Total Manufacturing | December 2006 | November 2006 |
Year-on-Year Growth | ||
Production Index | ||
Value(VaPI) | -3.9 | -4.3r |
Volume(VoPI) | -9.2 | -15.9r |
Net Sales Index | ||
Value | 1.1 | 3.5r |
Volume | -5.0 | -5.9r |
Producer Price Index | -5.8 | 13.8r |
Average Capacity Utilization | 80.3 | 80.2r |
r-revised
- Value of Production still down for the fourth month
Value of Production Index (VaPI) for the manufacturing industry continued to tumble as it posted a decrease of 3.9 percent in December 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the two-digit decreases observed in the following sectors: fabricated metal products, furniture and fixtures, textiles, machinery excluding electrical, petroleum products and tobacco. Refer to Tables 1-A and 1.
While VaPI recorded a slow month-on-month growth of 1.0 percent in December 2006. Sectors that made significant contribution to the increase were the following: petroleum products, footwear and wearing apparel, non-metallic mineral products and beverages. Refer to Tables 1-A and 1.
- Volume of Production Index (VoPI) posts whole year round decreases
On a yearly basis, Volume of Production Index (VoPI) slumped by 9.2 percent in December, which was an improvement from the two-digit drop (revised) of 15.9 percent in November. This was due to decreases in the eight major sectors, namely: fabricated metal products, machinery excluding electrical, textiles, furniture and fixtures, electrical machinery, petroleum products, tobacco and footwear and wearing apparel. Refer to Tables 2 and 1-B.
VoPI on a monthly comparison managed to grow at 0.5 percent in December. Major sectors attributed to the increase were the following: petroleum products, footwear and wearing apparel and beverages. Refer to Tables 2 and 1-B.
-
- Value of Net Sales sustains single-digit growth
Value of Net Sales posted a year-on-year increment of 1.1 percent in December 2006. Leather products with 70.1 percent growth, significantly contributed to the increase, followed by other major sectors that also reported a two-digit increases, namely: tobacco, publishing and printing, basic metals, wood and wood products, rubber products, non-metallic mineral products, food manufacturing and miscellaneous manufactures. Refer to Tables 2-A and 3.
On a monthly basis, Value of Net Sales grew by 2.3 percent in December 2006 after registering a (revised) decrease of 2.2 percent in November. Sectors that reported significant expansion in sales value were the following: footwear and wearing apparel, tobacco, beverages, wood and wood products and furniture and fixtures. Refer to Tables 2-A and 3.
- Volume of Net Sales posts negative growth in eleven months
However, Volume of Net Sales on a year-on-year basis slipped by 5.0 percent in December 2006. Machinery excluding electrical was still on its downtrend at 75.2 percent, followed by other major sectors that significantly influenced the reduction in sales volume, namely: fabricated metal products, petroleum products, electrical machinery, textiles, furniture and fixtures and paper and paper products. Refer to Tables 2-B and 4.
Volume of Net Sales on a month-on-month basis recovered by 1.8 percent in December from a previous month's (revised) drop of 1.9 percent, primarily due to the better performance in sales volume of the following sectors: footwear and wearing apparel, tobacco, beverages, wood and wood products and furniture and fixtures. Refer to Tables 2-B and 4.
-
- Capacity Utilization
Average capacity utilization in December 2006 for total manufacturing was estimated at 80.3 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, petroleum products, paper and paper products, electrical machinery, miscellaneous manufactures, leather products, basic metals, rubber products, food manufacturing and chemical products. Refer to Table 6..
The proportion of establishments that operated at full capacity (90% to 100%) was 10.2 percent in December 2006. More than half or 58.4 percent of the establishments operated at 70% to 89% capacity and 31.4 percent of the establishments operated below 70% capacity.
Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, December 2006
(In percent)Capacity Utilization Percent Share Below 50 percent 2.9 50 percent - 59 percent 9.7 60 percent - 69 percent 18.8 70 percent - 79 percent 21.3 80 percent - 89 percent 37.1 90 percent - 100 percent 10.2 - Response Rate
The response rates for the December 2006 MISSI and PPS are 92.7 percent and 94.8 percent, respectively. Refer to Tables 7 and 8.
Response Rates for Total Manufacturing
(In percent)December 2006 November 2006
(revised)MISSI 92.7 96.3r PPS 94.8r 97.8r
r-revised - Technical Notes
Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
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
AdministratorTABLE 1-A. VALUE OF PRODUCTION INDEX, November 2006 - December 2006
(1994 =100)Gainers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Basic Metals
47.8
47.8
Chemical Products
6.9
11.9
Food Manufacturing
3.1
1.6
Publishing and Printing
38.2
4.6
Wood and Wood Products
36.0
25.1
Beverages
4.0
0.4
Paper and Paper Products
9.2
10.9
Non-Metallic Mineral Products
4.9
-12.2
Leather Products
113.8
14.1
Footwear and Wearing Apparel
1.8
0.8
Rubber Products
5.4
-13.0
Losers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Petroleum Products
-15.7
-25.5
Electrical Machinery
-9.3
-0.7
Textiles
-32.7
-40.8
Fabricated Metal Products
-45.9
18.2
Machinery Excluding Electrical
-31.8
-48.8
Tobacco
-10.1
-25.3
Furniture and Fixtures
-42.1
-1.7
Transport Equipment
-3.6
-9.5
Miscellaneous Manufactures
-1.8
7.1
TABLE 1-A. VALUE OF PRODUCTION INDEX, November 2006 - December 2006
(concluded)
(1994=100)Gainers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Petroleum Products
21.5
16.4
Footwear and Wearing Apparel
16.5
-9.9
Beverages
10.1
1.4
Non-Metallic Mineral Products
10.2
-5.8
Publishing and Printing
7.6
1.4
Furniture and Fixtures
6.4
1.5
Tobacco
0.8
-2.0
Food Manufacturing
0.1
1.7
Leather Products
3.4
-8.4
Losers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Electrical Machinery
-7.5
-10.8
Chemical Products
-7.1
5.2
Transport Equipment
-11.5
-2.9
Basic Metals
-8.5
5.9
Fabricated Metal Products
-16.4
10.8
Miscellaneous Manufactures
-17.7
-7.0
Paper and Paper Products
-8.3
2.9
Rubber Products
-12.3
-9.6
Textiles
-2.7
-7.6
Machinery Excluding Electrical
-4.4
-2.8
Wood and Wood Products
-1.1
3.7
Note: * - new sectors in the 1994-based seriesSectors are ranked according to their contribution to the overall 1994-based December 2006 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, November 2006 - December 2006
(1994 = 100)Gainers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Basic Metals
45.3
46.3
Publishing and Printing
52.5
15.5
Chemical Products
4.9
12.1
Wood and Wood Products
28.1
17.8
Leather Products
70.8
-8.8
Paper and Paper Products
4.1
5.0
Beverages
1.4
-2.1
Non-Metallic Mineral Products
1.2
-17.9
Miscellaneous Manufactures
0.5
9.9
Losers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Electrical Machinery
-28.7
-48.6
Petroleum Products
-17.1
-26.7
Textiles
-35.4
43.3
Fabricated Metal Products
-50.3
8.7
Food Manufacturing
-3.7
-4.9
Footwear and Wearing Apparel
-14.8
-20.4
Machinery Excluding Electrical
-43.3
-57.2
Tobacco
-15.0
-29.4
Transport Equipment
-5.0
-8.4
Furniture and Fixtures
-31.5
15.0
Rubber Products
-6.7
-23.5
TABLE 1-B. VOLUME OF PRODUCTION INDEX, November 2006 - December 2006
(concluded)
(1994=100)Gainers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Petroleum Products
21.5
19.1
Footwear and Wearing Apparel
16.2
-12.2
Beverages
10.1
1.4
Non-Metallic Mineral Products
6.5
-3.1
Publishing and Printing
7.6
1.4
Furniture and Fixtures
8.5
3.8
Tobacco
0.8
1.3
Leather Products
3.4
-8.4
Losers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Chemical Products
-9.0
6.3
Electrical Machinery
-7.7
-11.1
Transport Equipment
-12.7
-2.9
Basic Metals
-8.3
5.4
Fabricated Metal Products
-16.4
10.6
Miscellaneous Manufactures
-17.5
-6.7
Paper and Paper Products
-7.4
1.7
Rubber Products
-11.7
-9.6
Textiles
-2.4
-7.2
Machinery Excluding Electrical
-4.9
-3.1
Food Manufacturing
-0.3
1.5
Wood and Wood Products
-1.2
5.0
Note: * - new sectors in the 1994-based seriesSectors are ranked according to their contribution to the overall 1994-based December 2006 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, November 2006 - December 2006
(1994=100)Gainers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Food Manufacturing
11.4
22.0
Tobacco
58.1
-2.8
Basic Metals
27.1
47.0
Chemical Products
8.1
2.2
Non-Metallic Mineral Products
13.8
3.7
Publishing and Printing
29.6
12.6
Footwear and Wearing Apparel
8.3
-22.8
Wood and Wood Products
22.5
-6.0
Rubber Products
15.5
16.6
Leather Products*
70.1
8.1
Miscellaneous Manufactures
8.3
12.5
Transport Equipment
1.5
-4.0
Losers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Petroleum Products
-28.3
-15.4
Electrical Machinery
-9.0
0.4
Machinery Excluding Electrical
-70.2
-75.4
Fabricated Metal Products
-48.8
3.6
Textiles
-16.0
-7.9
Furniture and Fixtures
-27.3
-35.7
Paper and Paper Products
-7.2
6.6
Beverages
-0.5
0.9
TABLE 2-A. VALUE OF NET SALES, November 2006 - December 2006(concluded)
(1994=100)Gainers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Footwear and Wearing Apparel
33.7
-11.5
Beverages
22.0
-3.1
Tobacco
24.2
-7.2
Chemical Products
6.1
-6.3
Food Manufacturing
2.6
7.7
Wood and Wood Products
17.6
-8.4
Transport Equipment
2.8
0.6
Furniture and Fixtures
13.2
-4.0
Non-Metallic Mineral Products
1.7
-1.4
Leather Products*
3.5
-6.8
Losers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Basic Metals
-13.6
-3.6
Electrical Machinery
-5.7
-9.5
Textiles
-12.4
-2.6
Paper and Paper Products
-14.4
5.5
Fabricated Metal Products
-14.5
10.8
Machinery Excluding Electrical
-14.6
-2.6
Petroleum Products
-1.0
-4.9
Miscellaneous Manufactures
-6.2
-6.1
Rubber Products
-7.4
-8.9
Publishing and Printing
-2.3
2.3
Note: * - new sectors in the 1994-based seriesSectors are ranked according to their contribution to the overall 1994-based December 2006 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, November 2006 - December 2006
(1994=100)Gainers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Tobacco
49.3
-8.1
Basic Metals
24.9
44.1
Food Manufacturing
4.0
14.1
Chemical Products
6.0
2.4
Publishing and Printing
43.0
24.3
Non-Metallic Mineral Products
9.8
-3.1
Wood and Wood Products
15.4
-11.5
Miscellaneous Manufactures
10.7
15.5
Leather Products
36.0
-13.6
Rubber Products
2.3
2.5
Losers Year-on-Year Growth (percent) December 2006 November 2006
(revised)Petroleum Products
-29.5
-16.8
Electrical Machinery
-28.5
-48.1
Machinery Excluding Electrical
-75.2
-79.4
Fabricated Metal Products
-52.9
-4.7
Textiles
-19.4
-11.8
Footwear and Wearing Apparel
-9.3
-39.1
Paper and Paper Products
-11.6
0.9
Beverages
-3.1
-1.7
Furniture and Fixtures
-14.0
-24.8
Transport Equipment
b/
-2.8
TABLE 2-B. VOLUME OF NET SALES, November 2006 - December 2006 (concluded)
(1994=100)Gainers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Footwear and Wearing Apparel
33.4
-13.7
Beverages
22.0
-3.1
Tobacco
24.2
-7.2
Chemical Products
3.9
-5.4
Food Manufacturing
2.2
7.5
Wood and Wood Products
17.5
-7.2
Furniture and Fixtures
15.5
-1.8
Transport Equipment
1.3
0.6
Leather Products
3.5
-6.8
Losers Month-on-Month Growth (percent) December 2006 November 2006
(revised)Basic Metals
-13.4
-4.1
Electrical Machinery
-5.9
-9.7
Textiles
-12.2
-2.2
Paper and Paper Products
-13.6
4.2
Fabricated Metal Products
-14.5
10.6
Machinery Excluding Electrical
-15.1
-2.8
Petroleum Products
-1.0
-2.7
Miscellaneous Manufactures
-5.9
-5.8
Non-Metallic Mineral Products
-1.8
1.4
Rubber Products
-6.7
-8.9
Publishing and Printing
-2.3
2.3
Note: * - new sectors in the 1994-based seriesb/ - Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 1994-based December 2006 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.
Source: National Statistics Office
Manila, Philippines