• Value of Production Index slides in January 2015

Value of Production Index (VaPI) slightly decelerated by 1.8 percent in January 2015, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was due to the decreases in production value observed in seven major sectors, outpacing the increases reported by 13 major sectors. Petroleum products contributed much to the decrease at negative 35.4 percent, followed by other five major sectors that registered two-digit declines. Refer to Tables 1-A and 1.

• Volume of Production accelerates in January 2015

Volume of Production Index (VoPI), in contrast, reflected a year-on-year increment of 3.3 percent in January 2015. The increase was attributed by the output performance of 14 major sectors, with significant increases noted in the following: printing (206.4%), leather products (90.6%), basic metals (50.8%), beverages (49.1%), textiles (38.6%), tobacco products (32.1%), transport equipment (29.3%), non-metallic mineral products (22.3%), wood and wood products (21.5%), paper and paper products (21.4%), and machinery except electrical (13.7%).  Refer to Tables 1-B and 2.

• Value of Net Sales Index posts increments in January 2015

Value of Net Sales Index (VaNSI)  posted an annual increase of 2.8 percent in January 2015. This was attributed to the performances in sales value observed in 10 major sectors, with two-digit increases recorded in the following: basic metals (62.0%), chemical products (52.1%), transport equipment (37.0%), furniture and fixtures (36.2%), leather products (21.7%), machinery except electrical (20.6%), printing (17.6%), and tobacco products (10.5%). Refer to Tables 2-A and 3.

• Volume of Net Sales Index picks up in January 2015

Volume of Net Sales Index (VoNSI)  climbed to 8.1 percent in January 2015 compared with 5.0 percent growth during the same month last year. Sectors largely contributing to the expansion in VoNSI were observed in the following: furniture and fixtures (71.7%), basic metals (67.6%), chemical products (51.7%), transport equipment (37.4%), leather products (21.8%), machinery except electrical (21.4%), and printing (17.6%). Refer to Tables 2-B and 4.

• Capacity Utilization in January 2015 is 83.2 percent

Average capacity utilization in January 2015 for total manufacturing was recorded at 83.2 percent. About 65 percent or thirteen of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

• basic metals (88.8%)
• petroleum products (88.5%)
• non-metallic mineral products (86.3%)
• machinery except electrical (84.6%)
• electrical machinery (84.5%)
• food manufacturing (83.7 %)
• paper and paper products (83.2%)
• rubber and plastic products (82.6%)
• wood and wood products (82.5%)
• printing (82.0%)
• leather products (82.0%)
• chemical products (81.4%)
• textiles (81.0%)

The proportion of establishments that operated at full capacity (90% to 100%) was 23.1 percent in January 2015. About 59.7 percent of the establishments operated at 70% to 89% capacity while 17.2 percent of the establishments operated below 70% capacity. Refer to Table 6 and B.

• Response Rate

 The response rates  for the January 2015 MISSI and PPS are 70.2 percent and 82.2 percent, respectively.  Refer to Tables 7 and 8.

                                        r -revised

Data of non-responding samples were estimated using short term relative of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

TABLE 2-B  Volume of Net Sales Index, December 2014– January 2015
(2000 = 100)