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Release Date :
Reference Number :
2018-029

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: December 2017 and December 2016

TOTAL MANUFACTURING

DECEMBER
2017
DECEMBER
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

- 10.3

16.6

       Volume    (VoPI)

- 9.7

21.7

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

- 15.0

17.8

       Volume     (VoNSI)

- 13.4

23.0

        Producer Price Index (2000=100)

- 1.8r

- 4.2

                                                   r - revised

 

  • Value of Production Index posts two-digit decline in December 2017

The Value of Production Index (VaPI) for manufacturing recorded a two-digit annual drop of 10.3 percent in December 2017 from 16.6 percent growth in the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The reduction in VaPI was exhibited by 10 out of 20 major sectors, with two-digit decreases noted in the following: chemical products (-68.2%), footwear and wearing apparel (-43.9%), tobacco products (-30.8%), textiles (-30.1%), and leather products (-12.4%). Refer to Tables1-A and 1.

  • Volume of Production Index further drops

The Volume of Production Index (VoPI) slipped at the rate of 9.7 percent in December 2017 compared with  the two-digit growth of 21.7 percent during the same month of the previous year.This decrease was attributed to the contraction in VoPI in the following major sectors: chemical products (-67.3%), footwear and wearing apparel (-42.9%), tobacco products (-31.8%) and textiles (-30.5%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index continues to decelerate

The Value of Net Sales Index (VaNSI) went down by 15.0 percent in December 2017 from a two-digit growth of 17.8 percent in the same month of the previous year. This was attributed to decreases in VaNSI observed in eight major sectors and influenced by the heavily weighted sector of chemical products, with a 63.1 percent decline. Five other major sectors with two-digit decreases were: leather products (-23.1%), footwear and wearing apparel (-22.6%), transport equipment (-22.1%), wood and wood products (-17.5%) and tobacco products (-14.7%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index contracts

The Volume of Net Sales Index (VoNSI) also went down, recording a decrease of 13.4 percent inDecember 2017. The decline in VoNSI was mainly contributed by the decreases noted in seven major sectors, offsetting the increases reported by 13 major sectors. Five major sectors that registered two-digit decreases in VoNSI were as follows: chemical products (-62.2%), transport equipment (-20.3%), wood and wood products (-17.3%), tobacco products (-16.3%) and footwear and wearing apparel (-15.0%) and Refer to Tables 2-B and 4.

 

 
 
  • Average Capacity Utilization Rate in December 2017 is 84.0 percent with petroleum products posting the highest among industries

Average capacity utilization rate in December 2017 for total manufacturing was recorded at  84.0 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (89.4%)
  • basic metals (88.9%)
  • non-metallic mineral products (86.6%)
  • machinery except electrical (85.6%)
  • food manufacturing (85.2%)
  • electrical machinery (84.6%)
  • chemical products (84.0%)
  • paper and paper products (83.6%)
  • rubber and plastic products (83.0%)
  • wood and wood products (81.5%)
  • printing (81.0%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded at more than one-fourth of the total number of establishments (27.3%) in December 2017. About 53.4 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (19.3%) 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 2017

Capacity Utilization

Percent Share

Below 50%

   3.9

50% - 59%

   4.7

60% - 69%

 10.8

70% - 79%

 21.0

80% - 89%

 32.4

 90% - 100%

 27.3

 

  • Response Rate

The response rates for the December 2017 MISSI and PPS were registered at 83.0 percent and 86.3 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

December 2017

November 2017
(Revised)

MISSI

83.0

90.4r

PPS

86.3r

90.7r

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

 

 

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

 


 
 

TABLE 1-A Value of Production Index, November 2017 and December 2017

   (2000 =100)

Gainers

Year-on-Year Growth (%)

December 2017
November 2017
(revised)

Petroleum products

30.0

24.8

Basic metals

61.1

57.0

Printing

83.6

28.6

Non-metallic mineral products

22.9

24.7

Beverages

12.1

2.7

Electrical machinery

1.9

8.6

Miscellaneous manufactures

16.1

4.3

Furniture and fixtures

33.1

15.5

Machinery except electrical

2.0

19.8

Paper and paper products

5.6

1.4

 
 
Losers

Year-on-Year Growth (%)

December 2017
November 2017
(revised)

Chemical products

-68.2

-63.7

Footwear and wearing apparel

-43.9

-24.2

Tobacco products

-30.8

-47.4

Textiles

-30.1

-32.3

Food manufacturing

-1.7

-4.0

Transport equipment

-4.0

-0.9

Fabricated metal products

-9.2

14.3

Wood and wood products

-7.2

16.2

Leather products

-12.4

-5.8

Rubber and plastic products

-0.9

-11.8

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based December 2017 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 2017 and December 2017
(2000 = 100)
 
 
Gainers

Year-on-Year Growth (%)

December 2017
November 2017
(revised)

Petroleum products

26.3

14.4

Basic metals

55.1

50.7

Printing

79.2

25.5

Non-metallic mineral products

27.9

30.7

Beverages

12.3

2.9

Furniture and fixtures

55.7

33.1

Fabricated metal products

27.2

59.1

Food manufacturing

1.8

-1.0

Miscellaneous manufactures

8.5

-1.7

Rubber and plastic products

5.3

-6.4

Paper and paper products

7.5

5.2

Leather products

11.6

22.4

 
 
Losers

Year-on-Year Growth (%)

December 2017
November 2017
(revised)

Chemical products

-67.3

-62.7

Footwear and wearing apparel

-42.9

-22.6

Tobacco products

-31.8

-48.3

Textiles

-30.5

-32.6

Electrical machinery

-1.1

6.1

Machinery except electrical          

-1.0

15.9

Transport equipment

-1.0

2.1

Wood and wood products

-7.4

16.1

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based December 2017 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 2017 and December 2017

(2000 =100)

Gainers

Year-on-Year Growth (%)

December 2017
November 2017
(revised)

Machinery except electrical

49.2

17.6

Electrical machinery

12.1

6.6

Basic metals

34.6

40.0

Petroleum products

14.1

23.7

Textiles

46.0

36.8

Printing

45.2

32.6

Beverages

10.0

2.8

Food manufacturing

2.3

0.7

Furniture and fixtures

25.0

18.7

Rubber and plastic products

10.7

8.4

Paper and paper products

6.1

16.8

Non-metallic mineral products

2.0

19.7

 
 

Losers

Year-on-Year Growth (%)

December 2017

November 2017
(revised)

Chemical products

-63.1

-62.4

Transport equipment

-22.1

12.0

Footwear and wearing apparel

-22.6

-17.5

Tobacco products

-14.7

36.1

Wood and wood products

-17.5

-13.4

Fabricated metal products

-4.9

13.6

Miscellaneous manufactures

-3.1

9.9

Leather products

-23.1

-3.2

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based December 2017 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 2017 and December 2017
(2000 = 100)
 
 
Gainers

Year-on-Year Growth (%)

December 2017
November 2017
 (revised)

Machinery except electrical

51.3

18.2

Electrical machinery

11.1

6.1

Basic metals

30.8

34.7

Petroleum products

10.9

13.5

Textiles

45.0

35.9

Food manufacturing

4.3

2.5

Beverages

12.0

4.7

Fabricated metal products

35.6

59.3

Printing

41.9

29.5

Furniture and fixtures

55.1

43.9

Non-metallic mineral products

7.6

27.1

Rubber and plastic products

14.7

12.4

Paper and paper products

6.3

17.4

 
  
Losers

Year-on-Year Growth (%)

December 2017

November 2017
(revised)

Chemical products

-62.2

-62.0

Transport equipment

-20.3

14.3

Footwear and wearing apparel

-15.0

-16.0

Tobacco products

-16.3

33.6

Wood and wood products

-17.3

-13.0

Miscellaneous manufactures

-3.0

10.4

Leather products

-2.4

24.3

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based December 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

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