Monthly Integrated Survey of Selected Industries : January 2009

Reference Number: 

2009-020

Release Date: 

Tuesday, March 24, 2009

 

Total Manufacturing January 2009 December 2008
Year-on-Year Growth  
Production Index (2000=100)  
Value(VaPI) -16.8 -7.6r
Volume(VoPI) -19.9 -14.2r
Net Sales Index (2000=100)  
Value(VaNSI) -14.7 -17.8r
Volume(VoNSI) -17.7 -23.7r
Producer Price Index(2000=100) 3.8r 7.7r
AVERAGE CAPACITY UTILIZATION 77.5 80.6

 

·  Value of Production falls at two-digit in January 2009

Value of Production Index (VaPI) for the manufacturing industry continued its downtrend as it dropped by 16.8 percent in January 2009, compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the sluggish performance in production exhibited by 18 major sectors and with two-digit declines observed in the following:petroleum products, leather products, basic metals, tobacco products, miscellaneous manufactures, furniture and fixtures, paper and paper products, textiles, electrical machinery, publishing and printing, transport equipment, footwear and wearing apparel, and machinery except electrical. However, positive growths in VaPI were observed for the non-metallic mineral products andbeverages industries>. Refer to Tables 1-A and 1.

VaPI, on a month-on-month basis, decelerated by 24.2 percent in January 2009. This was due to the significant decreases reported by the following major sectors:petroleum products, food manufacturing, leather products, tobacco products, chemical products, basic metals, electrical machinery, and machinery except electricalRefer to Tables 1-A and 1.

·  Volume of Production also posts a two-digit decline

On a yearly comparison, the Volume of Production Index (VoPI) likewise, recorded a two-digit decrease of 19.9 percent in January 2009. Eighteen (18) of the 20 major sectors exhibited decreases in production output, with two-digit decreases reported by the following major sectors: petroleum products, leather products, basic metals, tobacco products, miscellaneous manufactures, furniture and fixtures, paper and paper products, textiles, electrical machinery, footwear and wearing apparel, transport equipment, fabricated metal products, publishing and printing, machinery except electrical, and chemical productsRefer to Tables 1-B and 2.

VoPI, on a monthly comparison, posted a two-digit drop of 22.4 percent in January 2009. Sixteen major sectors accounted for the declines in factory output led by the following: petroleum products, food manufacturing, leather products, tobacco products, chemical products, basic metals, and electrical machineryRefer to Tables 1-B and 2.

 

 

Value of Net Sales decelerates at a slower rate

Value of Net Sales Index (VaNSI), on a year-on-year basis, continued its downtrend at a slower rate of 14.7 percent in January 2009. Fifteen major sectors reported decreases in sales value, led by furniture and fixtures, with a decline of 39.4 percent. Other sectors that significantly contributed to the decrease were the following: textiles, leather products, petroleum products, basic metals, paper and paper products, tobacco products, miscellaneous manufactures, transport equipment, electrical machinery, and food manufacturingRefer to Tables 2-A and 3.

On a monthly basis, VaNSI went down by 7.2 percent in January 2009. This was due to the decline observed in 11 major sectors, with two-digit decreases observed in the following: tobacco products, transport equipment, machinery except electrical, beverages, and petroleum productsRefer to Tables 2-A and 3.

·  Volume of Net Sales also on the downtrend

Volume of Net Sales Index (VoNSI), on a year-on-year basis, decelerated posting a two-digit declines of 17.7 percent in January 2009. The decline was exhibited by 17 major sectors, with two-digit decreases observed in the following: textiles, furniture and fixtures, leather products, basic metals, paper and paper products, electrical machinery, transport equipment, tobacco products, miscellaneous manufactures, food manufacturing, and machinery except electricalRefer to Tables 2-B and 4.

VoNSI, on a month-on-month basis, dropped at 5.0 percent in January 2009. Significant contractions in sales volume were noted in the following major sectors:transport equipment, tobacco products, beverages, furniture and fixtures, andmachinery except electricalRefer to Tables 2-B and 4.

 

·  Capacity Utilization

Average capacity utilization in January 2009 for total manufacturing was estimated at 77.5 percent. Eight major sectors that registered capacity utilization rates of 80% and more were the following: basic metals, food manufacturing, leather products, paper and paper products, miscellaneous manufactures, electrical machinery, chemical products, and rubber and plastic productsRefer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.9 percent in December 2008. More than half or 60.2 percent of the establishments operated at 70% to 89% capacity while 27.9 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization 
Total Manufacturing, January 2009

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.6

50 percent - 59 percent

7.5

60 percent - 69 percent

15.8

70 percent - 79 percent

21.7

80 percent - 89 percent

38.5

90 percent - 100 percent

11.9

 

·  Response Rates

The response rates for the January 2009 MISSI and PPS are 83.1 percent and 91.9 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

January 2009

December 2008
(revised)

MISSI

83.1

93.6r

PPS

91.9r

99.7r

 

                                                     r-revised

·  Technical Notes

Only the 2000 based series will be continued beginning the July 2008 issue.

Starting with the February 2008 issue, a revised industry disaggregation of the MISSI indices and PPI will be adopted to conform with the amended 1994 PSIC groupings.Rubber and Plastic Products is a new major sector, consisting of two subsectors, namely: Rubber Products and Plastic ProductsRubber Products was previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.

With previously seven (7) subsectors, the major sector of Chemical Products has now six (6) subsectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations, and Miscellaneous Chemicals.

The major sector of Machinery except Electrical has been split into two subsectors, namely: Machinery and Equipment, n.e.c. and Office, Accounting and Computing Machinery.

The corresponding weights of the above major sectors and sub-sectors have been recomputed to allow for the revised computation of the indices.

Thus, beginning the February 2008 issue, the VaPI, VoPI, VaNSI, VoNSI and the revised PPI for Total Manufacturing for all months of 2008 are computed based on the revised industry disaggregation.

Starting 2008, weights for the PPI and Capacity Utilization Rates are based from the results of the 2005 Annual Survey of Philippine Business and Industry for manufacturing establishments with average total employment of 20 and over.

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


TABLE 1-A. VALUE OF PRODUCTION INDEX, December 2008 - January 2009
(2000=100)
 

Gainers

Year-on-Year Growth (%)

 

January 2009

December 2008
(revised)

Beverages

7.1

6.0

Non-Metallic Mineral Products

10.0

8.2

 

Losers

Year-on-Year Growth (%)

January 2009

December 2008
(revised)

Petroleum Products

-76.4

-46.4

Electrical Machinery

-15.9

-0.2

Basic Metals

-29.3

-16.1

Machinery Except Electrical

-11.2

-39.0

Transport Equipment

-13.4

-11.9

Tobacco Products

-29.2

14.8

Miscellaneous Manufactures

-27.8

-64.8

Chemical Products (excluding Plastic Products)

-6.2

-1.0

Paper and Paper Products

-21.2

-2.6

Footwear and Wearing Apparel

-12.1

8.6

Textiles

-16.7

-22.7

Furniture and Fixtures

-23.2

-24.5

Publishing and Printing

-14.7

-15.9

Leather Products

-38.0

-9.7

Rubber and Plastic Products*

-1.8

4.4

Fabricated Metal Products

-2.1

22.5

Food Manufacturing

b/

6.3

Wood and Wood Products

-0.4

7.5

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, December 2008 - January 2009 (concluded)
(2000=100)
 

Gainers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

Miscellaneous Manufactures

69.5

-44.6

Non-Metallic Mineral Products

0.1

-3.4

Textiles

10.7

-12.2

 

Losers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

Petroleum Products

-65.3

2.0

Food Manufacturing

-39.2

5.0

Electrical Machinery

-13.0

-10.5

Machinery Except Electrical

-12.8

-11.0

Chemical Products (excluding Plastic Products)

-14.0

-4.3

Basic Metals

-13.8

-5.4

Beverages

-9.7

-2.0

Tobacco Products

-15.2

-10.8

Footwear and Wearing Apparel

-5.5

-7.4

Fabricated Metal Products

-8.0

-14.4

Rubber and Plastic Products*

-4.0

-4.3

Publishing and Printing

-6.9

-6.6

Paper and Paper Products

-2.9

2.7

Wood and Wood Products

-8.8

-5.6

Leather Products

-17.8

-33.9

Transport Equipment

-0.6

-20.6

Furniture and Fixtures

-0.4

-0.4

 

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 January 2009 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 2008 - January 2009
(2000=100)
 

Gainers

Year-on-Year Growth (%)

January 2009

December 2008
(revised)

Rubber and Plastic Products*

6.5

-1.4

Non-Metallic Mineral Products

1.3

-0.1

 

Losers

Year-on-Year Growth (%)

January 2009

December 2008
(revised)

Petroleum Products

-67.8

-29.8

Electrical Machinery

-24.1

-14.7

Basic Metals

-36.9

-28.7

Machinery Except Electrical

-16.0

-46.6

Chemical Products (excluding Plastic Products)

-12.9

-9.6

Food Manufacturing

-5.3

-3.1

Transport Equipment

-19.0

-15.4

Footwear and Wearing Apparel

-22.5

-3.8

Tobacco Products

-29.7

12.8

Miscellaneous Manufactures

-28.1

-64.1

Paper and Paper Products

-27.1

-9.1

Textiles

-26.9

-32.2

Fabricated Metal Products

-18.7

8.1

Furniture and Fixtures

-27.8

-21.7

Publishing and Printing

-17.1

-23.4

Beverages

-2.8

-4.9

Leather Products

-43.3

-16.6

Wood and Wood Products

-1.7

2.8

 

 

Losers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

TABLE 1-B. VOLUME OF PRODUCTION INDEX, December 2008 - January 2009(concluded)
(2000=100)
 

Gainers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

Petroleum Products

-63.2

13.9

Food Manufacturing

-39.3

5.9

Electrical Machinery

-10.5

-12.3

Chemical Products (excluding Plastic Products)

-14.6

-4.3

Machinery Except Electrical

-5.3

-9.3

Basic Metals

-11.5

-0.4

Beverages

-9.7

-2.0

Tobacco Products

-14.9

-10.8

Footwear and Wearing Apparel

-6.2

-11.6

Fabricated Metal Products

-9.1

-14.4

Publishing and Printing

-6.9

-6.6

Paper and Paper Products

-4.0

4.3

Transport Equipment

-1.2

-20.8

Wood and Wood Products

-8.8

-5.6

Leather Products

-17.8

-33.9

Furniture and Fixtures

-3.9

-2.3

Miscellaneous Manufactures

72.7

-44.2

Rubber and Plastic Products*

8.6

-2.6

Textiles

11.5

-12.0

Non-Metallic Mineral Products

0.4

-4.2

Notes

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based January 2009 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 INDEX, December 2008 - January 2009
(2000=100)
 

Gainers

Year-on-Year Growth (%)

January 2009

December 2008
(revised)

Footwear and Wearing Apparel

22.3

2.7

Beverages

9.3

-6.4

Chemical Products (excluding Plastic Products)

4.2

-4.0

Non-Metallic Mineral Products

8.5

24.2

Fabricated Metal Products

26.5

24.3

 

Losers

Year-on-Year Growth (%)

January 2009

December 2008
(revised)

Electrical Machinery

-21.6

-19.5

Petroleum Products

-29.6

-27.2

Food Manufacturing

-11.7

-13.9

Basic Metals

-27.5

-39.8

Transport Equipment

-22.7

-11.2

Machinery Except Electrical

-9.8

-37.6

Textiles

-39.1

-31.8

Tobacco products

-26.4

44.2

Paper and Paper Products

-26.5

-8.0

Miscellaneous Manufactures

-23.6

-57.3

Furniture and Fixtures

-39.4

-44.6

Leather Products

-30.8

-23.9

Rubber and Plastic Products*

-3.9

-4.2

Publishing and Printing

-3.0

-23.1

Wood and Wood Products

-4.9

-19.0

 

 

TABLE 2-A. VALUE OF NET SALES INDEX, December 2008 - January 2009
(concluded)
(2000=100) 
 

Gainers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

Miscellaneous Manufactures

50.8

-53.4

Basic Metals

12.8

-13.0

Non-Metallic Mineral Products

8.5

-12.3

Publishing and Printing

18.9

-13.3

Rubber and Plastic Products*

3.6

-9.7

Footwear and Wearing Apparel

1.2

5.2

Paper and Paper Products

1.1

-3.8

Textiles

0.7

-8.6

Wood and Wood Products

0.4

1.1

 

Losers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

Machinery Except Electrical

-17.4

-4.3

Electrical Machinery

-8.9

-11.7

Petroleum Products

-14.3

-6.2

Food Manufacturing

-6.2

6.0

Transport Equipment

-23.9

-3.5

Beverages

-16.4

20.3

Chemical Products (excluding Plastic Products)

-7.3

-3.6

Tobacco Products

-24.1

19.9

Fabricated Metal Products

-4.8

-18.2

Furniture and Fixtures

-7.9

-13.7

Leather Products

-8.6

-44.1

 

Note:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based January 2009 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.

Losers

Year-on-Year Growth (%)

January 2009

December 2008
(revised)

TABLE 2-B. VOLUME OF NET SALES INDEX, December 2008 - January 2009
(2000=100)
 

Gainers

Year-on-Year Growth (%)

January 2009

December 2008
(revised)

Electrical Machinery

-29.3

-31.3

Food Manufacturing

-16.3

-21.4

Basic Metals

-35.3

-48.8

Machinery Except Electrical

-14.7

-45.4

Transport Equipment

-27.7

-14.8

Textiles

-46.5

-40.1

Paper and Paper Products

-32.0

-14.1

Tobacco Products

-27.0

41.7

Miscellaneous Manufactures

-23.9

-57.2

Petroleum Products

-4.0

-4.8

Furniture and Fixtures

-43.0

-42.5

Chemical Products (excluding Plastic Products)

-3.3

-12.3

Fabricated Metal Products

-9.9

9.7

Leather Products

-36.7

-29.8

Publishing and Printing

-5.7

-29.9

Beverages

-0.7

-16.0

Wood and Wood Products

-6.3

-22.6

Footwear and Wearing Apparel

7.9

-9.0

Non-Metallic Mineral Products

3.7

3.4

Rubber and Plastic Products*

4.2

-9.5

 

TABLE 2-B. VOLUME OF NET SALES INDEX, December 2008 - January 2009
(concluded)
(2000=100)
 

Gainers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

Miscellaneous Manufactures

53.7

-53.1

Basic Metals

15.8

-8.5

Non-Metallic Mineral Products

8.8

-13.0

Publishing and Printing

18.9

-13.3

Rubber and Plastic Products*

17.2

-8.0

Textiles

1.5

-8.4

Footwear and Wearing Apparel

0.3

0.4

Wood and Wood Products

0.4

1.1

 

Losers

Month-on-Month Growth (%)

January 2009

December 2008
(revised)

Electrical Machinery

-6.3

-13.4

Food Manufacturing

-6.3

6.9

Transport Equipment

-24.3

-3.8

Machinery Except Electrical

-10.4

-2.5

Petroleum Products

-9.1

4.8

Beverages

-16.3

20.3

Chemical Products (excluding Plastic Products)

-8.0

-3.6

Tobacco Products

-23.9

19.9

Fabricated Metal Products

-6.0

-18.1

Furniture and Fixtures

-11.1

-15.3

Leather Products

-8.6

-44.1

Paper and Paper Products

b/

-2.4

 

Note:

*  -   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 January 2009 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

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