Monthly Integrated Survey of Selected Industries: December 2019

Reference Number: 

2020-028

Release Date: 

Wednesday, February 5, 2020

 

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

and Producer Price Index: December 2019 and December 2018

(In Percent)

TOTAL MANUFACTURING

DECEMBER
2019
DECEMBER
2018

Production Index (2000=100)

 

 

       Value       (VaPI)

-9.5

-9.1

       Volume    (VoPI)

-10.1

-9.3

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

-3.0

-1.4

       Volume     (VoNSI)

-3.6

-1.6

Producer Price Index (2000=100)

0.6r

0.2

r - revised

 

  • Value of Production Index decelerates in December 2019

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), the Value of Production Index (VaPI) showed an annual drop of 9.5 percent in December 2019. In the same month of the previous year, VaPI also went down by 9.1 percent.

The decline in VaPI was mainly influenced by the decreases in the indices of nine major industry groups led by basic metals (-50.6%), petroleum products (-48.8%) and textiles (-11.9%). Refer to Tables 1 and 1-A.

 

  • Volume of Production Index registers two-digit decline

The Volume of Production Index (VoPI) continued to fall at an annual rate of 10.1 percent in December 2019. During the same period of the previous year, its annual rate of decrease was lower at 9.3 percent.

Petroleum products and basic metals, with 47.9 percent decrement, contributed largely to the decrease of VoPI in December 2019. Two other major industries that registered two-digit decrements in VoPI were furniture and fixtures (-30.4%) and miscellaneous manufactures (-10.5%). Refer to Tables  1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index slides down

The Value of Net Sales Index (VaNSI) continued to decline, reflecting an annual decrease of 3.0 percent in December 2019. During the same month of the previous year, the VaNSI decreased by 1.4 percent.

Among the 12 major industry groups that reported decreases in VaNSI, four major industry groups had two-digit decreases, namely: basic metals (-30.0%), machinery except electrical (-21.1%), footwear and wearing apparel (-13.8%) and food manufacturing (-13.0%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index decreases further

Volume of Net Sales Index (VoNSI) similarly posted a year-on-year decrease of 3.6 percent in December 2019. In the same month of the previous year, VoNSI declined slower at 1.6 percent.

Ten out of the 20 major industry groups registered annual declines, with two-digit decreases noted in the following major industry groups: furniture and fixtures (-30.2%), basic metals (-26.3%), machinery except electrical (-16.5%) and food manufacturing (-11.8%). Refer to Tables 2-B and 4.

 

Figure 3

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate for total manufacturing in December 2019 was posted at   84.4 percent. Twelve of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • petroleum products (90.0%)
  • basic metals (88.4%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (86.2%)
  • food manufacturing (85.5%)
  • chemical products (85.2%)
  • electrical machinery (84.9%)
  • printing (84.1%)
  • paper and paper products (83.9%)
  • rubber and plastic products (83.1%)
  • wood and wood products (82.5%)
  • textiles (80.1%)

Refer to Table 6.

 

  • More than a quarter of total manufacturing establishments operate at full capacity

The proportion of establishments that operated at full capacity (90% to 100%) was more than a quarter (25.9%) of the total number of establishments for manufacturing in December 2019. More than half (55.2%) operated at 70 percent to 89 percent capacity, while almost one-fifth (18.9%) operated below 70 percent capacity. Refer to Table B.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: December 2019

Capacity Utilization

Number of Establishments

Percent Share

Below 50%

36

3.9

50% - 59%

40

4.6

60% - 69%

89

10.4

70% - 79%

180

20.7

80% - 89%

297

34.5

 90% - 100%

234

25.9

 

 

 

CLAIRE DENNIS S. MAPA, Ph. D.
Undersecretary
National Statistician and Civil Registrar General

 

 


 

TABLE 1-A Value of Production Index, November 2019 and December 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

December 2019
November 2019
(revised)

Gainers

 

 

Machinery except electrical

15.0

4.7

Beverages

15.6

14.6

Printing

52.7

122.7

Chemical Products

4.1

-1.1

Tobacco products

9.6

17.9

Fabricated metal products

11.6

24.0

Footwear and wearing apparel

4.4

2.6

Furniture and fixtures

12.9

-2.4

Non-metallic mineral products

2.6

-2.0

Rubber and plastic products

1.8

4.5

Leather products

12.9

4.8

Losers

 

 

Petroleum products

-48.8

-35.2

Basic Metals

-50.6

-31.8

Electrical machinery

-3.6

-16.6

Transport equipment

-8.3

-19.4

Textiles

-11.9

-7.2

Miscellaneous manufactures

-9.9

-20.8

Food manufacturing

-0.7

2.9

Paper and paper products

-4.6

0.6

Wood and wood products

-1.9

-7.8

 
Notes: Major Industry groups are ranked according to their contribution to the overall annual growth rate.
 
 
 

TABLE 1-B  Volume of Production Index, November 2019 and December 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

December 2019
November 2019
(revised)

Gainers

 

 

Machinery except electrical

21.8

10.4

Chemical products

12.4

7.2

Printing

52.7

122.7

Footwear and wearing apparel

18.6

19.3

Beverages

11.7

10.7

Fabricated metal products

26.8

40.2

Electrical machinery

1.9

-13.0

Tobacco products

5.7

13.5

Food manufacturing

0.6

7.0

Wood and wood products

7.6

4.6

Leather products

15.6

32.7

Non-metallic mineral products

1/

-4.7

Losers

 

 

Petroleum products

-47.9

-32.0

Basic metals

-47.9

-24.8

Furniture and fixtures

-30.4

-41.9

Miscellaneous manufactures

-10.5

-22.5

Textiles

-9.1

-1.8

Transport equipment

-3.4

-15.4

Rubber and plastic products

-1.2

2.0

Paper and paper products

-1.1

3.7

 
Notes:    Major Industry groups are ranked according to their contribution to the overall annual growth rate.
   1/ - Less than 0.05 percent increase
 
 
TABLE 2-A  Value of Net Sales Index, November 2019 and December 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

December 2019
November 2019
(revised)

Gainers

 

 

Chemical products

12.7

-0.6

Beverages

22.0

9.8

Tobacco products

33.5

25.6

Fabricated metal products

30.9

28.5

Printing

24.2

48.6

Transport equipment

5.1

-1.9

Furniture and fixtures

13.2

-3.0

Rubber and plastic products

4.5

7.2

Losers

 

 

Food manufacturing

-13.0

-8.2

Machinery except electrical

-21.1

-10.0

Basic metals

-30.0

-19.8

Footwear and wearing apparel

-13.8

2.7

Petroleum products

-3.2

-9.4

Electrical machinery

-0.9

-10.0

Paper and paper products

-6.6

-7.9

Non-metallic mineral products

-3.6

6.0

Textiles

-5.5

-4.4

Wood and wood products

-7.7

6.1

Miscellaneous manufactures

-0.3

-15.8

Leather products

-1.2

-6.0

 
Notes:    Major Industry groups are ranked according to their contribution to the overall annual growth rate.

 

 

TABLE 2-B  Volume of Net Sales Index, November 2019 and December 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

December 2019
November 2019
 (revised)

Gainers

 

 

Chemical products

21.6

7.7

Electrical machinery

4.8

-6.2

Beverages

17.9

6.1

Fabricated metal products

48.8

45.3

Tobacco products

28.7

21.0

Transport equipment

10.7

3.0

Printing

24.2

48.6

Rubber and plastic products

1.4

4.6

Wood and wood products

1.3

20.5

Leather products

1.8

19.2

Losers

 

 

Food manufacturing

-11.8

-4.5

Machinery except electrical

-16.5

-5.1

Basic metals

-26.3

-11.6

Furniture and fixtures

-30.2

-42.4

Non-metallic mineral products

-6.0

3.1

Petroleum products

-1.7

-5.0

Footwear and wearing apparel

-2.1

19.4

Paper and paper products

-3.2

-5.1

Textiles

-2.5

1.1

Miscellaneous manufactures

-1.0

-17.5

 
Notes:    Major Industry groups are ranked according to their contribution to the overall annual growth rate.
 

 

 

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