Monthly Integrated Survey of Selected Industries : December 2018

Reference Number: 

2019-022

Release Date: 

Tuesday, February 5, 2019

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: December 2018 and December 2017

TOTAL MANUFACTURING

DECEMBER
2018
DECEMBER
2017

Production Index (2000=100)

 

 

       Value       (VaPI)

-9.3

-7.1

       Volume    (VoPI)

-10.1

-6.1

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

0.4

-10.9

       Volume     (VoNSI)

-0.4

-9.9

Producer Price Index (2000=100)

0.8r

-1.1

r - revised

 

  • Value of Production Index contracts in December 2018

The Value of Production Index (VaPI) for manufacturing further showed an annual drop of 9.3 percent in December 2018. In the same month of the previous year, VaPI also went down by 7.1 percent.

Printing, with a 78.5 percent decrement, contributed largely to the decrease of VaPI in December 2018. This was followed by four other major industries that registered two-digit decrements in VaPI, namely: chemical products (-28.2%), basic metals (-16.5%), food manufacturing (-15.8%) and tobacco products (-11.1%). Refer to Tables1-A and 1.

  • Volume of Production Index further declines

Volume of Production Index (VoPI) continued to move downward as it posted a decrease of 10.1 percent in December 2018. Likewise, VoPI reported a decline of 6.1 percent in comparison with the figure in the same month of 2017.

Ten out of the 20 industry group registered annual declines, with two-digit decreases noted in the following major industry group: printing (-79.4%), chemical products (-28.9%), tobacco products (-22.1%), food manufacturing (-17.8%), basic metals (-16.7%) and machinery except electrical (-12.6%). Refer to Tables 1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index rebounds

The Value of Net Sales Index (VaNSI) depicted an annual growth of 0.4 percent in December 2018 from a decline of 10.9 percent in the same month of the previous year.

The increment was mainly due to the improved performance in VaNSI of 13 major industry groups, with two-digit increases reported by the following: wood and wood products (29.3%), non-metallic mineral products (21.7%), tobacco products (17.1%), paper and paper products (16.9%), food manufacturing (13.6%), petroleum products (11.2%) and fabricated metal products (10.8%). Refer to Tables 2-A and 3.

  • Volume of Net Sales Index decreases at a slower pace

The Volume of Net Sales Index (VoNSI) slipped to 0.4 percent in December 2018, from a decline of 9.9 percent in December 2017.

Eight out of the 20 major industry groups registered annual declines, with two-digit decreases noted in the following major industry groups: textiles (-35.3%), chemical products (-32.0%), leather products (-23.1%) and printing (-14.4%). Refer to Tables 2-B and 4.

 

Figure 3

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate in December 2018 for total manufacturing was recorded at 84.3 percent. Fifty-five percent or 11 of the 20 major industries operated at least 80 percent capacity utilization rates. These were:

  • petroleum products (89.8%)
  • basic metals (88.9%)
  • machinery except electrical (85.9%)
  • non-metallic mineral products (86.4%)
  • chemical products (85.4%)
  • food manufacturing (85.3%)
  • electrical machinery (84.9%)
  • paper and paper products (83.7%)
  • rubber and plastic products (83.2%)
  • wood and wood products (82.2%)
  • textiles (80.2%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (28.3%) of the total number of establishments in December 2018. About 53.5 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth (18.2%) operated below 70 percent capacity. Refer to Tables B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: December 2018

Capacity Utilization

Percent Share

Below 50%

3.4

50% - 59%

4.3

60% - 69%

10.5

70% - 79%

 20.5

80% - 89%

 33.0

 90% - 100%

 28.3

 

 

 

 

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

 

 

 


 

TABLE 1-A Value of Production Index, November 2018 and December 2018

(2000 =100)

Industry Group

Year-on-Year Growth (%)

December 2018
November 2018
(revised)

Gainers

 

 

Petroleum products

16.3

35.7

Electrical machinery

5.8

19.0

Textiles

57.0

53.7

Beverages

19.0

25.0

Non-metallic mineral products

10.8

6.9

Paper and paper products

9.7

21.2

Rubber and plastic products

5.2

-0.2

Footwear and wearing apparel

3.5

-6.5

Wood and wood products

12.3

2.4

Leather products

12.3

-8.6

Miscellaneous manufactures

1.2

25.2

Losers

 

 

Food manufacturing

-15.8

-12.3

Chemical products

-28.2

-2.7

Printing

-78.5

-72.2

Basic Metals

-16.5

3.6

Machinery except electrical

-4.1

-7.5

Transport equipment

-6.6

4.0

Tobacco products

-11.1

34.8

Fabricated metal products

-8.5

-0.3

Furniture and fixtures

-9.8

3.9

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based December 2018 growth rate.
 
 
 

TABLE 1-B  Volume of Production Index, November 2018 and December 2018

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

December 2018
November 2018
(revised)

Gainers

 

 

Textiles

49.7

43.4

Petroleum products      

7.4

21.3

Beverages

5.8

11.3

Rubber and plastic products

5.8

0.5

Miscellaneous manufactures

6.4

34.2

Non-metallic mineral products

3.5

0.4

Wood and wood products

18.6

6.2

Leather products

35.1

-2.5

Paper and paper products

2.2

15.6

Furniture and fixtures

0.4

16.6

Losers

 

 

Food manufacturing

-17.8

-14.2

Chemical products

-28.9

-2.6

Machinery except electrical

-12.6

-14.0

Printing

-79.4

-73.3

Basic metals

-16.7

-0.9

Tobacco products

-22.1

12.3

Transport equipment

-8.2

2.0

Electrical machinery

-0.9

12.0

Fabricated metal products

-9.5

-0.5

Footwear and wearing apparel

-0.3

-8.3

 

Notes:    Major Industries are ranked according to their contribution to the overall 2000-based December 2018 growth rate.
 
 
 
TABLE 2-A  Value of Net Sales Index, November 2018 and December 2018

(2000 =100)

Industry Group

Year-on-Year Growth (%)

December 2018
November 2018
(revised)

Gainers

 

 

Food manufacturing

13.6

15.2

Electrical machinery

9.5

17.4

Petroleum products

11.2

19.9

Machinery except electrical

7.3

8.3

Non-metallic mineral products

21.7

6.7

Paper and paper products

16.9

19.6

Beverages

5.2

18.9

Footwear and wearing apparel

5.3

3.6

Wood and wood products

29.3

11.1

Fabricated metal products

10.8

2.0

Rubber and plastic products

6.6

6.7

Miscellaneous manufactures

1.3

18.5

Tobacco products

17.1

3.9

Losers

 

 

Chemical products

-32.2

8.3

Textiles

-32.4

-36.8

Basic metals

-3.0

-5.9

Printing

-10.7

-3.3

Leather products

-35.9

-43.7

Furniture and fixtures

-6.4

10.3

Transport equipment

-0.9

4.4

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based December 2018 growth rate.

 

 

 

TABLE 2-B  Volume of Net Sales Index, November 2018 and December 2018

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

December 2018
November 2018
 (revised)

Gainers

 

 

Food manufacturing

13.4

15.1

Non-metallic mineral products

12.5

-1.0

Electrical machinery

1.7

9.7

Paper and paper products

11.5

16.8

Petroleum products

1.8

6.2

Wood and wood products

35.8

14.7

Fabricated metal products

9.7

1.8

Rubber and plastic products

9.8

10.0

Tobacco products

3.0

-13.2

Footwear and wearing apparel

1.9

2.0

Miscellaneous manufactures

1.3

20.7

Furniture and fixtures

0.7

19.8

Losers

 

 

Chemical products

-32.0

9.6

Textiles

-35.3

-40.8

Machinery except electrical

-4.6

-1.9

Beverages

-7.9

4.2

Printing

-14.4

-7.3

Basic metals

-2.9

-9.7

Leather products

-23.1

-40.2

Transport equipment

-0.4

4.8

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based December 2018 growth rate.
 

 

 

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