Total Manufacturing |
December 2007 |
November 2007 |
---|---|---|
Year-on-Year Growth |
|
|
Production Index (1994=100) |
|
|
Value (VaPI) |
-0.9 |
-2.4r |
Volume (VoPI) |
-1.7 |
-4.2r |
Net Sales |
|
|
Value |
4.7 |
-0.7r |
Volume |
1.0 |
-4.3r |
Producer Price Index (1994=100) |
0.9r |
1.9r |
Average Capacity Utilization |
80.7 |
80.5r |
r-revised
· Value of Production declines at slower rate in December 2007
Value of Production Index (VaPI) for the manufacturing industry continued its downtrend but at a slower rate of 0.9 percent in December 2007, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Twelve (12) major sectors reported decreases in production value, with two-digit declines exhibited by the following: furniture and fixtures, basic metals, footwear and wearing apparel, and tobacco. Refer to Tables 1-A and 1 .
On a month-on-month basis, however, VaPI grew by 2.7 percent in December 2007 after posting a (revised) decrease of 0.5 percent in November. The decrease in production value reported by 12 major sectors were offset by the increases reported by eight (8) major sectors, led by beverages with 29.6 percent growth. Refer to Tables 1-A and 1.
· Volume of Production Index still declines in December 2007
On a year-on-year comparison, Volume of Production Index (VoPI) dropped by 1.7 percent in December 2007. This was due to the sluggish factory performance of 13 major sectors, with two-digit decreases reported by the following: basic metals, publishing and printing, footwear and wearing apparel, petroleum products, tobacco, and furniture and fixtures. Refer to Tables 2 and 1-B.
However, on a monthly basis, VoPI rose by 3.1 percent in December 2007. This was primarily due to the increases observed in nine (9) major sectors that offset the decreases reported by 11 major sectors. Refer to Tables 2 and 1-B.
· Value of Net Sales improves in December 2007
Value of Net Sales on a year-on-year basis reported an increase of 4.7 percent in December 2007. Twelve (12) of the 20 major sectors reported growth in sales, with significant expansions reported by the following: beverages, petroleum products, transport equipment, machinery excluding electrical, fabricated metal products, miscellaneous manufactures, and wood and wood products. Refer to Tables 2-A and 3.
Value of Net Sales on a month-on-month basis gained 7.8 percent in December 2007. Major sectors that contributed to the improved sales performance were the following: basic metals, beverages, furniture and fixtures, miscellaneous manufactures, publishing and printing, and chemical products. Refer to Tables 2-A and 3.
· Volume of Net Sales likewise recovers
On a year-on-year basis, Volume of Net Sales increased at a slower rate of 1.0 percent in December 2007 from its previous month's drop (revised) of 4.3 percent. Sectors that significantly contributed to the increase were the following: miscellaneous manufactures, beverages, transport equipment, machinery excluding electrical, fabricated metal products, wood and wood products, and furniture and fixtures. Refer to Tables 2-B and 4.
On a month-on-month basis, Volume of Net Sales stepped up by 7.5 percent in December 2007 compared to its previous month's (revised) decrease of 6.1 percent. Thirteen (13) of the 20 major sectors posted increases in sales volume, with two-digit increments observed in the following: basic metals, beverages, furniture and fixtures, miscellaneous manufactures, publishing and printing, and chemical products. Refer to Tables 2-B and 4.
· Capacity Utilization
Average capacity utilization in December 2007 for total manufacturing was estimated at 80.7 percent. Ten (10) major sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, petroleum products, leather products, food manufacturing, electrical machinery, miscellaneous manufactures, paper and paper products, basic metals, rubber products, and chemical products. Refer to Table 6.
The proportion of establishments that operated at full capacity (90% to 100%) was 9.9 percent in December 2007. More than half or 57.1 percent of the establishments operated at 70% to 89% capacity while 33.0 percent of the establishments operated below 70% capacity.
Distribution of Key Manufacturing Establishments by Capacity Utilization |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50 percent |
6.1 |
50 percent - 59 percent |
7.7 |
60 percent - 69 percent |
19.2 |
70 percent - 79 percent |
20.3 |
80 percent - 89 percent |
36.8 |
90 percent - 100 percent |
9.9 |
· Response Rates
The response rates for the December 2007 MISSI and PPS are 91.9 percent and 96.4 percent, respectively. Refer to Tables 7 and 8.
Response Rates for Total Manufacturing |
||
---|---|---|
December 2007 |
November 2007 |
|
MISSI |
91.9 |
96.2r |
PPS |
96.4r |
99.3r |
r-revised
· Technical Notes
For the 2007 monthly issues, the 2000 based series of MISSI indices and PPI are simultaneously released with the 1994 based indicators. The 2000 based series for 2001 to 2006 were earlier made available in separate Special Release.
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 |
TABLE 1-A. VALUE OF PRODUCTION INDEX, November 2007 - December 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
|
||
Beverages |
34.5 |
14.3 |
|
Food Manufacturing |
2.6 |
-3.0 |
|
Fabricated Metal Products* |
14.0 |
4.8 |
|
Wood and Wood Products |
5.2 |
14.6 |
|
Leather Products* |
30.5 |
66.7 |
|
Transport Equipment |
0.6 |
-0.7 |
|
Miscellaneous Manufactures |
1.8 |
-9.8 |
|
Machinery Excluding Electrical* |
1.1 |
-0.2 |
|
|
|
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
December 2007 |
November 2007 |
|
|
||
Basic Metals |
-17.3 |
-17.3 |
Footwear and Wearing Apparel* |
-16.9 |
-12.0 |
Chemical Products |
-6.2 |
-7.9 |
Electrical Machinery |
-4.2 |
-10.6 |
Tobacco |
-15.1 |
-2.7 |
Paper and Paper Products |
-7.4 |
-10.6 |
Furniture and Fixtures |
-18.9 |
-12.4 |
Non-Metallic Mineral Products |
-3.4 |
1.8 |
Petroleum Products |
-0.7 |
14.1 |
Textiles |
-1.9 |
-18.0 |
Publishing and Printing* |
-4.5 |
-11.2 |
Rubber Products |
-1.3 |
-14.8 |
TABLE 1-A. VALUE OF PRODUCTION INDEX, November 2007 - December 2007(concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
|
||
Beverages |
29.6 |
-5.9 |
|
Food Manufacturing |
6.9 |
0.7 |
|
Petroleum Products |
5.7 |
2.6 |
|
Footwear and Wearing Apparel* |
10.1 |
-8.1 |
|
Non-Metallic Mineral Products |
7.2 |
-1.6 |
|
Publishing and Printing* |
15.7 |
-9.3 |
|
Rubber Products |
1.5 |
-15.9 |
|
Furniture and Fixtures |
1.3 |
1.9 |
|
|
|
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
December 2007 |
November 2007 |
|
|
||
Tobacco |
-21.4 |
-1.1 |
Transport Equipment |
-10.3 |
-18.3 |
Basic Metals |
-8.6 |
-7.3 |
Chemical Products |
-4.1 |
8.0 |
Fabricated Metal Products* |
-12.6 |
4.0 |
Textiles |
-3.5 |
-7.6 |
Electrical Machinery |
-0.8 |
0.1 |
Miscellaneous Manufactures |
-7.1 |
-10.6 |
Wood and Wood Products |
-6.5 |
-13.0 |
Paper and Paper Products |
-3.1 |
-13.4 |
Machinery Excluding Electrical* |
-3.1 |
-8.4 |
Leather Products* |
-19.0 |
16.6 |
Notes: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based December 2007 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 2007 - December 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
|
||
Beverages |
33.6 |
13.4 |
|
Electrical Machinery |
4.1 |
-5.4 |
|
Fabricated Metal Products* |
15.2 |
6.3 |
|
Miscellaneous Manufactures |
20.4 |
6.6 |
|
Wood and Wood Products |
9.5 |
19.2 |
|
Leather Products* |
22.0 |
55.9 |
|
Machinery Excluding Electrical* |
0.5 |
-3.8 |
|
|
|
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
December 2007 |
November 2007 |
|
|
||
Petroleum Products |
-15.4 |
-0.2 |
Basic Metals |
-28.2 |
-27.0 |
Chemical Products |
-8.6 |
-12.9 |
Footwear and Wearing Apparel* |
-18.2 |
-12.0 |
Tobacco |
-14.7 |
-2.2 |
Publishing and Printing* |
-21.0 |
-26.5 |
Non-Metallic Mineral Products |
-6.0 |
-2.0 |
Food Manufacturing |
-0.8 |
-6.8 |
Paper and Paper Products |
-7.6 |
-10.1 |
Transport Equipment |
-2.0 |
-4.9 |
Textiles |
-2.4 |
-18.2 |
Furniture and Fixtures |
-11.2 |
-2.8 |
Rubber Products |
-2.0 |
-14.8 |
TABLE 1-B. VOLUME OF PRODUCTION INDEX, November 2007 - December 2007(concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
Beverages |
29.6 |
-5.9 |
|
Food Manufacturing |
6.6 |
1.5 |
|
Petroleum Products |
2.9 |
-0.2 |
|
Footwear and Wearing Apparel* |
8.1 |
-7.5 |
|
Publishing and Printing* |
15.7 |
-9.3 |
|
Electrical Machinery |
1.6 |
2.0 |
|
Non-Metallic Mineral Products |
4.7 |
-0.3 |
|
Furniture and Fixtures |
2.0 |
-1.3 |
|
Rubber Products |
1.5 |
-16.1 |
|
|
|
||
Losers |
Month-on-Month Growth (percent) |
|
|
December 2007 | November 2007 (revised) |
||
Tobacco |
-21.4 |
-1.1 |
|
Basic Metals |
-9.9 |
-5.7 |
|
Transport Equipment |
-10.0 |
-17.0 |
|
Chemical Products |
-3.3 |
7.4 |
|
Fabricated Metal Products* |
-13.1 |
4.8 |
|
Textiles |
-3.5 |
-7.5 |
|
Miscellaneous Manufactures |
-6.8 |
-5.6 |
|
Wood and Wood Products |
-6.5 |
-12.9 |
|
Paper and Paper Products |
-3.0 |
-13.9 |
|
Leather Products* |
-19.0 |
16.6 |
|
Machinery Excluding Electrical* |
-0.7 |
-9.9 |
|
Notes * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based December 2007 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 2007 - December 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
|
||
Petroleum Products |
28.7 |
17.9 |
|
Beverages |
35.9 |
17.7 |
|
Transport Equipment |
25.1 |
22.2 |
|
Chemical Products |
9.3 |
6.7 |
|
Basic Metals |
6.9 |
-36.2 |
|
Fabricated Metal Products* |
18.2 |
0.2 |
|
Machinery Excluding Electrical* |
22.3 |
4.9 |
|
Non-Metallic Mineral Products |
6.8 |
0.1 |
|
Miscellaneous Manufactures |
15.8 |
-5.3 |
|
Paper and Paper Products |
7.3 |
-5.7 |
|
Wood and Wood Products |
12.2 |
30.7 |
|
Furniture and Fixtures |
1.0 |
48.5 |
|
|
|
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
December 2007 |
November 2007 |
|
|
||
Food Manufacturing |
-8.7 |
-8.8 |
Electrical Machinery |
-10.2 |
-13.7 |
Footwear and Wearing Apparel* |
-21.2 |
0.2 |
Tobacco |
-27.1 |
4.2 |
Textiles |
-20.8 |
-27.8 |
Leather Products* |
-63.3 |
-51.5 |
Publishing and Printing* |
-5.9 |
-21.0 |
Rubber Products |
-5.0 |
-13.0 |
TABLE 2-A. VALUE OF NET SALES, November 2007 - December 2007(concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
|
||
Basic Metals |
44.6 |
-19.8 |
|
Beverages |
40.9 |
-3.9 |
|
Chemical Products |
11.1 |
-0.6 |
|
Petroleum Products |
8.1 |
-1.9 |
|
Food Manufacturing |
2.7 |
1.0 |
|
Transport Equipment |
4.1 |
-12.2 |
|
Publishing and Printing* |
13.9 |
-33.4 |
|
Miscellaneous Manufactures |
14.0 |
-18.1 |
|
Non-Metallic Mineral Products |
4.5 |
-8.8 |
|
Footwear and Wearing Apparel* |
3.0 |
-8.2 |
|
Furniture and Fixtures |
17.9 |
-7.6 |
|
|
|
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
December 2007 |
November 2007 |
|
|
||
Tobacco |
-13.1 |
-9.3 |
Fabricated Metal Products* |
-14.3 |
-1.0 |
Textiles |
-6.6 |
-22.4 |
Electrical Machinery |
-1.6 |
-9.8 |
Paper and Paper Products |
-8.8 |
-7.8 |
Wood and Wood Products |
-4.7 |
6.4 |
Machinery Excluding Electrical* |
-1.4 |
-9.7 |
Rubber Products |
-1.4 |
-14.8 |
Leather Products* |
-0.3 |
-0.7 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based December 2007 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 2007 - December 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
Beverages |
34.9 |
16.8 |
|
Transport Equipment |
22.0 |
17.0 |
|
Petroleum Products |
9.6 |
3.1 |
|
Chemical Products |
6.5 |
1.0 |
|
Miscellaneous Manufactures |
36.9 |
11.9 |
|
Fabricated Metal Products* |
19.4 |
1.7 |
|
Machinery Excluding Electrical* |
21.5 |
1.1 |
|
Wood and Wood Products |
16.8 |
36.0 |
|
Paper and Paper Products |
7.0 |
-5.1 |
|
Non-Metallic Mineral Products |
3.9 |
-3.7 |
|
Furniture and Fixtures |
10.6 |
64.7 |
|
|
|
||
Losers |
Year-on-Year Growth (percent) |
|
|
December 2007 | November 2007 (revised) |
||
Food Manufacturing |
-11.7 |
-12.3 |
|
Footwear and Wearing Apparel* |
-22.4 |
0.2 |
|
Tobacco |
-26.8 |
4.6 |
|
Textiles |
-21.1 |
-28.0 |
|
Basic Metals |
-7.1 |
-43.7 |
|
Publishing and Printing* |
-22.2 |
-34.7 |
|
Electrical Machinery |
-2.4 |
-8.6 |
|
Leather Products* |
-65.7 |
-54.7 |
|
Rubber Products |
-5.7 |
-13.0 |
|
TABLE 2-B. VOLUME OF NET SALES, November 2007 - December 2007 (concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
|
||
Basic Metals |
42.6 |
-18.4 |
|
Beverages |
41.0 |
-3.9 |
|
Chemical Products |
12.0 |
-1.1 |
|
Petroleum Products |
5.3 |
-4.6 |
|
Food Manufacturing |
2.4 |
1.8 |
|
Transport Equipment |
4.4 |
-10.8 |
|
Publishing and Printing* |
13.9 |
-33.4 |
|
Miscellaneous Manufactures |
14.4 |
-13.5 |
|
Furniture and Fixtures |
18.7 |
-10.4 |
|
Electrical Machinery |
0.7 |
-8.1 |
|
Non-Metallic Mineral Products |
2.0 |
-7.7 |
|
Footwear and Wearing Apparel* |
1.1 |
-7.5 |
|
Machinery Excluding Electrical* |
1.1 |
-11.2 |
|
|
|
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
December 2007 |
November 2007 |
|
|
||
Tobacco |
-13.1 |
-9.3 |
Fabricated Metal Products* |
-14.7 |
-0.3 |
Textiles |
-6.6 |
-22.3 |
Paper and Paper Products |
-8.7 |
-8.3 |
Wood and Wood Products |
-4.7 |
6.6 |
Rubber Products |
-1.4 |
-15.0 |
Leather Products* |
-0.3 |
-0.7 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based December 2007 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