Monthly Integrated Survey of Selected Industries : January 2011

Reference Number: 

2011-023

Release Date: 

Tuesday, March 29, 2011
 
Total Manufacturing    January 2011     December 2010
Year-on-Year Growth  
    Production Index (2000=100)  
            Value         (VaPI) 21.8 8.5r
            Volume     (VoPI) 25.8 15.3r
    Net Sales Index (2000=100)  
            Value        (VaNSI) 3.1 7.0r
            Volume     (VoNSI) 6.4 13.7r
    Producer Price Index (2000=100) -3.6r -5.9r
    AVERAGE CAPACITY UTILIZATION 83.3 83.6r

                                                                   r-revised
                                           

 

  • Value of Production exhibited a two-digit growth in January 2011

    Value of Production Index (VaPI) for total manufacturing recorded a two-digit annual growth of 21.8 percent from a single-digit increase of 8.5 percent in December 2010, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to 15 major sectors, and for the two-digit increment in production values observed for the following: food manufacturing, fabricated metal products, miscellaneous manufactures, petroleum products, leather products, chemical products, electrical machinery, textiles, and footwear and wearing apparel. Refer to Tables 1-A and 1.

    On the other hand, VaPI on a monthly basis, slid 4.5 percent in January 2011 compared with previous month�s gain of 3.5 percent. This was mainly due to the two-digit reduction in production values reported by four major sectors, namely: basic metals, publishing and printing, footwear and wearing apparel and beverages. Refer to Tables 1-A and 1.

  • Volume of Production steps up in January 2011

    Volume of Production Index (VoPI) continued to accelerate as it posted a year-on-year growth of 25.8 percent in January 2011. This was accounted by sixteen major sectors reporting increases in production output, and with two-digit increases observed in the following: food manufacturing, miscellaneous manufactures, electrical machinery, fabricated metal products, chemical products, furniture and fixtures, and petroleum products. Refer to Tables 1-B and 2.

    VoPI, however, on a monthly basis, decelerated 6.2 percent in January 2011. Significant reductions in factory output were noted in the following major sectors: basic metals, publishing and printing, footwear and wearing apparel, food manufacturing and beverages. Refer to Tables 1-B and 2.

Figure 1

 

Figure 2

  • Value of Net Sales maintains positive growth

    Value of Net Sales Index (VaNSI) registered a slower year-on-year growth of 3.1 percent in January 2011. This may be attributed to the slowdown in the annual growth sales in food manufacturing, petroleum products, beverages, basic metals and textiles. While the major contributing sectors with significant increases in value of production were: miscellaneous manufactures, footwear and wearing apparel, furniture and fixtures, fabricated metal products and transport equipment. Refer to Tables 2-A and 3.

    On a month-on-month comparison, VaNSI fell 9.3 percent in January 2011. This was brought about by the decline in sales observed in 15 major sectors, with seven sectors significantly contributing to the decrease, namely: beverages, tobacco products, leather products, food manufacturing, basic metals, footwear and wearing apparel and petroleum products. Refer to Tables 2-A and 3.

  • Volume of Net Sales posts slower rate of growth

    On a yearly comparison, Volume of Net Sales Index (VoNSI) grew at a slower rate of 6.4 percent in January 2011. This can be attributed mainly to the slowdown in the sales volume in the beverages sector. Sustained growth in sales output, however, was contributed by 10 major sectors led by miscellaneous manufactures (52.0%) and furniture and fixtures (29.2%). Refer to Tables 2-B and 4.

    VoNSI, on a monthly basis, dropped 10.9 percent in January 2011. Significant contractions in sales volume were noted in nine major sectors: tobacco products, beverages, food manufacturing, basic metals, leather products, petroleum products, footwear and wearing apparel, electrical machinery and fabricated metal products. Refer to Tables 2-B and 4.

Figure 3

 

  • Capacity Utilization

    Average capacity utilization in January 2011 for total manufacturing stood at 83.3 percent. Eleven major sectors registered capacity utilization rates of 80 percent and more, namely: food manufacturing, basic metals, petroleum products, machinery except electrical, electrical machinery, non-metallic mineral products, miscellaneous manufactures, paper and paper products, chemical products, rubber and plastic products and leather products. Refer to Table 6.

    The proportion of establishments that operated at full capacity (90% to 100%) was 16.8 percent in January 2011. About 61.1 percent of the establishments operated at 70% to 89% capacity while 22.1 percent of the establishments operated below 70% capacity.

 

 
Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, January 2011

(In percent)
Capacity Utilization Percent Share
Below 50 percent 4.5
50 percent - 59 percent 6.8
60 percent - 69 percent 10.8
70 percent - 79 percent 21.5
80 percent - 89 percent 39.6
90 percent - 100 percent 16.8

 

  • Response Rates

    The response rates for the January 2011 MISSI and PPS are 82.1 percent and 88.2 percent, respectively. Refer to Tables 7 and 8

 

Response Rates for Total Manufacturing
(In percent)
  January 2011 December 2010
(revised)
MISSI 82.1 93.7r
PPS 88.2r 92.5r

 

 

                                                                                 r-revised

  • Technical Notes

    The Monthly Integrated of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office to provide 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

 


 

TABLE 1-A. Value of Production Index, December 2010 - January 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
January 2011 December 2010
(revised)
 

Food Manufacturing

62.1

9.0

Petroleum Products

25.0

32.5

Electrical Machinery

14.5

1.7

Chemical Products

16.6

-14.6

Miscellaneous Manufactures

31.5

44.0

Fabricated Metal Products

32.4

29.4

Beverages

9.1

10.1

Footwear and Wearing Apparel

10.8

2.2

Transport Equipment

5.8

3.7

Textiles

11.9

19.9

Rubber and Plastic Products*

7.0

12.7

Non-Metallic Mineral Products

5.8

2.9

Leather Products

20.8

9.0

Paper Products

1.8

9.6

Furniture and Fixtures

1.7

-0.4

 
Losers Year-on-Year Growth (%)
January 2011 December 2010
(revised)
 

Tobacco Products

-72.0

-69.8

Basic Metals

-26.0

19.3

Machinery Except Electrical

-8.5

7.1

Publishing and Printing

-12.3

6.9

Wood and Wood Products

-14.6

-23.9

 

TABLE 1-A. Value of Production Index, December 2010 - January 2011 (concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
January 2011 December 2010
(revised)
 

Chemical Products

25.9

-11.0

Electrical Machinery

3.3

8.1

Transport Equipment

9.6

-19.2

Petroleum Products

2.1

9.1

Leather Products

28.1

-5.5

Tobacco Products

0.7

-42.1

Textiles

a/

2.5

 
Losers Month-on-Month Growth (%)
January 2011 December 2010
(revised)
 

Basic Metals

-38.5

14.1

Food Manufacturing

-9.4

4.0

Beverages

-10.0

10.4

Machinery Except Electrical

-4.7

0.3

Footwear and Wearing Apparel

-10.0

21.5

Publishing and Printing

-17.6

-1.4

Non-Metallic Mineral Products

-4.6

3.5

Paper and Paper Products

-5.1

3.7

Miscellaneous Manufactures

-1.1

-4.9

Rubber and Plastic Products*

-0.5

-5.2

Furniture and Fixtures

-0.8

9.2

Fabricated Metal Products

-0.4

3.0

Wood and Wood Products

-0.9

-27.9

Notes:

* - new sector in the 2000-based series

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

 

TABLE 1-B. Volume of Production Index, December 2010 - January 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
January 2011 December 2010
(revised)
 

Food Manufacturing

51.3

4.3

Electrical Machinery

35.7

23.5

Chemical Products

16.7

-13.4

Petroleum Products

11.4

18.6

Miscellaneous Manufactures

35.7

48.4

Machinery Except Electrical

5.6

16.0

Fabricated Metal Products

25.0

21.1

Beverages

6.9

9.0

Transport Equipment

4.8

3.1

Non-Metallic Mineral Products

4.4

-4.0

Furniture and Fixtures

12.4

7.7

Textiles

3.6

17.1

Paper and Paper Products

3.5

16.7

Footwear and Wearing Apparel

1.3

-6.4

Leather Products

8.9

-2.6

Rubber and Plastic Products*

a/

11.8

 
Losers Year-on-Year Growth (%)
January 2011 December 2010
(revised)
 

Basic Metals

-32.2

21.1

Tobacco Products

-73.3

-70.7

Publishing and Printing

-12.3

3.3

Wood and Wood Products

-14.6

-23.9

 

TABLE 1-B. Volume of Production Index, December 2010 - January 2011(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
January 2011 December 2010
(revised)
   
 

Chemical Products

25.6

-10.8

Transport Equipment

8.7

-19.7

Electrical Machinery

1.5

3.3

Leather Products

28.1

-5.5

 

                         Losers

             Month-on-Month Growth (%)
  January 2011 December 2010
(revised)

Food Manufacturing

-11.4

3.4

Basic Metals

-40.6

11.7

Machinery Except Electrical

-6.9

-2.1

Beverages

-11.2

10.4

Footwear and Wearing Apparel

-11.7

21.5

Publishing and Printing

-17.6

-1.4

Paper and Paper Products

-8.6

3.7

Non-Metallic Mineral Products

-4.6

1.7

Tobacco Products

-3.9

-42.1

Rubber and Plastic Products*

-2.4

-5.8

Furniture and Fixtures

-4.7

5.1

Miscellaneous Manufactures

-1.4

-3.2

Fabricated Metal Products

-1.5

2.9

Petroleum Products

-0.1

5.4

Textiles

-0.5

1.2

Wood and Wood Products

-0.9

-27.9

Notes

* - new sector in the 2000-based series

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

 

TABLE 2-A. Value of Net Sales Index, December 2010 - January 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
January 2011 December 2010
(revised)
 

Miscellaneous Manufactures

47.3

39.1

Footwear and Wearing Apparel

22.1

3.9

Chemical Products

6.1

-1.6

Transport Equipment

11.7

19.2

Petroleum Products

3.9

15.3

Food Manufacturing

2.4

12.6

Beverages

8.4

12.8

Basic Metals

6.8

17.5

Fabricated Metal Products

15.8

15.6

Furniture and Fixtures

16.9

-11.4

Textiles

3.4

28.5

Rubber and Plastic Products*

2.8

20.8

Publishing and Printing

2.1

-32.5

 
Losers Year-on-Year Growth (%)
January 2011 December 2010
(revised)
 

Tobacco Products

-80.0

-69.5

Non-Metallic Mineral Products

-7.4

-6.8

Machinery Except Electrical

-1.4

-14.6

Electrical Machinery

-0.5

-1.4

Wood and Wood Products

-15.6

-20.0

Paper and Paper Products

-3.3

-0.7

Leather Products

-4.7

26.4

 

TABLE 2-A. Value of Net Sales Index, December 2010 - January 2011
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
January 2011 December 2010
(revised)
 

Chemical Products

11.3

-7.8

Furniture and Fixtures

19.5

-16.9

Miscellaneous Manufactures

0.9

a/

Non-Metallic Mineral Products

0.4

-6.1

Textiles

0.4

-2.6

 
Losers Month-on-Month Growth (%)
January 2011 December 2010
(revised)
 

Food Manufacturing

-15.2

7.4

Electrical Machinery

-9.4

5.8

Petroleum Products

-11.1

11.8

Beverages

-23.7

20.6

Basic Metals

-13.7

7.2

Tobacco Products

-22.3

-20.4

Transport Equipment

-8.9

17.2

Footwear and Wearing Apparel

-11.3

25.9

Machinery Except Electrical

-2.7

0.1

Fabricated Metal Products

-9.1

4.8

Rubber and Plastic Products

-7.5

-1.4

Wood and Wood Products

-9.3

4.7

Leather Products

-15.4

14.9

Publishing and Printing

-1.2

-4.8

Paper and Paper Products

-0.4

-8.3

 

Note:

* - new sector in the 2000-based series

a/ - Less than 0.1 percent increase

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

 

TABLE 2-B. Volume of Net Sales Index, December 2010 - January 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
January 2011 December 2010
(revised)
 
 

Electrical Machinery

17.9

19.7

Machinery Except Electrical

13.8

6.7

Miscellaneous Manufactures

52.0

43.3

Chemical Products

6.2

-0.2

Transport Equipment

10.7

18.5

Footwear and Wearing Apparel

11.6

-4.8

Beverages

6.3

11.7

Furniture and Fixtures

29.2

-4.2

Fabricated Metal Products

9.4

8.2

Publishing and Printing

2.1

-34.7

 

 Losers

Year-on-Year Growth (%)
January 2011 December 2010
(revised)

Tobacco Products

-80.9

-70.5

Petroleum Products

-7.4

3.2

Food Manufacturing

-4.4

7.7

Non-Metallic Mineral Products

-8.7

-7.9

Basic Metals

-2.2

19.3

Wood and Wood Products

-15.6

-20.0

Textiles

-4.2

25.5

Rubber and Plastic Products*

-3.9

19.9

Leather Products

-14.1

12.9

Paper and Paper Products

-1.7

5.7

 

TABLE 2-B. Volume of Net Sales Index, December 2010 - January 2011
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
January 2011 December 2010
(revised)
 

Chemical Products

11.1

-7.6

Furniture and Fixtures

14.8

-20.0

Miscellaneous Manufactures

0.7

1.9

Non-Metallic Mineral Products

0.3

-7.7

 
Losers Month-on-Month Growth (%)
January 2011 December 2010
(revised)
 

Food Manufacturing

-17.1

6.8

Electrical Machinery

-11.0

4.3

Petroleum Products

-13.1

7.9

Beverages

-24.6

20.6

Basic Metals

-16.6

5.0

Tobacco Products

-25.9

-20.4

Machinery Except Electrical

-4.8

-2.3

Transport Equipment

-9.6

16.5

Footwear and Wearing Apparel

-13.0

25.9

Fabricated Metal Products

-10.1

4.8

Rubber and Plastic Products*

-9.3

-2.0

Paper and Paper Products

-4.1

-8.3

Wood and Wood Products

-9.3

4.7

Leather Products

-15.4

14.9

Publishing and Printing

-1.2

-4.8

Textiles

-0.1

-3.9

Note:

*  -   new sector in the 2000-based series

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

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