r - revised

• Value of Production Index grows in August 2016

Value of Production Index (VaPI) rose to 8.4 percent in August 2016, a reversal from the negative growth of 5.8 percent during the same month of last year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was brought about by the expansion in VaPI for 13 major sectors, with two-digit growth observed in eight major sectors, namely: transport equipment (37.4%), rubber and plastic products (36.9%), basic metals (33.4%), beverages (21.3%), machinery except electrical (18.4%), food manufacturing (13.3%), tobacco products (12.1%), and wood and wood products (10.3%). Refer to Tables 1-A and 1.

• Volume of Production Index sustains positive growth

Volume of Production Index (VoPI) gained further as it posted a significant increase of 13.5 percent in August 2016. Among the 15 major sectors reporting increases, nine significantly influenced the growth, namely: machinery except electrical (44.7%), basic metals (40.8%), rubber and plastic products (40.8%), transport equipment (38.7%), beverages (16.1%), wood and wood products (13.2%), tobacco products (11.9%), food manufacturing (11.1%), and footwear and wearing apparel (10.9%). Refer to Tables 1-B and 2.

• Value of Net Sales Index rebounds

Value of Net Sales Index (VaNSI) went up by 6.4 percent, recovering  from a negative 7.5 percent  in  August 2015. The growth  was  due  to  the  favorable performance  of 13 major sectors, with double-digit increases noted in six major sectors, namely: basic metals (35.1%), wood and wood products (29.8%), machinery except electrical (24.0%), beverages (23.8%), rubber and plastic products (20.7%), and food manufacturing (13.0%). Refer to Tables 2-A and 3.

• Volume of Net Sales Index exhibits two-digit growth

Volume of Net Sales Index (VoNSI) grew by 11.4 percent in August 2016 compared with a minimal increase of 0.4 percent during the same month of last year. Major sectors that largely contributed to the expansion in VoNSI were machinery except electrical (51.6%), basic metals (42.5%), wood and wood products (33.1%), rubber and plastic products (24.0%), beverages (18.5%), furniture and fixtures (16.7%), leather products (13.3%), food manufacturing (10.8%), and petroleum products (10.7%). Refer to Tables   2-B and 4.

• Average Capacity Utilization Rate in August 2016 is 83.6 percent with basic metals posting the highest among industries

Average capacity utilization rate in June 2016 for total manufacturing was recorded at 83.6 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

• basic metals (88.4%)
• petroleum products (88.3%)
• non-metallic mineral products (86.5%)
• machinery except electrical (85.3%)
• food manufacturing (84.5%)
• electrical machinery (84.5%)
• chemical products (84.4%)
• paper and paper products (83.2%)
• rubber and plastic products (83.0%)
• wood and wood products (81.0%)
• printing (80.2%)

The proportion of establishments that operated at full capacity (90% to 100%) was 23.5 percent in August 2016. About 58.3 percent of the establishments operated at 70 percent to 89 percent capacity while 18.2 percent of the establishments operated below 70 percent capacity. Refer to Table B and 6.

• Industry Coverage

The 2016 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2016 MISSI. These are presented in the table below.

• Response Rate         

The response rates for the August 2016 MISSI and PPS are 83.6 and 85.5 percent, respectively.  Refer to Tables 7 and 8.

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:

TABLE 1-A Value of Production Index, July 2016 and August 2016

   (2000 =100)

TABLE 1-B  Volume of Production Index, July 2016 and August 2016

(2000 = 100)

TABLE 2-A  Value of Net Sales Index, July 2016 and August 2016

(2000 =100)

TABLE 2-B  Volume of Net Sales Index, July 2016 and August 2016

(2000 = 100)