
    Miscellaneous Manufactures	8.9	-5.9
    Wood and Wood Products	6.7	-21.2
    Furniture and Fixtures	4.6	4.3
    Leather Products	10.3	-11.9

    Losers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Electrical Machinery	-4.4	-3.5
    Machinery Except Electrical	-6.1	1.2
    Publishing and Printing	-34.0	20.8
    Chemical Products	-4.0	6.6
    Textiles	-14.3	-1.8
    Tobacco Products	-7.2	-2.3
    Fabricated Metal Products	-6.9	-13.1
    Transport Equipment	-2.1	2.2

     

    TABLE 2-A. Value of Net Sales Index, July 2011 - August 2011
    (concluded)
    (2000=100)
     

    Gainers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Miscellaneous Manufactures	14.2	-5.0
    Wood and Wood Products	8.3	7.8
    Rubber and Plastic Products	3.8	-0.8
    Non-Metallic Mineral Products	1.1	a/
    Footwear and Wearing Apparel	0.9	-0.5
    Fabricated Metal Products	0.3	-10.0
    Leather Products	1.8	27.8

    Losers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Food Manufacturing	-6.3	-3.4
    Chemical Products	-6.5	-11.3
    Machinery Except Electrical	-4.6	-1.4
    Basic Metal	-8.0	33.1
    Transport Equipment	-7.6	6.8
    Publishing and Printing	-20.5	-5.1
    Electrical Machinery	-1.2	10.5
    Textiles	-12.0	8.9
    Beverages	-3.5	-14.2
    Petroleum Products	-1.2	-3.4
    Tobacco Products	-5.5	20.1
    Furniture and Fixtures	-10.2	-7.7
    Paper and Paper Products	-1.9	-0.3

     

    Note:

    * - new sector in the 2000-based series

    a/ - Less than 0.1 percent increase

    Sectors are ranked according to their contribution to the overall 2000-based August 2011 growth rate.

    Year-on-year growth rates are computed by dividing the current month value of net sales by previous year same month value of net sales less 1.

    Month-on-month growth rates are computed by dividing the current month value of net sales by previous month value of net sales less 1.

     

    TABLE 2-B. Volume of Net Sales Index, July 2011 - August 2011
    (2000=100)
     

    Gainers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Food Manufacturing	17.0	19.9
    Beverages	18.8	22.6
    Basic Metals	14.7	26.4
    Miscellaneous Manufactures	29.2	0.8
    Footwear and Wearing Apparel	14.9	4.5
    Paper and Paper Products	19.5	9.1
    Furniture and Fixtures	44.1	53.7
    Non-Metallic Mineral Products	10.9	15.6
    Electrical Machinery	0.9	3.7
    Rubber and Plastic Products*	12.8	5.6
    Wood and Wood Products	6.6	-21.3
    Leather Products	9.8	12.5
    Losers	Year-on-Year Growth (%)
    	August 2011	July 2011 (revised)
    Machinery Except Electrical	-6.3	4.0
    Publishing and Printing	-34.0	20.8
    Petroleum Products	-3.1	-6.9
    Textiles	-17.1	-4.9
    Chemical Products	-3.1	6.4
    Transport Equipment	-5.4	-0.7
    Tobacco Products	-11.2	-6.6
    Fabricated Metal Products	-6.4	-13.9

     

    TABLE 2-B. Volume of Net Sales Index, July 2011 - August 2011
    (concluded)
    (2000=100)
     

    Gainers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Miscellaneous Manufactures	25.0	-8.9
    Petroleum Products	1.4	-6.7
    Wood and Wood Products	8.3	7.8
    Rubber and Plastic Products*	3.8	-0.3
    Footwear and Wearing Apparel	0.7	0.7
    Fabricated Metal Products	0.9	-9.3
    Leather Products	1.8	27.0

    Losers	Month-on-Month Growth (%)
    	August 2011	July 2011 (revised)
    Food Manufacturing	-6.3	-0.2
    Machinery Except Electrical	-5.2	11.2
    Chemical Products	-5.4	-11.5
    Basic Metals	-8.2	42.7
    Transport Equipment	-7.5	2.5
    Electrical Machinery	-1.6	12.5
    Publishing and Printing	-20.5	-5.1
    Textiles	-12.1	10.2
    Beverages	-3.5	-14.2
    Tobacco Products	-5.5	20.1
    Furniture and Fixtures	-11.6	-14.4
    Non-Metallic Mineral Products	-0.3	11.8
    Paper and Paper Products	-0.3	0.3

    Note:

    *  -   new sector in the 2000-based series

    Sectors are ranked according to their contribution to the overall 2000-based August 2011 growth rate.

    Year-on-year growth rates are computed by dividing the current month volume of net sales by previous year same month volume of net sales less 1.

    Month-on-month growth rates are computed by dividing the current month volume of net sales by previous month volume of net sales less 1.

     

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    Source:   National Statistics Office
                     Manila, Philippines