| Total Manufacturing | February 2011 | January 2011 |
|---|---|---|
| Year-on-Year Growth | ||
| Production Index (2000=100) | ||
| Value (VaPI) | 9.6 | 12.6r |
| Volume (VoPI) | 11.2 | 16.7r |
| Net Sales Index (2000=100) | ||
| Value (VaNSI) | 10.3 | 0.7r |
| Volume (VoNSI) | 11.8 | 4.4r |
| Producer Price Index (2000=100) | -1.4r | -3.6r |
| AVERAGE CAPACITY UTILIZATION | 83.0 | 83.1r |
r-revised
- Value of Production maintains positive growth rate in February 2011
Value of Production Index (VaPI) for total manufacturing increased at a slower rate of 9.6 percent in February 2011 compared with a year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the slowdown in production values of the electrical machinery and textiles sectors. However, sectors contributing significant increases in value of production were observed in the following: miscellaneous manufactures, petroleum products, beverages, leather products, chemical products, rubber and plastic products, footwear and wearing apparel, basic metals and fabricated metal products. Refer to Tables 1-A and 1.
On the other hand, VaPI on a monthly basis, VaPI reflected a decrease of 1.9 percent in February 2011, showing an improvement from its previous month�s two-digit decline of 11.6 percent. This was mainly due to the reduction in production values reported by 15 out of 20 major sectors. Refer to Tables 1-A and 1.
- Volume of Production continues to grow at a slower rate
Volume of Production Index (VoPI) accelerated at a slower rate as it posted a year-on-year growth of 11.2 percent in February 2011. This was accounted mainly by the slowdown in the annual production volumes in the fabricated metal products and leather products sectors. However, 11 major sectors reported increases in production output, as shown in the two-digit growth of the following: miscellaneous manufactures, furniture and fixtures, beverages, chemical products, electrical machinery and footwear and wearing apparel. Refer to Tables 1-B and 2.
VoPI, on a month-on-month basis, decelerated 1.8 percent in February 2011 compared with the previous month�s two-digit decline of 12.8 percent. Sixteen major sectors experienced drop in factory output, with two-digit decreases in the following: tobacco products, basic metals, leather products, fabricated metal products, paper and paper products, beverages and wood and wood products. Refer to Tables 1-B and
- 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 with 56.1 percent growth. Refer to Tables 2-B and 4.
- Capacity Utilization
Average capacity utilization in February 2011 for total manufacturing stood at 83.0 percent. Ten major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, food manufacturing, petroleum products, machinery except electrical, non -metallic mineral products, electrical machinery, miscellaneous manufactures, chemical products, rubber and plastic products and paper and paper products. Refer to Table 6.
The proportion of establishments that operated at full capacity (90% to 100%) was 16.9 percent in February 2011. About 61.0 percent of the establishments operated at 70% to 89% capacity while 22.1 percent of the establishments operated below 70% capacity.
| Capacity Utilization | Percent Share |
|---|---|
| Below 50 percent | 4.5 |
| 50 percent - 59 percent | 6.6 |
| 60 percent - 69 percent | 11.0 |
| 70 percent - 79 percent | 21.5 |
| 80 percent - 89 percent | 39.5 |
| 90 percent - 100 percent | 16.9 |
- Response Rates
The response rates for the February 2011 MISSI and PPS are 81.8 percent and 90.7 percent, respectively. Refer to Tables 7 and 8
| February 2011 | January 2011 (revised) |
|
|---|---|---|
| MISSI | 81.8 | 89.6r |
| PPS | 90.7r | 94.4r |
r-revised
- Technical Notes
The Monthly Integrated Survey of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office with the objective of providing 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 (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Petroleum Products |
24.9 |
25.1 |
|
Miscellaneous Manufactures |
83.8 |
36.1 |
|
Electrical Machinery |
7.5 |
13.8 |
|
Chemical Products |
15.5 |
17.8 |
|
Beverages |
22.4 |
30.8 |
|
Food Manufacturing |
5.9 |
8.9 |
|
Basic Metals |
11.8 |
6.8 |
|
Rubber and Plastic Products* |
15.0 |
9.0 |
|
Footwear and Wearing Apparel |
13.0 |
11.7 |
|
Fabricated Metal Products |
11.6 |
35.7 |
|
Textiles |
6.3 |
10.8 |
|
Leather Products |
18.8 |
23.1 |
|
Furniture and Fixtures |
4.6 |
1.5 |
|
Transport Equipment |
0.6 |
2.3 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Machinery Except Electrical |
-25.1 |
-21.8 |
|
Tobacco Products |
-68.6 |
-63.9 |
|
Publishing and Printing |
-20.5 |
-9.7 |
|
Paper and Paper Products |
-20.5 |
1.8 |
|
Non-Metallic Mineral Products |
-6.1 |
4.7 |
|
Wood and Wood Products |
-27.7 |
-15.0 |
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Miscellaneous Manufactures |
44.4 |
6.8 |
|
Food Manufacturing |
3.9 |
-39.3 |
|
Rubber and Plastic Products* |
3.5 |
2.1 |
|
Transport Equipment |
0.4 |
6.0 |
|
Non-Metallic Mineral Products |
0.5 |
-5.6 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Electrical Machinery |
-6.6 |
3.7 |
|
Basic Metals |
-13.2 |
-11.2 |
|
Beverages |
-11.8 |
7.9 |
|
Tobacco Products |
-22.8 |
16.4 |
|
Machinery Except Electrical |
-4.0 |
-16.6 |
|
Paper and Paper Products |
-11.0 |
-5.1 |
|
Fabricated Metal Products |
-12.0 |
2.1 |
|
Footwear and Wearing Apparel |
-5.4 |
-9.3 |
|
Petroleum Products |
-1.0 |
2.2 |
|
Wood and Wood Products |
-11.1 |
-1.4 |
|
Chemical Products |
-0.4 |
27.0 |
|
Leather Products |
-12.7 |
30.6 |
|
Furniture and Fixtures |
-2.4 |
-1.0 |
|
Textiles |
-0.6 |
-0.4 |
|
Publishing and Printing |
-0.3 |
-15.2 |
Notes:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based February 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 (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Electrical Machinery |
16.5 |
35.5 |
|
Miscellaneous Manufactures |
89.7 |
40.9 |
|
Chemical Products |
17.5 |
19.9 |
|
Beverages |
27.9 |
36.5 |
|
Petroleum Products |
4.3 |
7.9 |
|
Footwear and Wearing Apparel |
14.2 |
6.3 |
|
Basic Metals |
9.5 |
2.8 |
|
Furniture and Fixtures |
33.5 |
42.7 |
|
Rubber and Plastic Products* |
7.0 |
1.8 |
|
Fabricated Metal Products |
5.6 |
28.1 |
|
Leather Products |
9.4 |
11.8 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Tobacco Products |
-70.1 |
-65.6 |
|
Machinery Except Electrical |
-14.1 |
-10.1 |
|
Non-Metallic Mineral Products |
-16.5 |
-6.9 |
|
Food Manufacturing |
-1.8 |
1.4 |
|
Publishing and Printing |
-20.5 |
-9.7 |
|
Wood and Wood Products |
-34.0 |
-22.4 |
|
Paper and Paper Products |
-4.6 |
6.6 |
|
Transport Equipment |
-1.3 |
1.1 |
|
Textiles |
-2.3 |
2.5 |
| Gainers | Month-on-Month Growth (%) | ||||||
|---|---|---|---|---|---|---|---|
| February 2011 | January 2011 (revised) |
||||||
|
Miscellaneous Manufactures |
45.3 |
6.9 |
|||||
|
Food Manufacturing |
3.4 |
-40.8 |
|||||
|
Rubber and Plastic Products* |
3.2 |
b/ |
|||||
|
Non-Metallic Mineral Products |
1.3 |
-14.9 |
|||||
|
|||||||
|
Electrical Machinery |
-5.4 |
2.4 |
|||||
|
Basic Metals |
-13.6 |
-9.8 |
|||||
|
Beverages |
11.6 |
13.4 |
|||||
|
Petroleum Products |
-4.7 |
-3.2 |
|||||
|
Tobacco Products |
-22.8 |
11.1 |
|||||
|
Machinery Except Electrical |
-2.9 |
-18.8 |
|||||
|
Paper and Paper Products |
-11.8 |
-5.9 |
|||||
|
Fabricated Metal Products |
-12.0 |
1.0 |
|||||
|
Footwear and Wearing Apparel |
-5.4 |
-7.4 |
|||||
|
Wood and Wood Products |
-11.1 |
-10.0 |
|||||
|
Chemical Products |
-0.6 |
28.9 |
|||||
|
Leather Products |
-12.7 |
31.6 |
|||||
|
Furniture and Fixtures |
-3.2 |
21.0 |
|||||
|
Textiles |
-1.3 |
-1.1 |
|||||
|
Transport Equipment |
-0.2 |
4.9 |
|||||
|
Publishing and Printing |
-0.3 |
-15.2 |
|||||
Notes
* - new sector in the 2000-based series
b/ - Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 2000-based February 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 (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Food Manufacturing |
15.8 |
-4.1 |
|
Petroleum Products |
21.9 |
3.9 |
|
Electrical Machinery |
11.4 |
-1.3 |
|
Chemical Products |
15.6 |
12.0 |
|
Miscellaneous Manufactures |
68.5 |
43.7 |
|
Footwear and Wearing Apparel |
38.6 |
22.1 |
|
Beverages |
18.9 |
22.2 |
|
Basic Metals |
6.7 |
-0.1 |
|
Rubber and Plastic Products * |
24.9 |
16.5 |
|
Fabricated Metal Products |
5.2 |
15.4 |
|
Paper and Paper Products |
3.7 |
-3.3 |
|
Leather Products |
12.7 |
3.8 |
|
Furniture and Fixtures |
3.1 |
19.3 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Tobacco Products |
-83.4 |
-79.4 |
|
Transport Equipment |
-19.6 |
-11.4 |
|
Machinery Except Electrical |
-6.7 |
-6.0 |
|
Publishing and Printing |
-19.0 |
2.6 |
|
Non-Metallic Mineral Products |
-5.9 |
-8.3 |
|
Wood and Wood Products |
-26.7 |
-16.3 |
|
Textiles |
-0.2 |
-1.3 |
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Food Manufacturing |
7.7 |
-21.5 |
|
Petroleum Products |
12.2 |
-11.1 |
|
Miscellaneous Manufactures |
55.1 |
-9.0 |
|
Chemical Products |
7.3 |
17.5 |
|
Electrical Machinery |
2.0 |
-10.1 |
|
Basic Metals |
7.6 |
-19.7 |
|
Machinery Except Electrical |
1.9 |
-9.2 |
|
Non-Metallic Mineral Products |
5.8 |
-0.6 |
|
Footwear and Wearing Apparel |
4.5 |
-11.3 |
|
Paper and Paper Products |
3.0 |
-0.5 |
|
Rubber and Plastic Products * |
1.8 |
4.8 |
|
Publishing and Printing |
0.1 |
-0.7 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Tobacco Products |
-13.0 |
-21.8 |
|
Transport Equipment |
-2.9 |
-27.7 |
|
Fabricated Metal Products |
-2.8 |
-9.4 |
|
Wood and Wood Products |
-7.4 |
-10.1 |
|
Beverages |
-0.6 |
-13.9 |
|
Textiles |
-0.4 |
-4.2 |
|
Furniture and Fixtures |
-0.7 |
22.0 |
|
Leather Products |
-1.0 |
-7.9 |
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based February 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 (%) | ||||||
|---|---|---|---|---|---|---|---|
| February 2011 | January 2011 (revised) |
||||||
|
Electrical Machinery |
20.7 |
17.5 |
|||||
|
Chemical Products |
17.6 |
14.0 |
|||||
|
Miscellaneous Manufactures |
74.0 |
48.8 |
|||||
|
Food Manufacturing |
7.4 |
-10.8 |
|||||
|
Footwear and Wearing Apparel |
40.1 |
16.2 |
|||||
|
Beverages |
24.2 |
27.5 |
|||||
|
Machinery Except Electrical |
7.0 |
8.1 |
|||||
|
Furniture and Fixtures |
31.6 |
67.8 |
|||||
|
Petroleum Products |
1.9 |
-10.4 |
|||||
|
Basic Metals |
4.4 |
-3.8 |
|||||
|
Rubber and Plastic Products * |
16.2 |
8.7 |
|||||
|
Paper and Paper Products |
9.9 |
1.2 |
|||||
|
Leather Products |
3.7 |
-5.7 |
|||||
|
|||||||
|
Tobacco Products |
-84.2 |
-80.3 |
|||||
|
Transport Equipment |
-21.1 |
-12.5 |
|||||
|
Non-Metallic Mineral Products |
-16.3 |
-18.4 |
|||||
|
Publishing and Printing |
-19.0 |
2.6 |
|||||
|
Wood and Wood Products |
-33.1 |
-23.6 |
|||||
|
Textiles |
-8.2 |
-8.8 |
|||||
|
Fabricated Metal Products |
-0.5 |
9.0 |
|||||
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Food Manufacturing |
7.1 |
-23.5 |
|
Miscellaneous Manufactures |
56.1 |
-8.9 |
|
Petroleum Products |
7.9 |
-15.8 |
|
Chemical Products |
7.1 |
19.2 |
|
Electrical Machinery |
3.3 |
-11.2 |
|
Basic Metals |
7.1 |
18.5 |
|
Machinery Except ElectricalMachinery Except Electrical |
3.1 |
-11.6 |
|
Non-Metallic Mineral Products |
6.7 |
-10.4 |
|
Footwear and Wearing Apparel |
4.5 |
-9.4 |
|
Paper and paper products |
2.1 |
-1.3 |
|
Rubber and Plastic Products * |
1.5 |
2.6 |
|
Publishing and Printing |
0.1 |
-0.7 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| February 2011 | January 2011 (revised) |
|
|
Tobacco Products |
-13.0 |
-25.4 |
|
Transport Equipment |
-3.4 |
-28.5 |
|
Fabricated Metal Products |
-2.8 |
-10.4 |
|
Wood and Wood Products |
-7.4 |
-17.9 |
|
Textiles |
-1.1 |
-4.9 |
|
Beverages |
-0.4 |
-9.5 |
|
Furniture and Fixtures |
-1.5 |
49.1 |
|
Leather Products |
-1.0 |
-7.2 |
Note:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based February 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
