Monthly Integrated Survey of Selected Industries : December 2016

Reference Number: 

2017-015

Release Date: 

Friday, February 10, 2017

 

 

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: December 2016 and December 2015
 

TOTAL MANUFACTURING

DECEMBER
2016
DECEMBER
2015

        Production Index (2000=100)

 

 

       Value       (VaPI)

19.4

-2.7

       Volume    (VoPI)

23.0

5.0

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

11.6

-5.9

       Volume     (VoNSI)

14.9

1.6

        Producer Price Index (2000=100)

-2.9

-7.4

                                                   r - revised

 

  • Value of Production Index posts a two-digit growth in December 2016

Value of Production Index (VaPI) for manufacturing climbed to 19.4 percent in December 2016 from the negative 2.7 percent during the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was attributed to the positive growth of 14 out of the 20 major sectors, with significant contribution of the heavily weighted sector of petroleum products, increasing by 73.5 percent. Other sectors with two-digit annual growth were fabricated metal products (41.0%), food manufacturing (37.7%), transport equipment (35.6%), wood and wood products (28.0%), basic metals (16.7%), beverages (14.4%), paper and paper products (12.8%), tobacco products (10.7%) and rubber and plastic products (10.5%). Refer to Tables 1-A and 1.

 

  • Volume of Production Index also accelerates

Volume of Production Index (VoPI) increased as it posted an annual growth of about 23.0 percent in December 2016 compared with the 5.0 percent increase during the same month the previous year. The increase was brought about by the robust production performance in VaPI of 14 major sectors, showing two-digit increments: petroleum products (63.2%), fabricated metal products (41.5%), food manufacturing (35.1%), transport equipment (34.3%), wood and wood products (27.5%), machinery except electrical (23.1%), basic metals (21.2%), paper and paper products (13.6%), rubber and plastic products (13.1%), chemical products (12.0%) and  tobacco products (10.5%). Refer to  Tables 1-B and 2.

 

 

  • Value of Net Sales Index rebounds

Value of Net Sales Index (VaNSI) went up by 11.6 percent, recovering  from a negative  5.9 percent  in December 2015. Among the 15 major sectors reporting increments in VaNSI, nine major sectors significantly contributed to the increase, namely: basic metals (57.2%), leather products (31.7%), tobacco products (24.3%), petroleum products (23.7%), wood and wood products (23.5%), transport equipment (20.7%), machinery except electrical (13.0%), electrical machinery (11.0%) and chemical products (10.5%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index posts two-digit increment

Volume of Net Sales Index (VoNSI) rose by 14.9 percent in December 2016, after registering a minimal increase of 1.6 percent during the same month of the previous year. Sectors that largely contributed to the growth in VoNSI were observed in the following: basic metals (63.2%), leather products (44.7%), machinery except electrical (27.8%), tobacco products (24.1%), wood and wood products (23.0%), transport equipment (19.6%), petroleum products (16.3%), electrical machinery (14.6%), chemical products (12.6%) and rubber and plastic products (11.4%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate in December 2016 is 83.9 percent with petroleum products posting the highest among industries

Average capacity utilization rate in December 2016 for total manufacturing was recorded at 83.9 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

  • petroleum products (88.8%)
  • basic metals (88.4%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (85.4%)
  • food manufacturing (85.3%)
  • chemical products (85.2%)
  • electrical machinery (84.5%)
  • paper and paper products (83.6%)
  • rubber and plastic products (82.9%)
  • wood and wood products (81.2%)
  • printing (80.3%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was recorded almost one-fourth of the total number of establishment (24.2%) in December 2016. About 58.1 percent of the establishments operated at 70 percent to 89 percent capacity while 17.7 percent of the establishments operated below 70 percent capacity. Refer to Table B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: December 2016

Capacity Utilization

Percent Share

Below 50%

   2.6

50% - 59%

   5.2

60% - 69%

   9.9

70% - 79%

 24.1

80% - 89%

 34.0

 90% - 100%

 24.2

 

  • 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.

 

2009 PSIC CODE

INDUSTRY DESCRIPTION

C10

Food manufacturing *

C11

Beverages

C12

Tobacco products

C13

Textiles*

C14, C152

Footwear and wearing apparel

C151

Leather products

C16

Wood and wood products*     

C17

Paper and paper products

C18

Printing

C19

Petroleum products*

C20,C21

Chemical products*

C22

Rubber and plastic products*     

C23

Non-metallic mineral products*

C24

Basic metals*          

C25,C3311

Fabricated metal products

C262,C275,C28,

C263,C268,C3312,C332

Machinery except electrical*

C261,C264,C27,

C29301,C3314,C332

Electrical machinery*

C29 except C29301,

C30,C3315

Transport equipment

C31

Furniture and fixtures

C265,C266,C267,C32, C3313,C3319

Miscellaneous manufactures

Note:  * - Major industries categorized  into sub-industries

 

  • Response Rate         

The response rates for the December 2016 MISSI and PPS are 78.6 and 84.7 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

December 2016

November 2016
(Revised)

MISSI

78.6

87.4r

PPS

84.7r

88.3r

 

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.

 

                     

 

                                                                                                                    

                            LISA GRACE S. BERSALES, Ph.D.
                            National Statistician and Civil Registrar General
                                                                                                                                    

 

 

 

 

 

TABLE 1-A Value of Production Index, November 2016 and December 2016

   (2000 =100)

Gainers

Year-on-Year Growth (%)

December 2016
November 2016
(revised)

Petroleum products

73.5

69.0

Food manufacturing

37.7

28.3

Transport equipment

35.6

40.7

Machinery except electrical

8.8

-13.4

Basic metals

16.7

-1.7

Chemical products

9.8

4.7

Beverages

14.4

14.0

Fabricated metal products

41.0

-25.4

Electrical machinery

2.3

-3.4

Rubber and plastic products

10.5

14.9

Paper and paper products

12.8

6.7

Tobacco products

10.7

11.3

Wood and wood products

28.0

4.4

Printing

7.4

-15.7

 

Losers

Year-on-Year Growth (%)

December 2016
November 2016
(revised)

Non-metallic mineral products

-10.5

-2.2

Furniture and fixtures

-33.8

-19.0

Leather products

-82.7

-81.3

Footwear and wearing apparel

-4.9

-5.2

Textiles

-3.2

10.1

Miscellaneous manufactures

-1.7

-1.3

 

 

 

 

Notes:   Major Industries are ranked according to their contribution to the overall 2000-based December 2016 growth rate.
            Year-on-year growth rates are computed by dividing the current month index by previous year
             same month index less 1.

       

 

 

TABLE 1-B  Volume of Production Index, November 2016 and December 2016

(2000 = 100)

Gainers

Year-on-Year Growth (%)

December 2016
November 2016
(revised)

Petroleum products

63.2

80.9

Food manufacturing

35.1

26.3

Machinery except electrical          

23.1

-2.2

Transport equipment

34.3

42.1

Electrical machinery

5.6

-1.6

Basic metals

21.2

4.4

Chemical products

12.0

6.6

Fabricated metal products

41.5

-25.3

Beverages

9.1

8.7

Rubber and plastic products

13.1

18.0

Paper and paper products

13.6

8.3

Tobacco products

10.5

11.1

Wood and wood products

27.5

0.4

Printing

7.0

-16.0

 

Losers

Year-on-Year Growth (%)

December 2016
November 2016

(revised)

Non-metallic mineral products

-10.6

-3.4

Leather products

-81.1

-78.9

Miscellaneous manufactures

-7.6

-7.8

Furniture and fixtures

-17.6

-1.6

Footwear and wearing apparel

-3.2

-4.0

Textiles

-4.0

9.2

 

Notes:   Major Industries are ranked according to their contribution to the overall 2000-based December 2016 growth rate.
            Year-on-year growth rates are computed by dividing the current month index by previous year
             same month index less 1.

 

 

 

 

TABLE 2-A  Value of Net Sales Index, November 2016 and December 2016

(2000 =100)

Gainers

Year-on-Year Growth (%)

December 2016
November 2016
(revised)

Petroleum products

23.7

9.1

Basic metals

57.2

18.3

Electrical machinery

11.0

9.2

Machinery except electrical

13.0

25.3

Food manufacturing

6.1

10.7

Chemical products

10.5

5.6

Transport equipment

20.7

29.0

Tobacco products

24.3

-13.8

Non-metallic mineral products

7.5

8.1

Miscellaneous manufactures

7.5

-0.2

Wood and wood products

23.5

32.7

Rubber and plastic products

8.8

14.7

Leather products

31.7

15.6

Fabricated metal products

1.9

-27.2

Beverages

0.5

-5.4

 

Losers

Year-on-Year Growth (%)

December 2016
November 2016
(revised)

Footwear and wearing apparel

-13.1

-11.9

Printing

-22.2

-15.7

Textiles

-8.6

11.2

Paper and paper products

-7.3

5.3

Furniture and fixtures

-16.3

-9.6

 
Notes:   Major Industries are ranked according to their contribution to the overall 2000-based December 2016 growth rate.
            Year-on-year growth rates are computed by dividing the current month index by previous year
             same month index less 1.

 

 

TABLE 2-B  Volume of Net Sales Index, November 2016 and December 2016

(2000 = 100)

Gainers

Year-on-Year Growth (%)

December 2016
November 2016
(revised)

Basic metals

63.2

25.6

Machinery except electrical

27.8

41.5

Electrical machinery

14.6

11.1

Petroleum products

16.3

16.8

Chemical products

12.6

7.4

Transport equipment

19.6

30.3

Food manufacturing

4.0

9.0

Tobacco products

24.1

-13.9

Non-metallic mineral products

7.4

6.7

Rubber and plastic products

11.4

17.8

Wood and wood products

23.0

27.6

Leather products

44.7

31.0

Fabricated metal products

2.3

-27.2

Furniture and fixtures

4.2

9.9

Miscellaneous manufactures

1.0

-6.8

 

Losers

Year-on-Year Growth (%)

December 2016
November 2016
(revised)

Footwear and wearing apparel

-11.6

-10.8

Printing

-22.5

-16.0

Beverages

-4.2

-9.9

Textiles

-9.3

10.4

Paper and paper products

-6.6

6.9

 
Notes:   Major Industries are ranked according to their contribution to the overall 2000-based December 2016 growth rate.
            Year-on-year growth rates are computed by dividing the current month index by previous year
             same month index less 1.

 

 

Attachment: 

Tags: