|
Table A Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: February 2014 and January 2014 |
||
|---|---|---|
|
TOTAL MANUFACTURING |
FEBRUARY
2014
|
JANUARY
2014
|
|
YEAR-ON-YEAR GROWTH |
|
|
|
Production Index (2000=100) |
|
|
|
Value (VaPI) |
0.9 |
4.3r |
|
Volume (VoPI) |
1.2 |
5.0r |
|
Net Sales Index (2000=100) |
|
|
|
Value (VaNSI) |
15.0 |
15.3r |
|
Volume (VoNSI) |
15.4 |
16.1r |
|
Producer Price Index (2000=100) |
-0.3r |
-0.7r |
r - revised
- Value of Production Index grows at a slower rate in February 2014
Value of Production Index (VaPI) for manufacturing posted an annual rate of 0.9 percent in February 2014, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the three-digit increase of tobacco products (102.2%) and the two-digit growth registered by nine sectors namely: furniture and fixtures (75.9%),machinery except electrical (61.3%), publishing and printing (53.1%), textiles (35.4%), fabricated metal products (30.5%), wood and wood products (21.6%), leather products (15.2%), paper and paper products (14.4%) and electrical machinery (12.9%).Refer to Tables 1-A and 1.
On a monthly basis, VaPI fell down by 1.8 percent in February 2014 due to the significant decreases posted by petroleum products (-28.2%) and wood and wood products (-19.5%). Refer to Tables 1-A and 1.
- Volume of Production Index reflects a positive annual growth in February 2014
Volume of Production Index (VoPI) posted a slower annual growth of 1.2 percent in February 2014. This can be attributed to the slowdown in production of furniture and fixtures (130.6%) and tobacco products (102.6%). Moreover, seven sectors contributed to the positive growth namely: machinery except electrical (75.9%), publishing and printing (53.1%), fabricated metal products (36.0%) textiles (35.7%), wood and wood products (18.4%), paper and paper products (12.3%), and leather products (11.4%). Refer to Tables 1-B and 2.
On a monthly basis, VoPI decreased by 2.5 percent in February 2014. Two of the nine sectors that posted decrements significantly pulled down the VoPI. These were: petroleum products (-28.1%) and wood and wood products (-20.6%). Refer to Tables 1-B and 2.
- Value of Net Sales Index exhibits two-digit growth in February 2014
Value of Net Sales Index (VaNSI) gained as it posted an increment of 15.0 percent in February 2014. Fourteen major sectors contributed to the positive performance of VANSI with 12 sectors exhibiting significant increases led by chemical products (66.6%). Refer to Tables 2-A and 3.
VaNSI on a monthly comparison, likewise, grew by 1.2 percent in February 2014. This was mainly due to the double-digit increment of basic metals (12.7%). Refer to Tables 2-A and 3.
- Volume of Net Sales Index also sustains double-digit growth
Volume of Net Sales Index (VoNSI) grew at the rate of 15.4 percent in February 2014. This can be attributed to the significant increases reported by 11 major sectors namely: furniture and fixtures (80.7%), chemical products (66.0%), machinery except electrical (53.8%), fabricated metal products (42.6%), tobacco products (34.7%), textiles (29.0%), leather products (28.1%), publishing and printing (19.3%), rubber and plastic products (14.5%), food manufacturing (10.6%) and petroleum products (10.1%). Refer to Tables 2-B and 4.
However, on a monthly basis, VoNSI grew slightly by 0.5 percent in February 2014. The significant increase of basic metals (12.6%) and the increments posted by the eleven other sectors brought about the growth in sales volume. Refer to Tables 2-B and 4.
- Capacity Utilization in February 2014 is 83.1
Average capacity utilization in February 2014 for total manufacturing was recorded at 83.1 percent. More than 50 percent or eleven of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:
-
petroleum products (88.5%)
-
basic metals (87.4%)
-
non-metallic mineral products (85.6%)
-
food manufacturing (84.5 %)
-
electrical machinery (84.3%)
-
machinery except electrical (84.2%)
-
chemical products (83.4%)
-
paper and paper products (82.9%)
-
rubber and plastic products (82.3%)
-
wood and wood products (81.2%)
-
publishing and printing (80.0%)
The proportion of establishments that operated at full capacity (90% to 100%) was 22.8 percent in February 2014. About 57.8 percent of the establishments operated at 70% to 89% capacity while 19.4 percent of the establishments operated below 70% capacity. Refer to Table 6.
|
Table B Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: February 2014 |
|
|---|---|
|
Capacity Utilization |
Percent Share |
|
Below 50% |
4.2 |
|
50% - 59% |
4.5 |
|
60% - 69% |
10.7 |
|
70% - 79% |
22.7 |
|
80% - 89% |
35.1 |
|
90% - 100% |
22.8 |
- Response Rate
The response rates for the February 2014 MISSI and PPS are 81.7 percent and 92.0 percent, respectively. Refer to Tables 7 and 8.
|
Table C Response Rates For Total Manufacturing
(In percent)
|
||
|---|---|---|
|
|
February 2014 |
January 2014
(Revised)
|
|
MISSI |
81.7 |
92.2r |
|
PPS |
92.0 |
94.8r |
Data of non-responding samples were estimated based on previous records and other administrative reports of these establishments. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
(Sgd) LINA V. CASTRO
Interim National Statistician
TABLE 1-A Value of Production Index, January 2014 – February 2014
(2000 =100)
|
Gainers |
Year-on-Year Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Machinery except electrical |
61.3 |
47.0 |
|
Electrical machinery |
12.9 |
11.9 |
|
Tobacco products |
102.2 |
106.9 |
|
Textiles |
35.4 |
32.4 |
|
Publishing and printing |
53.1 |
48.5 |
|
Furniture and fixtures |
75.9 |
115.6 |
|
Fabricated metal products |
30.5 |
19.8 |
|
Food manufacturing |
3.2 |
5.0 |
|
Rubber and plastic products |
9.9 |
8.0 |
|
Paper and paper products |
14.4 |
-1.3 |
|
Beverages |
4.9 |
1.4 |
|
Transport equipment |
4.4 |
-4.0 |
|
Wood and wood products |
21.6 |
51.8 |
|
Leather products |
15.2 |
26.2 |
|
Losers |
Year-on-Year Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Petroleum products |
-12.3 |
12.1 |
|
Chemical products |
-16.5 |
3.1 |
|
Basic metals |
-18.1 |
-30.3 |
|
Footwear and wearing apparel |
-16.9 |
-23.3 |
|
Non-metallic mineral products |
-7.9 |
-11.0 |
|
Miscellaneous manufactures |
-1.7 |
-3.5 |
TABLE 1-A Value of Production Index, January 2014 – February 2014
(2000 = 100) (concluded)
|
Gainers |
Month-on-Month Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Basic metals |
21.1 |
-2.0 |
|
Machinery except electrical |
6.0 |
-4.6 |
|
Transport equipment |
13.3 |
-1.8 |
|
Tobacco products |
25.5 |
-45.2 |
|
Electrical machinery |
2.6 |
-6.1 |
|
Chemical products |
2.3 |
-71.7 |
|
Footwear and wearing apparel |
7.0 |
-39.1 |
|
Non-metallic mineral products |
6.0 |
-4.6 |
|
Publishing and printing |
5.2 |
13.9 |
|
Paper and paper products |
1.2 |
1.4 |
|
Fabricated metal products |
0.9 |
2.3 |
|
Furniture and fixtures |
1.0 |
-6.6 |
|
Losers |
Month-on-Month Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Petroleum products |
-28.2 |
-7.0 |
|
Food manufacturing |
-1.0 |
0.4 |
|
Wood and wood products |
-19.5 |
37.3 |
|
Beverages |
-2.1 |
-1.1 |
|
Rubber and plastic products |
-1.0 |
1.9 |
|
Miscellaneous manufactures |
-0.5 |
22.4 |
|
Textiles |
-0.5 |
-0.4 |
|
Leather products |
-3.2 |
-4.3 |
TABLE 1-B Volume of Production Index, January 2014 – February 2014
(2000 = 100)
|
Gainers |
Year-on-Year Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Machinery except electrical |
75.9 |
58.8 |
|
Tobacco products |
102.6 |
107.4 |
|
Electrical machinery |
7.7 |
7.0 |
|
Furniture and fixtures |
130.6 |
238.2 |
|
Textiles |
35.7 |
32.8 |
|
Publishing and printing |
53.1 |
48.5 |
|
Fabricated metal products |
36.0 |
23.4 |
|
Rubber and plastic products |
9.4 |
7.2 |
|
Transport equipment |
5.6 |
-3.7 |
|
Paper and paper products |
12.3 |
-2.9 |
|
Beverages |
4.5 |
0.8 |
|
Wood and wood products |
18.4 |
50.1 |
|
Leather products |
11.4 |
21.9 |
|
Losers |
Year-on-Year Growth (%) |
|
|---|---|---|
|
February 2014 |
January 2014
(revised)
|
|
|
Petroleum products |
-16.7 |
4.0 |
|
Chemical products |
-16.8 |
2.1 |
|
Footwear and wearing apparel |
-20.1 |
-25.7 |
|
Basic metals |
-12.1 |
-24.5 |
|
Non-metallic mineral products |
-9.9 |
-15.1 |
|
Miscellaneous manufactures |
-5.0 |
-13.6 |
|
Food manufacturing |
-0.5 |
2.7 |
TABLE 1-B Volume of Production Index, January 2014 – February 2014
(2000 = 100) (concluded)
|
Gainers |
Month-on-Month Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Basic metals |
21.0 |
-1.3 |
|
Machinery except electrical |
7.0 |
0.6 |
|
Transport equipment |
11.8 |
-1.4 |
|
Tobacco products |
25.5 |
-45.1 |
|
Electrical machinery |
2.2 |
-8.6 |
|
Non-metallic mineral products |
7.9 |
-6.9 |
|
Footwear and wearing apparel |
7.1 |
-41.0 |
|
Chemical products |
1.4 |
-71.7 |
|
Miscellaneous manufactures |
4.0 |
17.8 |
|
Publishing and printing |
5.2 |
13.9 |
|
Fabricated metal products |
1.4 |
2.5 |
|
Losers |
Month-on-Month Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Petroleum products |
-28.1 |
-2.0 |
|
Food manufacturing |
-2.2 |
-0.1 |
|
Wood and wood products |
-20.6 |
35.6 |
|
Beverages |
-2.1 |
-1.4 |
|
Furniture and fixtures |
-7.5 |
-2.5 |
|
Paper and paper products |
-1.1 |
0.2 |
|
Rubber and plastic products |
-0.7 |
-1.0 |
|
Textiles |
-0.5 |
-1.3 |
|
Leather products |
-3.1 |
-6.8 |
TABLE 2-A Value of Net Sales Index, January 2014 – February 2014
(2000 =100)
|
Gainers |
Year-on-Year Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Chemical products |
66.6 |
109.7 |
|
Machinery except electrical |
41.0 |
45.5 |
|
Food manufacturing |
14.7 |
6.6 |
|
Petroleum products |
15.9 |
16.5 |
|
Electrical machinery |
7.9 |
-4.0 |
|
Tobacco products |
34.4 |
19.6 |
|
Fabricated metal products |
36.9 |
30.0 |
|
Textiles |
28.8 |
28.3 |
|
Non-metallic mineral products |
10.9 |
8.8 |
|
Furniture and fixtures |
37.9 |
26.6 |
|
Publishing and printing |
19.3 |
13.0 |
|
Rubber and plastic products |
15.0 |
12.9 |
|
Miscellaneous manufactures |
7.3 |
12.7 |
|
Leather products |
32.5 |
36.2 |
|
Losers |
Year-on-Year Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Basic metals |
-33.1 |
-33.3 |
|
Footwear and wearing apparel |
-16.1 |
-19.7 |
|
Transport equipment |
-5.8 |
0.1 |
|
Beverages |
-3.3 |
-3.7 |
|
Paper and paper products |
-5.0 |
7.4 |
|
Wood and wood products |
-6.6 |
24.0 |
TABLE 2-A Value of Net Sales Index, January 2014 – February 2014
(2000 = 100) (concluded)
|
Gainers |
Month-on-Month Growth (%) |
|
|---|---|---|
|
February 2014 |
January 2014
(revised)
|
|
|
Food manufacturing |
3.6 |
-6.1 |
|
Machinery except electrical |
6.1 |
-4.2 |
|
Basic metals |
12.7 |
-6.3 |
|
Transport equipment |
8.6 |
-8.1 |
|
Electrical machinery |
1.9 |
-3.4 |
|
Chemical products |
1.9 |
-57.6 |
|
Non-metallic mineral products |
3.6 |
-5.6 |
|
Publishing and printing |
5.2 |
13.0 |
|
Rubber and plastic products |
3.3 |
-1.7 |
|
Leather products |
9.9 |
-10.4 |
|
Footwear and wearing apparel |
0.6 |
-36.1 |
|
Miscellaneous manufactures |
0.2 |
15.9 |
|
Losers |
Month-on-Month Growth (%) |
||
|---|---|---|---|
|
February 2014 |
January 2014
(revised)
|
||
|
Petroleum products |
-6.7 |
-3.1 |
|
|
Beverages |
-4.3 |
2.8 |
|
|
Tobacco products |
-8.7 |
5.1 |
|
|
Wood and wood products |
-20.2 |
32.6 |
|
|
Paper and paper products |
-4.6 |
13.0 |
|
|
Textiles |
-4.5 |
41.4 |
|
|
Fabricated metal products |
-5.4 |
2.2 |
|
|
Furniture and fixtures |
0.0 |
-7.8 |
|
TABLE 2-B Volume of Net Sales Index, January 2014 – February 2014
(2000 = 100)
|
Gainers |
Year-on-Year Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Chemical products |
66.0 |
107.7 |
|
Machinery except electrical |
53.8 |
57.2 |
|
Food manufacturing |
10.6 |
4.2 |
|
Petroleum products |
10.1 |
8.0 |
|
Tobacco products |
34.7 |
19.9 |
|
Furniture and fixtures |
80.7 |
98.5 |
|
Fabricated metal products |
42.6 |
33.9 |
|
Electrical machinery |
3.0 |
-8.3 |
|
Textiles |
29.0 |
28.7 |
|
Non-metallic mineral products |
8.4 |
3.8 |
|
Publishing and printing |
19.3 |
13.0 |
|
Rubber and plastic products |
14.5 |
12.0 |
|
Miscellaneous manufactures |
3.7 |
0.9 |
|
Leather products |
28.1 |
31.6 |
|
Losers |
Year-on-Year Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Basic metals |
-28.1 |
-27.7 |
|
Footwear and wearing apparel |
-19.4 |
-22.2 |
|
Transport equipment |
-4.8 |
0.4 |
|
Beverages |
-3.7 |
-4.3 |
|
Paper and paper products |
-6.8 |
5.6 |
|
Wood and wood products |
-9.1 |
22.5 |
TABLE 2-B Volume of Net Sales Index, January 2014 – February 2014
(2000 = 100) (concluded)
|
Gainers |
Month-on-Month Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Machinery except electrical |
7.1 |
1.1 |
|
Basic metals |
12.6 |
-5.6 |
|
Food manufacturing |
2.3 |
-6.6 |
|
Transport equipment |
7.1 |
-7.8 |
|
Electrical machinery |
1.5 |
-6.0 |
|
Miscellaneous manufactures |
4.7 |
11.5 |
|
Chemical products |
1.0 |
-57.6 |
|
Publishing and printing |
5.2 |
13.0 |
|
Rubber and plastic products |
3.7 |
-2.5 |
|
Leather products |
9.9 |
-12.7 |
|
Footwear and wearing apparel |
0.7 |
-38.0 |
|
Non-Metallic Mineral Products |
5.5 |
-7.8 |
|
Losers |
Month-on-Month Growth (%) |
|
|---|---|---|
| February 2014 |
January 2014
(revised)
|
|
|
Petroleum products |
-6.6 |
2.1 |
|
Beverages |
-4.3 |
2.4 |
|
Tobacco products |
-8.7 |
5.3 |
|
Paper and paper products |
-6.8 |
11.7 |
|
Wood and wood products |
-21.4 |
31.0 |
|
Textiles |
-4.5 |
40.1 |
|
Fabricated metal products |
-4.9 |
2.4 |
|
Furniture and fixtures |
-8.4 |
-3.7 |
