Total Manufacturing | December 2011 | November 2011 |
---|---|---|
Year-on-Year Growth | ||
Production Index (2000=100) | ||
Value (VaPI) | -6.4 | -4.0r |
Volume (VoPI) | -7.8 | -6.4r |
Net Sales Index (2000=100) | ||
Value (VaNSI) | 0.6 | 6.7r |
Volume (VoNSI) | -1.0 | 4.1r |
Producer Price Index (2000=100) | 1.6r | 2.5 |
r-revised
- Value of Production further declines in December 2011
Value of Production Index (VaPI) for total manufacturing continues to decelerate as it posted an annual decrease of 6.4 percent in December 2011, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The decreases in production value were exhibited by nine (9) major sectors, with double-digit decreases noted in the following: food manufacturing (-27.1%), fabricated metal products (-19.3%), machinery except electrical (-18.8%), leather products (-14.5%), basic metals (-14.4%), paper and paper products (-12.1%) and textiles (-12.0%). Refer to Tables 1-A and 1.
On a month-on-month comparison, VaPI gained at a slower rate of 1.3 percent in December 2011. Significant expansion in production was recorded by footwear and wearing apparel, with an increase of 50.1 percent. Other three major sectors that registered double-digit increases were as follow: publishing and printing (17.7%), wood and wood products (15.3%), and rubber and plastic products (10.6%). Refer to Tables 1-A and 1.
- Volume of Production also decreases in December 2011.
Volume of Production Index (VoPI) likewise posted a year-on-year drop of 7.8 percent in December 2011. Nine major sectors contributed to the decline in VoPI, with double-digit decreases noted in the following: machinery except electrical (-27.6%), food manufacturing (-27.3%), paper and paper products (-18.7%), basic metals (-17.9%), fabricated metal products (-17.3%), leather products (-14.5%) and textiles (-10.5%). Refer to Tables 1-B and 2.
On a monthly basis, VoPI posted a slower increase of 0.9 percent in December 2011. Ten major sectors accounted for the significant growth in VoPI led by footwear and wearing apparel (49.8%), publishing and printing (17.7%), wood and wood products (15.3%), and rubber and plastic products (11.4%). Refer to Tables 1-B and 2.
Value of Net Sales accelerates in February 2011
On a year-on-year basis, Value of Net Sales Index (VaNSI) recorded a two-digit increment of 10.3 percent in February 2011. This was attributed to the improved sales performance of the following major sectors: miscellaneous manufactures, footwear and wearing apparel, rubber and plastic products, petroleum products, beverages, food manufacturing, chemical products, leather products and electrical machinery. Refer to Tables 2-A and 3.
Likewise, on a month-on-month comparison, VaNSI rose 6.5 percent in February 2011 from the previous month�s decline of 11.8 percent. Twelve major sectors brought about the increase with two-digit increment in sales value led by miscellaneous manufactures and petroleum products. Refer to Tables 2-A and 3.
· Volume of Net Sales expands in February 2011
Volume of Net Sales Index (VoNSI) reflected a two-digit annual increment of 11.8 percent in February 2011. The sectors that mainly influenced the increase were the following: miscellaneous manufactures, footwear and wearing apparel, furniture and fixtures, beverages, electrical machinery, chemical products and rubber and plastic products. Refer to Tables 2-B and 4.
On a monthly comparison, VoNSI also climbed 6.6 percent in February 2011. Twelve major sectors significantly contributed to the increment in sales volume led by miscellaneous manufactures w
ith 56.1 percent growth. Refer to Tables 2-B and 4.
- Capacity Utilization
Average capacity utilization in December 2011 for total manufacturing stood at 83.3 percent. Ten of the 20 major sectors registered capacity utilization rates of more than 80 percent, namely: basic metals (87.2%), petroleum products (86.8%), food manufacturing (86.6%), electrical machinery (85.7%), non-metallic mineral products (84.8%), chemical products (83.5%), rubber and plastic products (82.6%), paper and paper products (82.3%), machinery except electrical (81.6) and miscellaneous manufactures (81.2%). Refer to Table 6.
The proportion of establishments that operated at full capacity (90% to 100%) was 17.1 percent in December 2011. About 59.0 percent of the establishments operated at 70% to 89% capacity while 23.9 percent of the establishments operated below 70% capacity.
Capacity Utilization | Percent Share |
---|---|
Below 50 percent | 6.1 |
50 percent - 59 percent | 6.8 |
60 percent - 69 percent | 11.0 |
70 percent - 79 percent | 18.9 |
80 percent - 89 percent | 40.1 |
90 percent - 100 percent | 17.1 |
- Response Rates
The response rates for the December 2011 MISSI and PPS are 85.1 percent and 94.7 percent, respectively. Refer to Tables 7 and 8
December 2011 | November 2011 (revised) |
|
---|---|---|
MISSI | 85.1 | 92.1r |
PPS | 94.7r | 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 |
Gainers | Year-on-Year Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Chemical Products |
50.3 |
28.0 |
Rubber and Plastic Products* |
34.1 |
14.2 |
Tobacco Products |
43.6 |
14.8 |
Petroleum Products |
7.8 |
18.5 |
Beverages |
7.9 |
19.9 |
Footwear and Wearing Apparel |
11.7 |
-9.6 |
Publishing and Printing |
28.0 |
6.8 |
Transport Equipment |
6.1 |
-19.5 |
Non-Metallic Mineral Products |
7.9 |
12.7 |
Furniture and Fixtures |
20.2 |
39.3 |
Wood and Wood Products |
7.9 |
-32.5 |
Losers | Year-on-Year Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Food Manufacturing |
-27.1 |
-21.9 |
Machinery Except Electrical |
-18.8 |
-21.2 |
Electrical Machinery |
-6.6 |
-1.1 |
Basic Metals |
-14.4 |
-7.3 |
Fabricated Metal Products |
-19.3 |
-6.6 |
Paper and Paper Products |
-12.1 |
-0.4 |
Textiles |
-12.0 |
-11.4 |
Miscellaneous Manufactures |
-9.9 |
-11.8 |
Leather Products |
-14.5 |
-21.3 |
Gainers | Month-on-Month Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Footwear and Wearing Apparel |
50.1 |
-10.5 |
Electrical Machinery |
2.1 |
42.6 |
Chemical Products |
4.7 |
4.0 |
Rubber and Plastic Products* |
10.6 |
0.2 |
Transport Equipment |
6.5 |
-14.8 |
Basic Metals |
4.8 |
15.8 |
Publishing and Printing |
17.7 |
4.9 |
Wood and Wood Products |
15.3 |
-22.2 |
Machinery Except Electrical |
0.2 |
-0.4 |
Textiles |
0.4 |
-11.6 |
Leather Products |
3.2 |
-18.5 |
Losers | Month-on-Month Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Tobacco Products |
-23.5 |
8.9 |
Miscellaneous Manufactures |
-11.1 |
-4.4 |
Food Manufacturing |
-1.2 |
10.2 |
Fabricated Metal Products |
-12.5 |
-3.2 |
Paper and Paper Products |
-8.5 |
-2.0 |
Petroleum Products |
-0.7 |
1.4 |
Furniture and Fixtures |
-5.8 |
5.9 |
Non-Metallic Mineral Products |
-0.9 |
-0.7 |
Beverages |
-0.5 |
2.9 |
Notes:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based December 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.
Gainers | Year-on-Year Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Chemical Products |
53.6 |
32.3 |
Furniture and Fixtures |
141.9 |
159.5 |
Rubber and Plastic Products* |
31.7 |
10.6 |
Tobacco Products |
37.3 |
9.7 |
Beverages |
12.1 |
24.5 |
Footwear and Wearing Apparel |
12.4 |
-8.8 |
Non-Metallic Mineral Products |
12.4 |
16.6 |
Publishing and Printing |
28.0 |
6.8 |
Transport Equipment |
2.5 |
-22.1 |
Miscellaneous Manufactures |
2.7 |
0.3 |
Wood and Wood Products |
7.8 |
-32.6 |
Losers | Year-on-Year Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Food Manufacturing |
-27.3 |
-22.6 |
Machinery Except Electrical |
-27.6 |
-30.3 |
Electrical Machinery |
-9.1 |
-4.8 |
Basic Metals |
-17.9 |
-11.6 |
Petroleum Products |
-6.0 |
-0.3 |
Paper and Paper Products |
-18.7 |
-6.7 |
Fabricated Metal Products |
-17.3 |
-4.4 |
Textiles |
-10.5 |
-11.0 |
Leather Products |
-14.5 |
-20.8 |
Gainers | Month-on-Month Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Footwear and Wearing Apparel |
49.8 |
-9.6 |
Electrical Machinery |
1.8 |
42.1 |
Rubber and Plastic Products* |
11.4 |
1.2 |
Chemical Products |
3.8 |
5.9 |
Transport Equipment |
5.7 |
-13.5 |
Publishing and Printing |
17.7 |
4.9 |
Basic Metals |
3.1 |
15.8 |
Wood and Wood Products |
15.3 |
-22.2 |
Textiles |
0.4 |
-11.5 |
Leather Products |
2.6 |
-18.6 |
Gainers | Month-on-Month Growth (%) | |
December 2011 | November 2011 (revised) |
|
Tobacco Products |
-23.5 |
8.9 |
Food Manufacturing |
-1.1 |
11.6 |
Miscellaneous Manufactures |
-9.4 |
-4.8 |
Paper and Paper Products |
-9.5 |
-5.7 |
Fabricated Metal Products |
-12.5 |
-3.0 |
Machinery Except Electrical |
-1.5 |
-0.7 |
Petroleum Products |
-0.7 |
2.5 |
Non-Metallic Mineral Products |
-1.9 |
-0.5 |
Beverages |
-0.5 |
2.9 |
Furniture and Fixtures |
-2.0 |
11.4 |
Notes
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based December 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.
Gainers | Year-on-Year Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Chemical Products |
42.0 |
40.7 |
Petroleum Products |
12.6 |
16.8 |
Non-Metallic Mineral Products |
8.0 |
10.2 |
Publishing and Printing |
12.9 |
8.3 |
Rubber and Plastic Products* |
10.7 |
5.7 |
Wood and Wood Products |
21.5 |
11.8 |
Beverages |
0.2 |
19.2 |
Losers | Year-on-Year Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Electrical Machinery |
-14.5 |
-6.3 |
Transport Equipment |
-18.2 |
-11.1 |
Food Manufacturing |
-4.0 |
3.5 |
Footwear and Wearing Apparel |
-16.7 |
-6.7 |
Miscellaneous Manufactures |
-22.6 |
-8.9 |
Tobacco Products |
-19.0 |
-21.0 |
Machinery Except Electrical |
-2.8 |
-0.2 |
Fabricated Metal Products |
-17.7 |
-9.8 |
Basic Metals |
-4.4 |
-2.3 |
Textiles |
-9.9 |
-12.3 |
Paper and Paper Products |
-7.4 |
-2.4 |
Furniture and Fixture |
-13.1 |
-16.7 |
Leather Products |
-31.1 |
-2.7 |
Gainers | Month-on-Month Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Petroleum Products |
7.8 |
-8.8 |
Footwear and Wearing Apparel |
12.4 |
-6.4 |
Transport Equipment |
7.8 |
-25.8 |
Basic Metals |
5.6 |
13.4 |
Wood and Wood Products |
13.7 |
-14.4 |
Food Manufacturing |
0.4 |
6.6 |
Beverages |
1.4 |
4.4 |
Rubber and Plastic Products* |
3.4 |
0.8 |
Losers | Month-on-Month Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Electrical Machinery |
-3.5 |
-13.0 |
Chemical Products |
-7.0 |
2.9 |
Tobacco Products |
-18.3 |
-9.5 |
Paper and Paper Products |
-13.0 |
3.2 |
Non-Metallic Mineral Products |
-8.0 |
0.6 |
Machinery Except Electrical |
-1.9 |
0.4 |
Miscellaneous Manufactures |
-8.0 |
-13.1 |
Furniture and Fixtures |
-13.3 |
4.4 |
Fabricated Metal Products |
-5.7 |
-6.1 |
Leather Products |
-18.3 |
-23.4 |
Publishing and Printing |
-0.7 |
5.6 |
Textiles |
-0.3 |
-12.6 |
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based December 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.
Gainers | Year-on-Year Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Chemical Products |
44.8 |
45.4 |
Furniture and Fixtures |
74.8 |
55.1 |
Non-Metallic Mineral Products |
12.5 |
14.0 |
Beverages |
4.1 |
23.8 |
Publishing and Printing |
12.9 |
8.3 |
Wood and Wood Products |
21.4 |
11.7 |
Rubber and Plastic Products* |
8.7 |
2.4 |
Losers | Year-on-Year Growth (%) | |
December 2011 | November 2011 (revised) |
|
Electrical Machinery |
-16.8 |
-9.8 |
Machinery Except Electrical |
-13.4 |
-11.7 |
Transport Equipment |
-21.0 |
-14.0 |
Food Manufacturing |
-4.4 |
2.4 |
Footwear and Wearing Apparel |
-16.3 |
-6.0 |
Tobacco Products |
-22.6 |
-24.6 |
Basic Metals |
-8.3 |
-6.9 |
Paper and Paper Products |
-14.2 |
-8.6 |
Miscellaneous Manufactures |
-11.7 |
3.7 |
Fabricated Metal Products |
-15.8 |
-7.6 |
Petroleum Products |
-1.9 |
-1.7 |
Textiles |
-8.3 |
-11.9 |
Leather Products |
-31.2 |
-2.2 |
Gainers | Month-on-Month Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Petroleum Products |
7.7 |
-7.8 |
Footwear and Wearing Apparel |
12.1 |
-5.5 |
Transport Equipment |
7.0 |
-24.6 |
Basic Metals |
3.9 |
13.4 |
Food Manufacturing |
0.6 |
8.0 |
Wood and Wood Products |
13.7 |
-14.4 |
Beverages |
1.4 |
4.4 |
Rubber and Plastic Products* |
4.2 |
1.7 |
Losers | Month-on-Month Growth (%) | |
---|---|---|
December 2011 | November 2011 (revised) |
|
Chemical Products |
-7.8 |
14.5 |
Electrical Machinery |
-3.8 |
-13.3 |
Tobacco Products |
-18.3 |
9.5 |
Machinery Except Electrical |
-3.6 |
-4.7 |
Non-Metallic Mineral Products |
-8.9 |
0.9 |
Paper and Paper Products |
-14.0 |
-0.7 |
Miscellaneous Manufactures |
-6.2 |
-13.4 |
Fabricated Metal Products |
-5.7 |
-5.9 |
Furniture and Fixtures |
-9.9 |
9.8 |
Leather Products |
-18.8 |
-23.4 |
Publishing and Printing |
-0.7 |
5.6 |
Textiles |
-0.3 |
-12.5 |
Note:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based December 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.
Source: National Statistics Office
Manila, Philippines