r - revised

• Value of Production Index rebounds in January 2016

Value of Production Index (VaPI) for total manufacturing significantly rose to 26.5 percent in January 2016 compared with the negative 1.1 percent in January 2015, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the three-digit growth experienced by chemical products (309.6%), particularly for drugs and medicine sub-sector. Other major sectors that pulled up the performance of VaPI were tobacco products (49.6%), food manufacturing (19.1%) and beverages (11.7%). Refer to Tables 1-A and 1.

• Volume of Production also exhibits two-digit growth

Volume of Production Index (VoPI) likewise posted 34.3 percent increment in January 2016 compared with 2.6 percent during the same period last year. Chemical products contributed significantly to the growth with 312.4 percent, followed by major sectors that registered two-digit growth in VoPI, namely: tobacco products (49.4%), machinery except electrical (23.6%), food manufacturing (20.2%), electrical machinery (19.2%) and beverages (10.1%). Refer to Tables 1-B and 2.

• Value of Net Sales Index gains

Value of Net Sales Index (VaNSI) climbed to 30.9 percent in January 2016 from a decline of 5.9 percent in the same month last year. The VaNSI of 10 out of 20 major sectors expanded, led by chemical products and leather products with a three-digit growth of 320.8 percent and 105.5 percent, respectively. This was followed by four other sectors posting two-digit increases, namely:  wood and wood products (30.9%), printing (24.0%), food manufacturing (19.3%) and miscellaneous manufactures (19.1%). Refer to Tables 2-A and 3.

• Volume of Net Sales Index likewise accelerates

Volume of Net Sales Index (VoNSI) stepped up as it posted a two-digit annual growth of 39.0 percent in January 2016. This was attributed to the increases in VoNSI observed in  eight major sectors, led by chemical products (323.7%) and leather products (102.0%), outpacing the increments in 12 major sectors. Other major sectors that significantly contributed to the increment in VoNSI were leather products wood and wood products (53.7%), printing (26.0%), food manufacturing (20.4%), machinery except electrical (18.9%), miscellaneous manufactures  (15.2%) and rubber and plastic products  (14.8%).  Refer to Tables 2-B and 4.

• Average Capacity Utilization Rate in January 2016 is 83.5 percent

Average capacity utilization rate in January 2016 for total manufacturing was recorded at 83.5 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

• basic metals (88.4%)
• petroleum products (88.2%)
• non-metallic mineral products (86.3%)
• machinery except electrical (85.1%)
• food manufacturing (84.5%)
• electrical machinery (84.5%)
• chemical products (84.0%)
• paper and paper products (83.0%)
• rubber and plastic products (82.4%)
• wood and wood products (80.7%)
• printing (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was     25.9 percent in January 2016. About 56.4 percent of the establishments operated at 70 percent to 89 percent capacity while 17.7 percent of the establishments operated below 70 percent capacity. Refer to Table 6 and B.

• Industry Coverage

The 2015 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2015 MISSI. These are presented in the table below.

• Response Rate         

The response rates for the January 2016 MISSI and PPS are 69.3 and 76.3 percent, respectively.  Refer to Tables 7 and 8.

                               r -revised

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

                                                        FOR THE NATIONAL STATISTICIAN: