Monthly Integrated Survey of Selected Industries : January 2012

Reference Number: 

2012-021

Release Date: 

Thursday, March 15, 2012

 

 

    Table A Year-on-Year Growth Rates of Value and Volume of Production Index, Value and Volume of Net Sales Index and Producer Price Index: January 2012 and December 2011

Total Manufacturing    January 2012        December 2011      
Year-on-Year Growth  
    Production Index (2000=100)  
            Value         (VaPI) 2.6 -6.2r
            Volume     (VoPI) 0.2 -7.6r
    Net Sales Index (2000=100)  
            Value        (VaNSI) 1.6 1.0r
            Volume     (VoNSI) -0.7 -0.6r
    Producer Price Index (2000=100) 2.4r 1.6

                                                                                                                                                                    r-revised
                                           

 

  • Value of Production steps up in January 2012

    Value of Production Index (VaPI) for total manufacturing reflected a year-on-year increment of 2.6 percent in January 2012, after registering declines in the last 3 months of 2011, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Sectors that mainly influenced the increase were the following: furniture and fixtures (48.3%), publishing and printing (20.9%), footwear and wearing apparel (16.6%), petroleum products (16.1%) and food manufacturing (12.2%). Refer to Tables 1-A and 1.

    On a month-on-month comparison, however, VaPI dropped to 4.7 percent in January 2012. This was attributed to the diminished production values of tobacco products (-44.6%), publishing and printing (-21.1%), chemical products (-16.2%), beverages (13.5%) and non-metallic mineral products (-10.1%). Refer to Tables 1-A and 1.

  • Volume of Production also recovers in January 2012.

    Volume of Production Index (VoPI) likewise recorded an annual growth posting slightly to 0.2 percent in January 2012. This was accounted mainly by the expansion in production output of furniture and fixtures, with three-digit growth of 109.9 percent. Other major sectors that significantly contributed to the growth were publishing and printing (20.9%), footwear and wearing apparel (16.2%) and wood and wood products (11.4%). Refer to Tables 1-B and 2.

    VoPI, on a monthly basis, exhibited a decrement of 7.8 percent in January 2012 compared with 1.2 percent increase recorded in the previous month. Seven of the 13 major sectors reported double-digit declines as follows: tobacco products (-44.0%), publishing and printing (-21.1%), chemical products (-18.9%), food manufacturing (-16.1%), beverages (-14.0%), rubber and plastic products (-12.3%) and machinery except electrical (-11.1%). Refer to Tables 1-B and 2.

Figure 1

 

Figure 2

  • Value of Net Sales continues to grow in January 2012

    Value of Net Sales Index (VaNSI) continues to gain as it posted an annual growth of 1.6 percent in January 2012. Among the 10 major sectors reporting increases in VaNSI, five (5) major sectors significantly contributed to the growth, namely: petroleum products (26.9%), wood and wood products (21.0%), non-metallic mineral products (17.4%), publishing and printing (17.0%) and rubber and plastic products (13.2%). Refer to Tables 2-A and 3.

    On a month-on-month basis, VaNSI went down by 9.2 percent in January 2012. This was accounted for by nine (9) major sectors which recorded decline in VaNSI, offsetting the increases reported by 11 major sectors. Refer to Tables 2-A and 3.

  • Volume of Net Sales declines

    Volume of Net Sales Index (VoNSI) declined to 0.7 percent in January 2012. Significant drops in VoNSI were noted in the following major sectors: basic metals (-21.0%), footwear and wearing apparel (-15.0%) and transport equipment (-11.7%). Refer to Tables 2-B and 4.

    VoNSI, likewise, recorded a month-on-month decrease of 12.1 percent in January 2012. Five major sectors that registered double-digit decreases in VoNSI were as follows: basic metals (-27.7%), food manufacturing (-27.2%), chemical products (-17.9%), beverages (-15.3%) and publishing and printing (-10.4%). Refer to Tables 2-B and 4.

Figure 3

 

  • Capacity Utilization in January 2012

    Average capacity utilization in January 2012 for total manufacturing stood at 83.0 percent. Ten of the 20 major sectors registered capacity utilization rates of more than 80 percent, namely: basic metals (87.0%), petroleum products (86.9%), food manufacturing (86.2%), electrical machinery (84.6%), non-metallic mineral products (83.7%), rubber and plastic products (83.2%), chemical products (82.7%), paper and paper products (82.6%), machinery except electrical (82.2%) and miscellaneous manufactures (81.8%). Refer to Table 6.

    The proportion of establishments that operated at full capacity (90% to 100%) was 18.2 percent in January 2012. About 59.1 percent of the establishments operated at 70% to 89% capacity while 22.7 percent of the establishments operated below 70% capacity.

 

Table B Distribution of Key Manufacturing Establishments by Capacity Utilization
for Total Manufacturing, January 2012

(In percent)
Capacity Utilization Percent Share
Below 50 percent 4.1
50 percent - 59 percent 6.9
60 percent - 69 percent 11.7
70 percent - 79 percent 19.6
80 percent - 89 percent 39.5
90 percent - 100 percent 18.2

 

                                                                        r-revised


TECHNICAL NOTES

  • Introduction

    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.

    Beginning with the January 2012 MISSI, the monthly report for the survey will be released earlier, that is, 45 days after each reference month instead of the 55 days.

    The indicators generated from the 2012 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 2012 Producer Price Index as deflator.

  • Method of Index Computation

    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).

    For the 2012 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 weights are computed from the value of products sold plus change in inventories.

    The formulas in the computation are as follows:

    Figure 1

    Figure 2

    Figure 3

    Figure 4

    Figure 5

     

  • Industry Coverage

    The industry coverage of the 2012 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

     

  • Response Rate

    The response rates for the January 2012 MISSI and PPS are 77.3 percent and 87.0 percent, respectively. Refer to Tables 7 and 8

 

Table C Response Rates for Total Manufacturing
(In percent)
  January 2012 December 2011
(revised)
MISSI 77.3 89.4r
PPS 87.0r 95.6r

 

Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimated are done upon receipt of actual reports of late respondents.

 

                                                                                                                       (Sgd.) CARMELITA N. ERICTA
                                                                                                                           Administrator
ABLE 1-A. Value of Production Index, December 2011 - January 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
January 2012 December 2011
(revised)
 

Food Manufacturing

12.2

-26.3

Petroleum Products

16.1

7.8

Footwear and Wearing Apparel

16.6

11.7

Furniture and Fixtures

48.3

20.2

Publishing and Printing

20.9

28.0

Rubber and Plastic Products

7.8

19.5

Non-Metallic Mineral Products

1.9

7.9

Machinery Except Electrical

0.6

-16.4

Wood and Wood Products

1.5

1.9

 
Losers Year-on-Year Growth (%)
January 2012 December 2011
(revised)
 

Electrical Machinery

-4.4

-6.6

Tobacco Products

-23.6

43.6

Fabricated Metal Products

-25.4

-23.5

Transport Equipment

-8.0

6.1

Chemical Products

-3.9

50.8

Basic Metals

-5.9

-14.8

Textiles

-13.8

-12.6

Beverages

-4.8

19.3

Miscellaneous Manufactures

-9.4

-18.5

Paper and Paper Products

-7.8

-12.1

Leather Products

-24.2

-14.5

 

TABLE 1-A. Value of Production Index, December 2011 - January 2012 (concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
January 2012 December 2011
(revised)
 

Petroleum Products

10.0

-0.7

Miscellaneous Manufactures

16.2

-19.7

Furniture and Fixtures

22.1

-5.8

Paper and Paper Products

7.7

-8.5

Leather Products

15.0

3.2

Wood and Wood Products

3.4

14.5

Fabricated Metal Products

0.8

-16.7

 
Losers Month-on-Month Growth (%)
January 2012 December 2011
(revised)
 

Chemical Products

-16.2

5.3

Food Manufacturing

-6.0

-0.1

Electrical Machinery

-4.9

2.1

Tobacco Products

-44.6

-23.5

Beverages

-13.5

9.9

Machinery Except Electrical

-5.0

3.1

Transport Equipment

-8.4

6.5

Non-Metallic Mineral Products

-10.1

-0.9

Publishing and Printing

-21.1

17.7

Basic Metals

-5.3

4.2

Rubber and Plastic Products

-5.7

-1.1

Footwear and Wearing Apparel

-4.3

50.1

Textiles

-0.2

-0.9

Notes:

Sectors are ranked according to their contribution to the overall 2000-based January 2012 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 2011 - January 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
January 2012 December 2011
(revised)
 

Furniture and Fixtures

109.9

141.9

Footwear and Wearing Apparel

16.2

12.4

Food Manufacturing

2.8

-26.5

Petroleum Products

4.4

-6.0

Publishing and Printing

20.9

28.0

Non-Metallic Mineral Products

6.6

12.4

Miscellaneous Manufactures

5.3

-7.6

Rubber and Plastic Products

2.5

17.3

Wood and Wood Products

11.4

1.8

 
Losers Year-on-Year Growth (%)
January 2012 December 2011
(revised)
 

Machinery Except Electrical

-11.6

-25.5

Electrical Machinery

-4.7

-9.1

Transport Equipment

-10.8

2.5

Chemical Products

-6.1

54.1

Tobacco Products

-22.9

37.3

Fabricated Metal Products

-20.4

-21.6

Beverages

-6.3

23.9

Textiles

-13.3

-11.1

Basic Metals

-4.4

-18.3

Paper and Paper Products

-6.8

-18.7

Leather Products

-20.3

-14.5

 

Notes

Sectors are ranked according to their contribution to the overall 2000-based January 2012 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 2011 - January 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
January 2012 December 2011
(revised)
 

Petroleum Products

26.9

12.6

Machinery Except Electrical

9.5

-2.3

Non-Metallic Mineral Products

17.4

8.0

Beverages

9.6

10.0

Publishing and Printing

17.0

12.9

Rubber and Plastic Products

13.2

-2.0

Wood and Wood Products

21.0

16.2

Tobacco Products

4.2

-19.0

Chemical Products

0.7

41.8

Miscellaneous Manufactures

0.5

-24.1

 
Losers Year-on-Year Growth (%)
January 2012 December 2011
(revised)
 

Basic Metals

-22.3

-4.9

Electrical Machinery

-5.3

-14.5

Footwear and Wearing Apparel

-14.7

-16.7

Paper and Paper Products

-12.7

-7.4

Food Manufacturing

-1.0

-3.7

Fabricated Metal Products

-11.3

-22.0

Furniture and Fixtures

-14.2

-13.1

Transport Equipment

-1.8

-14.9

Leather Products

-12.1

-31.1

Textiles

b/

-8.7

 

TABLE 2-A. Value of Net Sales Index, December 2011 - January 2012
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
January 2012 December 2011
(revised)
 

Miscellaneous Manufactures

21.0

-11.2

Machinery Except Electrical

4.3

-1.4

Non-Metallic Mineral Products

11.2

-8.0

Furniture and Fixtures

20.3

-13.3

Textiles

6.2

1.1

Transport Equipment

2.0

12.2

Paper and Paper Products

4.4

-13.0

Fabricated Metal Products

4.1

-10.4

Rubber and Plastic Products

4.1

-8.5

Leather Products

17.0

-18.3

Petroleum Products

0.1

7.8

 
Losers Month-on-Month Growth (%)
January 2012 December 2011
(revised)
 

Food Manufacturing

-18.5

0.8

Chemical Products

-15.3

-7.0

Basic Metals

-28.2

5.0

Beverages

-14.7

11.3

Footwear and Wearing Apparel

-8.3

12.4

Electrical Machinery

-0.7

-3.5

Publishing and Printing

-10.4

-0.7

Tobacco Products

-3.2

-18.3

Wood and Wood Products

-4.3

9.7

 

Note:

b/ - Less than 0.1 percent decrease

Sectors are ranked according to their contribution to the overall 2000-based January 2012 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 2011 - January 2012
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
January 2012 December 2011
(revised)
 

Miscellaneous Manufactures

24.3

-9.7

Non-Metallic Mineral Products

11.8

-8.9

Paper and Paper Products

8.5

-14.0

Fabricated Metal Products

6.7

-10.4

Textiles

4.2

1.1

Leather Products

23.9

-18.8

Transport Equipment

1.0

11.4

Wood and Wood Products

5.1

-9.7

Furniture and Fixtures

3.4

-9.9

 
Losers Month-on-Month Growth (%)
January 2012 December 2011
(revised)
 

Food Manufacturing

-27.2

0.9

Chemical Products

-17.9

-7.9

Basic Metals

-27.7

3.3

Beverages

-15.3

11.3

Electrical Machinery

-1.9

-3.8

Machinery Except Electrical

-2.4

-3.1

Petroleum Products

-2.1

7.7

Footwear and Wearing Apparel

-7.5

12.1

Publishing and Printing

-10.4

-0.7

Tobacco Products

-2.3

-18.3

Rubber and Plastic Products

-3.1

-7.8

Note:

Sectors are ranked according to their contribution to the overall 2000-based January 2012 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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