Table A Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: February 2018 and February 2017 |
||
---|---|---|
TOTAL MANUFACTURING |
FEBRUARY 2018 |
FEBRUARY 2017 |
Production Index (2000=100) |
|
|
Value (VaPI) |
23.6 |
8.3 |
Volume (VoPI) |
24.8 |
9.8 |
Net Sales Index (2000=100) |
|
|
Value (VaNSI) |
9.3 |
19.9 |
Volume (VoNSI) |
10.3 |
21.5 |
Producer Price Index (2000=100) |
-1.0r |
-1.2 |
r - revised
- Value of Production Index exhibits a two-digit growth in February 2018
The Value of Production Index (VaPI) for manufacturing expressively grew by 23.6 percent in February 2018 from 8.3 percent growth in the same month of the previous year, based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Printing contributed much to the increase with a 103.9 percent growth, followed by nine other major sectors that registered two-digit increments in VaPI, namely: electrical machinery (33.2%), food manufacturing (30.2%), petroleum products (28.2%), beverages (26.3%), miscellaneous manufactures (21.0%), basic metals (17.0%), paper and paper products (13.7%), non-metallic mineral products (13.6%) and machinery except electrical (10.5%). Refer to Tables1-A and 1.
- Volume of Production Index likewise expands
The Volume of Production Index (VoPI) climbed to 24.8 percent in February 2018. This was mainly influenced by the increments noted in 16 major sectors, with 11 major sectors that registered two-digit increases in VoPI as follows: printing (108.1%), food manufacturing (32.6%), electrical machinery (30.3%), beverages (24.1%), petroleum products (23.4%), miscellaneous manufactures (20.5%), leather products (14.4%), fabricated metal products (12.6), chemical products (11.1%), basic metals (10.7%) and machinery except electrical (10.4%). Refer to Tables 1-B and 2.
- Value of Net Sales Index accelerates at a slower rate
The Value of Net Sales Index (VaNSI) continued to increase, slowing down to 9.3 percent in February 2018 compared with 19.9 percent in February 2017. The growth was supported by the two-digit annual expansions in seven major sectors, namely: non-metallic mineral products (33.3%), chemical products (25.6%), tobacco products (22.0%), machinery except electrical (19.7%), beverages (14.7%), electrical machinery (12.9%) and transport equipment (11.1%). Refer toTables 2-A and 3.
- Volume of Net Sales Index posts increments
The Volume of Net Sales Index (VoNSI) sustained a two-digit growth rate registering at 10.3 percent in February 2018. Significant increases in VoNSI were noted in nine of the 14 major sectors that registered growth, namely: chemical products (30.3%), non-metallic mineral products (28.8%), fabricated metal products (17.5%), machinery except electrical (16.8%), leather products (16.1%), beverages (12.0%) and transport equipment (11.8%). Refer to Tables 2-B and 4.
Average Capacity Utilization Rate in February 2018 is 84.2 percent with petroleum products posting the highest among industries
Average capacity utilization rate in February 2018 for total manufacturing was recorded at 84.2 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:
- petroleum products (89.6%)
- basic metals (89.0%)
- non-metallic mineral products (86.8%)
- machinery except electrical (85.9%)
- food manufacturing (85.5%)
- electrical machinery (85.0%)
- chemical products (84.5%)
- paper and paper products (83.5%)
- rubber and plastic products (82.9%)
- wood and wood products (81.3%)
- printing (81.2%)
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 (27.2%) in February 2018. About 54.3 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.5%) operated below 70 percent capacity. Refer to Table B and 6.
Table B Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: February 2018 |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50% |
3.7 |
50% - 59% |
4.2 |
60% - 69% |
10.6 |
70% - 79% |
21.2 |
80% - 89% |
33.1 |
90% - 100% |
27.2 |
Response Rate
The response rates for the February 2018 MISSI and PPS were registered at 79.3 percent and 81.7 percent, respectively. Refer to Tables 7 and 8.
Table C Response Rates for Total Manufacturing (In percent) |
||
---|---|---|
|
February 2018 |
January 2018
(Revised)
|
MISSI |
79.3 |
88.2r |
PPS |
81.7r |
88.8r |
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 Registrar General
TABLE 1-A Value of Production Index, January 2018 and February 2018
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
---|---|---|
February 2018 |
January 2018
(revised)
|
|
Gainers |
|
|
Electrical machinery |
33.2 |
16.2 |
Food manufacturing |
30.2 |
9.1 |
Petroleum products |
28.2 |
32.6 |
Beverages |
26.3 |
30.5 |
Printing |
103.9 |
117.4 |
Machinery except electrical |
10.5 |
30.8 |
Basic metals |
17.0 |
36.2 |
Chemical products |
6.5 |
3.1 |
Miscellaneous manufactures |
21.0 |
17.7 |
Non-metallic mineral products |
13.6 |
18.0 |
Paper and paper products |
13.7 |
21.0 |
Transport equipment |
5.3 |
-14.9 |
Footwear and wearing apparel |
3.7 |
-7.1 |
Furniture and fixtures |
3.8 |
-4.8 |
Losers |
|
|
Tobacco products |
-23.6 |
25.7 |
Rubber and plastic products |
-12.1 |
-9.9 |
Textiles |
-2.5 |
1.6 |
Wood and wood products |
-5.2 |
-4.0 |
Fabricated metal products |
-1.5 |
9.4 |
Leather products |
-4.1 |
21.0 |
TABLE 1-B Volume of Production Index, January 2018 and February 2018
(2000 = 100)
Industry Group |
Year-on-Year Growth (%) |
||||
---|---|---|---|---|---|
February 2018 |
January 2018
(revised)
|
||||
Gainers |
|
|
|||
Food manufacturing |
32.6 |
11.6 |
|||
Electrical machinery |
30.3 |
13.3 |
|||
Petroleum products |
23.4 |
16.3 |
|||
Printing |
108.1 |
120.5 |
|||
Beverages |
24.1 |
28.6 |
|||
Machinery except electrical |
10.4 |
30.5 |
|||
Chemical products |
11.1 |
6.4 |
|||
Basic metals |
10.7 |
29.6 |
|||
Miscellaneous manufactures |
20.5 |
19.3 |
|||
Non-metallic mineral products |
9.7 |
14.6 |
|||
Footwear and wearing apparel |
6.5 |
-3.6 |
|||
Paper and paper products |
9.6 |
18.2 |
|||
Fabricated metal products |
12.6 |
35.1 |
|||
Leather products |
14.4 |
36.7 |
|||
Losers |
|
|
|||
Tobacco products |
-51.2 |
-18.8 |
|||
Rubber and plastic products |
-11.9 |
-9.9 |
|||
Furniture and fixtures |
-37.5 |
-42.3 |
|||
Transport equipment |
-2.4 |
-19.5 |
|||
Textiles |
-5.3 |
-1.4 |
|||
Wood and wood products |
-4.5 |
-3.3 |
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
---|---|---|
February 2018 |
January 2018
(revised)
|
|
Gainers |
|
|
Electrical machinery |
12.9 |
19.1 |
Chemical products |
25.6 |
26.2 |
Machinery except electrical |
19.7 |
11.2 |
Petroleum products |
9.8 |
10.8 |
Non-metallic mineral products |
33.3 |
9.2 |
Food manufacturing |
5.1 |
-3.0 |
Beverages |
14.7 |
18.8 |
Transport equipment |
11.1 |
5.3 |
Tobacco products |
22.0 |
36.8 |
Footwear and wearing apparel |
5.9 |
-8.0 |
Fabricated metal products |
2.9 |
5.3 |
Wood and wood products |
2.7 |
-13.2 |
Losers |
|
|
Textiles |
-20.1 |
-20.0 |
Basic metals |
-7.5 |
20.8 |
Paper and paper products |
-11.2 |
27.2 |
Miscellaneous manufactures |
-6.5 |
2.3 |
Furniture and fixtures |
-11.8 |
-9.2 |
Printing |
-1.8 |
7.8 |
Rubber and plastic products |
-1.4 |
5.2 |
Leather products |
-2.5 |
35.9 |
TABLE 2-B Volume of Net Sales Index, January 2018 and February 2018
(2000 = 100)
Industry Group |
Year-on-Year Growth (%) |
|
---|---|---|
February 2018 |
January 2018
(revised)
|
|
Gainers |
|
|
Chemical products |
30.3 |
29.6 |
Electrical machinery |
10.6 |
16.2 |
Machinery except electrical |
16.8 |
8.3 |
Food manufacturing |
9.1 |
1.2 |
Non-metallic mineral products |
28.8 |
6.1 |
Beverages |
12.0 |
16.4 |
Transport equipment |
11.8 |
8.2 |
Petroleum products |
4.4 |
-3.9 |
Footwear and wearing apparel |
10.0 |
-3.4 |
Fabricated metal products |
17.5 |
30.1 |
Rubber and plastic products |
3.9 |
10.6 |
Leather products |
16.1 |
54.6 |
Wood and wood products |
3.4 |
-12.6 |
Printing |
0.2 |
9.3 |
Losers |
|
|
Basic metals |
-10.9 |
17.0 |
Tobacco products |
-20.5 |
-10.1 |
Textiles |
-20.1 |
-20.1 |
Paper and paper products |
-12.9 |
26.3 |
Miscellaneous manufactures |
-11.3 |
-1.3 |
Furniture and fixtures |
-12.6 |
-9.7 |