| Total Manufacturing | January 2006 | December 2005 |
| Year-on-Year Growth | ||
| Production Index | ||
| Value(VaPI) | 16.1 | 12.8r |
| Volume(VoPI) | -2.8 | -0.1r |
| Net Sales Index | ||
| Value | 27.5 | 14.1r |
| Volume | 10.5 | 5.1r |
| Producer's Price Index | 19.5 | 12.8r |
| Average Capacity Utilization | 80.2 | 80.4 |
r-revised
- Value of Production Index maintains double-digit growth
Value of Production Index (VaPI) for the manufacturing industry on a year-on-year basis continued to climb at 16.1 percent in January 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Twelve (12) of the 20 major sectors reported double-digit increases as observed in the following: furniture and fixtures, food manufacturing, petroleum products, leather products, fabricated metal products, transport equipment, textiles, beverages, rubber products, basic metals, publishing and printing and tobacco. Refer to Tables 1-A and 1.
However, VaPI on a monthly comparison declined by 7.6 percent in January 2006. This was brought about by the significant decreases noted in the following sectors: fabricated metal products, petroleum products, footwear and wearing apparel, non-metallic mineral products and furniture and fixtures. Refer to Tables 1-A and 1.
- Volume of Production Index (VoPI) falls
Volume of Production Index (VoPI) went down by 2.8 percent in January 2006. The double-digit increases reported by the nine (9) major sectors was offset by the double-digit decreases reported by the six (6) major sectors, which resulted to the decline in the factory output of the manufacturing sector. Refer to Tables 2 and 1-B.
Likewise, VoPI on a month-on-month basis fell by 13.4 percent in January 2006. Major contributors to the decreased were the following sectors: fabricated metal products, electrical machinery, footwear and wearing apparel, petroleum products, furniture and fixtures, non-metallic mineral products and food manufacturing. Refer to Tables 2 and 1-B.
- Value of Net Sales on increasing trend
Value of Net Sales in January 2006 continued to pick up at 27.5 percent compared to a year-ago figure. Tobacco led other major sectors with significant growth of 191.8 percent, followed by the sectors which posted double-digit increases: publishing and printing, electrical machinery, petroleum products, food manufacturing, leather products, furniture and fixtures, transport equipment, fabricated metal products, rubber products and beverages. Refer to Tables 2-A and 3.
On a monthly basis, Value of Net Sales slumped by 10.8 percent compared to the previous month�s (revised) increase of 6.5 percent in December 2005. Sectors that influenced the drop in sales were the following: fabricated metal products, beverages, footwear and wearing apparel, miscellaneous manufactures, petroleum products, electrical machinery, furniture and fixtures, textiles, tobacco and food manufacturing. Refer to Tables 2-A and 3.
- Volume of Net Sales increases
Volume of Net Sales on a yearly basis continued to gain as it posted a growth of 10.5 percent in January 2006. Among the 20 major sectors, tobacco led the increase with 175.0 percent, while the other major sectors which posted double-digit growth were publishing and printing, leather products, food manufacturing, fabricated metal products, petroleum products, transport equipment, beverages, furniture and fixtures and rubber products. Refer to Tables 2-B and 4.
On the other hand, Net Sales on a month-on-month basis dipped by 14.9 percent compared to the previous month�s (revised) slight growth of 1.8 percent. Sixteen (16) of the 20 major sectors posted decline in sales, with two-digit decreases observed in the following: fabricated metal products, electrical machinery, footwear and wearing apparel, furniture and fixtures, food manufacturing, beverages, tobacco, petroleum products, miscellaneous manufactures, machinery excluding electrical and textiles. Refer to Tables 2-B and 4.
- Producer's Price Index (PPI) expands further
Producer's Price Index (PPI) on a year-on-year comparison registered a two-digit growth of 19.5 percent in January 2006. Electrical machinery posted the highest price increase of 83.3 percent. Other sectors which exhibited double-digit increases were machinery excluding electrical, petroleum products, publishing and printing, footwear and wearing apparel, non-metallic mineral products and food manufacturing. Refer to Table 5.
PPI on a monthly basis increased by 6.7 percent in January 2006. Double-digit price increases were noted in the following sectors: electrical machinery and machinery excluding electrical. Refer to Table 5.
- Capacity Utilization
Average capacity utilization in January 2006 for total manufacturing was estimated at 80.2 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, petroleum products, electrical machinery, paper and paper products, miscellaneous manufactures, rubber products, leather products, basic metals, food manufacturing and chemical products. Refer to Table 6..
The proportion of establishments that operated at full capacity (90%-100%) was 10.8 percent in January 2006. More than half or 56.6 percent of the establishments operated at 70%-89% capacity and 32.6 percent of the establishments operated below 70% capacity.
Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, January 2006
(In percent)Capacity Utilization Percent Share Below 50 percent 4.2 50 percent - 59 percent 8.9 60 percent - 69 percent 19.5 70 percent - 79 percent 20.4 80 percent - 89 percent 36.2 90 percent - 100 percent 10.8 - Response Rate
The response rate for January 2006 is 88.7 percent, which corresponds to the retrieval of 440 sample establishments' reports. Refer to Table 7.
Response Rates for Total Manufacturing
(In percent)January 2006 December 2005
(revised)88.7 95.4 - Technical Notes
Starting 2004, weights for the Producer's Price Index (PPI) are based from the results of the 2000 Census of Philippine Business and Industry (CPBI) for establishments with average total employment (ATE) of 20 and over. Reference year for the 2000 CPBI is 1999. Refer to Press Release on Revision of 2004 PPI weights..
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
AdministratorTABLE 1-A. VALUE OF PRODUCTION INDEX, December 2005 - January 2006
(1994 =100)Gainers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Food Manufacturing
45.8
39.7
Petroleum Products
43.0
35.8
Beverages
17.8
-2.8
Transport Equipment
16.2
0.5
Basic Metals
13.2
-28.1
Furniture and Fixtures
94.8
116.4
Textiles
19.6
17.4
Fabricated Metal Products*
23.6
124.9
Tobacco
11.0
-18.7
Chemical Products
2.5
4.7
Publishing and Printing*
11.2
-42.1
Rubber Products
15.7
-15.4
Leather Products*
37.9
-9.0
Miscellaneous Manufactures
0.7
-3.4
Losers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Footwear and Wearing Apparel*
-20.7
-15.1
Wood and Wood Products
-57.5
-65.0
Machinery Excluding Electrical*
-35.2
-50.1
Non-Metallic Mineral Products
-9.6
9.2
Paper and Paper Products
-4.8
-5.2
Electrical Machinery
-0.8
16.4
TABLE 1-A. VALUE OF PRODUCTION INDEX, December 2005 - January 2006
(concluded)
(1994=100)Gainers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Basic Metals
9.1
-7.1
Beverages
7.2
6.3
Publishing and Printing*
30.6
-18.5
Rubber Products
36.0
-27.6
Leather Products*
89.6
-44.8
Wood and Wood Products
8.5
-9.1
Tobacco
2.8
-16.2
Machinery Excluding Electrical*
2.1
-28.2
Miscellaneous Manufactures
0.3
-10.3
Losers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Petroleum Products
-18.0
7.3
Footwear and Wearing Apparel*
-19.7
15.4
Foot Manufacturing
-4.4
-4.3
Fabricated Metal Products*
-43.4
82.8
Electrical Machinery
-5.9
1.1
Non-Metallic Mineral Products
-17.5
-7.8
Chemical Products
-3.8
-2.7
Paper and Paper Products
-4.6
-6.9
Furniture and Fixtures
-13.2
80.6
Textiles
-0.6
-14.4
Transport Equipment
-0.2
-16.9
Note: * - new sectors in the 1994-based seriesSectors are ranked according to their contribution to the overall 1994-based January 2006 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.
TABLE 1-B. VOLUME OF PRODUCTION INDEX, December 2005 - January 2006
(1994 = 100)Gainers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Food Manufacturing
31.7
34.4
Petroleum Products
17.0
15.8
Beverages
22.6
-7.2
Transport Equipment
17.3
0.5
Furniture and Fixtures
92.3
130.3
Textiles
18.3
14.8
Fabricated Metal Products*
28.5
138.7
Basic Metals
7.0
-35.2
Chemical Products
1.5
5.5
Tobacco
4.6
-24.6
Rubber Products
14.6
-16.2
Leather Products*
27.4
-16.1
Miscellaneous Manufactures
0.7
-5.3
Losers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Electrical Machinery
-45.9
-15.6
Footwear and Wearing Apparel*
-28.8
-9.3
Machinery Excluding Electrical*
-53.5
-62.7
Non-Metallic Mineral Products
-18.8
-5.6
Wood and Wood Products
-59.6
-65.3
Paper and Paper Products
-12.6
1.6
Publishing and Printing*
-4.8
-50.8
TABLE 1-B. VOLUME OF PRODUCTION INDEX, December 2005 - January 2006
(concluded)
(1994=100)Gainers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Beverages
16.9
6.3
Basic Metals
7.2
-7.1
Publishing and Printing*
30.5
-18.5
Rubber Products
36.0
-27.6
Leather Products*
79.6
-44.8
Wood and Wood Products
5.0
-9.2
Miscellaneous Manufactures
2.8
-9.8
Losers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Electrical Machinery
-25.9
-33.6
Petroleum Products
-18.8
7.4
Food Manufacturing
-12.6
-4.4
Footwear and Wearing Apparel*
-21.1
8.5
Fabricated Metal Products*
-46.5
82.8
Non-Metallic Mineral Products
-15.2
-13.6
Chemical Products
-4.3
-2.7
Paper and Paper Products
-9.8
-6.6
Machinery Excluding Electrical*
-9.1
-28.1
Furniture and Fixtures
-18.1
82.2
Tobacco
-3.1
-16.2
Transport Equipments
-0.3
-15.9
Textiles
-0.4
-14.3
Note: * - new sectors in the 1994-based seriesSectors are ranked according to their contribution to the overall 1994-based January 2006 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.
TABLE 2-A. VALUE OF NET SALES, December 2005 - January 2006
(1994=100)Gainers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Electrical Machinery
58.4
20.3
Food Manufacturing
33.2
24.8
Tobacco
191.8
-34.7
Petroleum Products
44.1
42.4
Transport Equipment
15.7
-2.1
Publishing and Printing*
68.3
-38.1
Chemical Products
7.3
3.1
Beverages
10.7
10.4
Basic Metals
5.6
14.9
Fabricated Metal Products*
14.2
105.4
Paper and Paper Products
9.4
2.5
Furniture and Fixtures
15.8
29.0
Rubber Products
12.4
-7.3
Leather Products*
29.3
-10.6
Losers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Wood and Wood Products
-54.5
-61.3
Machinery Excluding Electrical*
-38.2
-44.8
Textiles
-16.1
-14.6
Footwear and Wearing Apparel*
-11.0
0.5
Non-Metallic Mineral Products
-11.2
5.3
Miscellaneous Manufatures
-16.8
16.4
TABLE 2-A. VALUE OF NET SALES, December 2005 - January 2006 (concluded)
(1994=100)Gainers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Publishing and Printing*
56.8
-15.1
Rubber Products
40.6
-6.5
Leather Products*
66.2
-34.3
Paper and Paper Products
4.1
-1.7
Losers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Petroleum Products
-16.6
16.8
Food Manufacturing
-11.1
11.2
Electrical Machinery
-16.2
3.9
Beverages
-24.7
23.7
Fabricated Metal Products*
-46.3
72.9
Footwear and Wearing Apparel*
-19.2
-4.4
Chemical Products
-6.2
-0.9
Textiles
-13.4
-4.0
Tobacco
-12.8
-0.1
Basic Metals
-5.2
8.0
Miscellaneous Manufactures
-18.2
-2.5
Transport Equipment
-2.4
-2.7
Furniture and Fixtures
-14.2
0.1
Machinery Excluding Electrical*
-5.7
-29.5
Non-Metallic Mineral Products
-0.9
-7.4
Wood and Wood Products
-0.8
-9.8
Note: * - new sectors in the 1994-based seriesSectors are ranked according to their contribution to the overall 1994-based January 2006 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.
TABLE 2-B. VOLUME OF NET SALES, December 2005 - January 2006
(1994=100)Gainers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Tobacco
175.0
-39.4
Food Manufacturing
20.3
20.1
Petroleum Products
18.0
21.4
Transport Equipment
16.8
-2.1
Beverages
15.2
5.4
Chemical Products
6.2
3.9
Publishing and Printing*
43.9
-47.4
Fabricated Metal Products*
18.7
118.0
Furniture and Fixtures
14.3
37.3
Rubber Products
11.3
-8.2
Leather Products*
19.4
-17.7
Paper and Paper Products
0.5
9.9
Losers Year-on-Year Growth (percent) January 2006 December 2005
(revised)Electrical Machinery
-13.6
-12.8
Footwear and Wearing Apparel*
-20.1
7.4
Machinery Excluding Electrical*
-55.7
-58.8
Non-Metallic Mineral Products
-20.2
-9.0
Wood and Wood Products
-56.7
-61.6
Textiles
-17.0
-16.4
Miscellaneous Manufactures
-16.8
14.1
Basic Metals
-0.2
3.6
TABLE 2-B. VOLUME OF NET SALES, December 2005 - January 2006 (concluded)
(1994=100)Gainers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Publishing and Printing*
56.7
-15.1
Rubber Products
40.6
-6.5
Leather Products*
57.5
-34.3
Non-Metallic Mineral Products
1.8
-13.3
Losers Month-on-Month Growth (percent) January 2006 December 2005
(revised)Food Manufacturing
-18.7
11.0
Electrical Machinery
-34.0
-31.8
Petroleum Products
-17.3
17.0
Beverages
-17.8
23.7
Fabricated Metal Products*
-49.3
72.9
Footwear and Wearing Apparel*
-20.6
-10.1
Chemical Products
-6.6
-0.8
Tobacco
-17.8
-0.1
Basic Metals
-6.9
8.1
Textiles
-13.2
-3.9
Machinery Excluding Electrical*
-16.1
-29.5
Miscellaneous Manufactures
-16.2
-1.9
Transport Equipment
-2.5
-1.5
Furniture and Fixtures
-19.0
1.0
Wood and Wood Products
-4.0
-9.9
Paper and Paper Products
-1.7
-1.3
Note: * - new sectors in the 1994-based seriesSectors are ranked according to their contribution to the overall 1994-based January 2006 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
