Monthly Integrated Survey of Selected Industries : August 2018

Reference Number: 

2018-157

Release Date: 

Friday, October 5, 2018

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: August 2018 and August 2017

TOTAL MANUFACTURING

AUGUST
2018
AUGUST
2017

Production Index (2000=100)

 

 

       Value       (VaPI)

8.8

-0.1

       Volume    (VoPI)

8.8

0.3

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

13.0

-2.6

       Volume     (VoNSI)

13.0

-2.2

 Producer Price Index (2000=100)

0.1r

-0.4

r - revised

  • Value of Production Index accelerates in August 2018

The Value of Production Index (VaPI) for manufacturing grew in August 2018, recording a year-on-year growth of 8.8 percent, based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). In the same month of the previous year, VaPI went down by 0.1 percent.

A two-digit annual growth rate in VaPI was exhibited in eight major industry groups which was led by petroleum products with an increment of 60.9 percent. Other industries with two-digit annual growth rates were textiles (46.3%), beverages (41.2%), miscellaneous manufactures (31.2%), machinery except electrical (22.9%), paper and paper products (22.7%), electrical machinery (17.5%) and rubber and plastic products (10.5%). Refer to Tables1-A and 1.

  • Volume of Production Index shows improvements

The Volume of Production Index (VoPI) rose by 8.8 percent in August 2018 from the 0.3 percent increase during the same month of the previous year.

Industries with a two-digit growth rate in VoPI were observed in the following: textiles (39.7%), petroleum products (37.9%), miscellaneous manufactures (26.6%), beverages (24.2%), paper and paper products (18.7%), machinery except electrical (14.7%), rubber and plastic products (11.9%), non-metallic mineral products (10.8%) and electrical machinery (10.4%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index sustains a two-digit growth

The Value of Net Sales Index (VaNSI) posted a two-digit growth, registering a 13.0 percent increase in August 2018 from a negative growth of 2.6 percent in the same month of 2017.

Thirteen of the 14 major industries that pulled-up the VaNSI were as follows: petroleum products (36.0%), paper and paper products (26.4%), tobacco products (25.1%), beverages (24.2%), miscellaneous manufactures (18.6%), food manufacturing (18.1%), basic metals (17.3%), fabricated metal products (16.0%), wood and wood products (14.6%), rubber and plastic products (14.2%), footwear and wearing apparel (13.2%), machinery except electrical (12.0%) and electrical machinery (11.3%). Refer toTables 2-A and 3.

  • Volume of Net Sales Index posts increments

The Volume of Net Sales Index (VoNSI) likewise went up in August 2018, posting a year-on-year increment of 13.0 percent.

Among the 15 major industries exhibiting increases in VoNSI, nine major industries had a two-digit growth rate, namely: paper and paper products (25.4%), fabricated metal products (25.1%), food manufacturing (20.8%), furniture and fixtures (19.9%), rubber and plastic products (18.4%), wood and wood products (16.0%), petroleum products (15.5%), footwear and wearing apparel (14.3%), basic metals (10.5%). Refer to Tables 2-B and 4.

 

 

Average Capacity Utilization Rate in August 2018 is 84.3 percent with petroleum products posting the highest among industries

Average capacity utilization rate in August 2018 for total manufacturing was recorded at 84.3 percent. Fifty-five percent or 11 of the 20 major industries operated at least 80 percent capacity utilization rates. These are:

  • petroleum products (89.8%)
  • basic metals (89.0%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (86.1%)
  • electrical machinery (85.1%)
  • food manufacturing (85.1%)
  • chemical products (84.9%)
  • paper and paper products (83.8%)
  • rubber and plastic products (83.5%)
  • wood and wood products (81.6%)
  • textiles (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth of the total number of establishments (26.8%) in August 2018. About 55.1 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.1%) operated below 70 percent capacity. Refer to Tables B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: August 2018

Capacity Utilization

Percent Share

Below 50%

3.3

50% - 59%

4.9

60% - 69%

9.9

70% - 79%

 21.6

80% - 89%

 33.5

 90% - 100%

 26.8

 

Response Rate

The response rates for the August 2018 MISSI and PPS were 79.6 percent and 87.4 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing

(In percent)

 

August 2018

July 2018
(Revised)

MISSI

79.6

88.3r

PPS

87.4r

92.0r

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 of the preliminary estimates were done upon receipt of actual reports of late respondents.

 

 

 

 

LISA GRACE S. BERSALES, Ph. D.

Undersecretary

National Statistician and Civil Registrar General

 


 

TABLE 1-A Value of Production Index, July 2018 and August 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

August 2018
July 2018
(revised)

Gainers

 

 

Petroleum products

60.9

66.5

Electrical machinery

17.5

13.4

Machinery except electrical

22.9

12.3

Beverages

41.2

38.5

Textiles

46.3

40.6

Miscellaneous manufactures

31.2

22.4

Food manufacturing

2.6

3.1

Paper and paper products

22.7

15.4

Basic Metals

6.6

29.5

Rubber and plastic products

10.5

10.4

Transport equipment

3.5

-1.4

Wood and wood products

7.4

-11.4

Losers

 

 

Printing

-66.9

-65.1

Tobacco products

-35.1

-46.0

Chemical products

-6.2

1.7

Fabricated metal products

-18.0

5.8

Footwear and wearing apparel

-5.8

-20.7

Non-metallic mineral products

-1.9

3.2

Furniture and fixtures

-4.3

-14.6

Leather products

-3.0

6.9

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based August 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, July 2018 and August 2018

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

August 2018
July 2018
(revised)

Gainers

 

 

Petroleum products

37.9

38.8

Electrical machinery         

10.4

6.9

Machinery except electrical

14.7

4.8

Beverages

24.2

22.0

Textiles

39.7

34.0

Miscellaneous manufactures

26.6

17.8

Food manufacturing

2.7

3.7

Paper and paper products

18.7

8.8

Rubber and plastic products

11.9

12.2

Non-metallic mineral products

10.8

16.7

Transport equipment

2.3

-2.7

Furniture and fixtures

8.0

-4.1

Wood and wood products

9.3

-9.6

Leather products

3.9

14.6

Basic metals

0.1

19.6

Losers

 

 

Tobacco products

-57.6

-64.6

Printing

-68.3

-66.6

Chemical products

-4.9

2.4

Fabricated metal products

-11.5

19.8

Footwear and wearing apparel

-5.3

-18.4

 

Notes:    Major Industries are ranked according to their contribution to the overall 2000-based August 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, July 2018 and August 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

August 2018
July 2018
(revised)

Gainers

 

 

Petroleum products

36.0

33.6

Food manufacturing

18.1

14.4

Electrical machinery

11.3

22.2

Machinery except electrical

12.0

19.8

Beverages

24.2

27.4

Basic metals

17.3

40.0

Paper and paper products

26.4

16.9

Tobacco products

25.1

46.6

Footwear and wearing apparel

13.2

16.6

Miscellaneous manufactures

18.6

30.2

Fabricated metal products

16.0

9.9

Rubber and plastic products

14.2

9.5

Wood and wood products

14.6

-18.8

Furniture and fixtures

9.9

9.9

Losers

 

 

Textiles

-20.7

-21.1

Chemical products

-2.7

8.0

Printing

-8.1

2.4

Non-metallic mineral products

-2.6

17.5

Leather products

-15.6

1.3

Transport equipment

-0.1

-0.3

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based August 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, July 2018 and August 2018

(2000 = 100)

 

Industry Group

Year-on-Year Growth (%)

August 2018
July 2018
 (revised)

Gainers

 

 

Food manufacturing

20.8

17.5

Petroleum products

15.5

10.4

Electrical machinery

3.9

14.4

Paper and paper products

25.4

13.0

Basic metals

10.5

29.7

Footwear and wearing apparel

14.3

20.5

Fabricated metal products

25.1

24.4

Beverages

7.5

10.5

Non-metallic mineral products

8.9

31.4

Rubber and plastic products

18.4

13.9

Machinery except electrical

1.9

9.0

Miscellaneous manufactures

8.7

19.1

Furniture and fixtures

19.9

19.3

Wood and wood products

16.0

-17.6

Transport equipment

1.0

0.7

Losers

 

 

Textiles

-24.0

-24.5

Tobacco products

-17.6

-3.3

Printing

-11.8

-1.8

Leather products

-9.1

9.0

Chemical products

-0.1

10.1

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based August 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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