Monthly Integrated Survey of Selected Industries : January 2019

Reference Number: 

2019-035

Release Date: 

Tuesday, March 5, 2019

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: January 2019 and January 2018

TOTAL MANUFACTURING

JANUARY
2019
JANUARY
2018

Production Index (2000=100)

 

 

       Value       (VaPI)

-0.7

10.9

       Volume    (VoPI)

-4.1

10.8

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

2.9

9.8

       Volume     (VoNSI)

-0.7

9.7

Producer Price Index (2000=100)

3.6

0.1

r - revised

 

  • Value of Production Index slips in January 2019

The Value of Production Index (VaPI) for manufacturing decreased at an annual rate of 0.7 percent in January 2019. During the same month of the previous year, the annual growth rate of VaPI was higher at 10.9 percent.

The decrease in VaPI was brought about by the 11 industry groups led by basic metals with two-digit drop of 13.5 percent. Refer to Tables1-A and 1.

  • Volume of Production Index decreases

Volume of Production Index (VoPI) exhibited a year-on-year decrement of 4.1 percent in January 2019. In the same month of the previous year, annual growth rate was higher at 10.8 percent.

Twelve out of the 20 major industry groups registered annual declines. Major industries that significantly influenced the decrease were furniture and fixtures and basic metals, with two-digit decreases of 31.1 percent and 12.0 percent, respectively. Refer to Tables 1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index accelerates

Value of Net Sales Index (VaNSI) registered a positive growth rate of 2.9 percent in January 2019. Meanwhile, higher annual increase of 9.8 percent for VaNSI was recorded during the same month of the previous year.

Among the 14 major industries that exhibited increases in VaNSI, four major industries had a two-digit growth rate, namely: wood and wood products (38.5%), beverages (28.1%), tobacco products (11.8%) and non-metallic mineral products (10.2%). Refer toTables 2-A and 3.

  • Volume of Net Sales Index slightly drops

The Volume of Net Sales Index (VoNSI) went down by 0.7 percent in January 2019. As compared with the index in the same month of the previous year, it was higher at 9.7 percent.

The slowdown in VoNSI was driven by the decreases of eight major industry groups, with two-digit reduction rates noted in three major industry groups, namely: leather products (-28.3%), furniture and fixtures (-28.2%) and textiles (-20.2%). Refer to Tables 2-B and 4.

 

Figure 3

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate in January 2019 for total manufacturing was recorded at 84.3 percent. Fifty-five percent or 11 of the 20 major industries operated at least 80 percent capacity utilization rates. These were:

  • petroleum products (89.7%)
  • basic metals (88.6%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (86.0%)
  • food manufacturing (85.3%)
  • electrical machinery (85.0%)
  • chemical products (84.7%)
  • paper and paper products (83.8%)
  • rubber and plastic products (83.3%)
  • wood and wood products (82.2%)
  • textiles(80.3%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (27.3%) of the total number of establishments in January 2019. About 53.9 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth (18.3%) operated below 70 percent capacity. Refer to Tables B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: January 2019

Capacity Utilization

Percent Share

Below 50%

3.4

50% - 59%

4.5

60% - 69%

10.4

70% - 79%

 21.4

80% - 89%

 32.5

 90% - 100%

 27.8

 

 

 

FOR THE NATIONAL STATISTICIAN:

 

 

JOSIE B. PEREZ
Assistant Secretary
Deputy National Statistician
Officer-in-Charge

 

 


 

TABLE 1-A Value of Production Index, December 2018 and January 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

January 2019
December 2018
(revised)

Gainers

 

 

Electrical machinery

12.1

6.0

Beverages

16.6

19.0

Transport equipment

9.7

-5.8

Rubber and plastic products

11.8

3.9

Textiles

15.8

53.4

Paper and paper products

11.1

9.8

Petroleum products

0.5

16.3

Leather products

10.1

12.4

Furniture and fixtures

1.9

-10.1

Losers

 

 

Food manufacturing

-6.7

-17.2

Basic Metals

-13.5

-16.7

Chemical products

-5.6

-38.2

Machinery except electrical

-3.0

-4.0

Miscellaneous manufactures

-9.5

-12.8

Fabricated metal products

-9.7

-7.1

Footwear and wearing apparel

-3.8

2.8

Non-metallic mineral products

-3.1

1.0

Printing

-5.4

-79.1

Tobacco products

-2.5

-5.4

Wood and wood products

-7.3

12.4

 
 
Notes:    Major Industries are ranked according to their contribution to the overall growth rate.
 
 
 

TABLE 1-B  Volume of Production Index, December 2018 and January 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

January 2019
December 2018
(revised)

Gainers

 

 

Electrical machinery

9.0

-0.8

Petroleum products      

8.7

7.5

Beverages

14.9

5.8

Transport equipment

6.6

-7.5

Paper and paper products

9.0

2.4

Textiles

9.0

46.8

Rubber and plastic products

5.7

4.5

Leather products

21.2

35.1

Losers

 

 

Machinery except electrical

-8.3

-12.6

Food manufacturing

-4.3

-17.0

Basic metals

-12.0

-17.1

Chemical products

-4.1

-38.8

Non-metallic mineral products

-8.6

-5.5

Furniture and fixtures

-31.1

1.1

Fabricated metal products

-9.3

-9.4

Footwear and wearing apparel

-3.3

1.5

Printing

-8.3

-79.9

Miscellaneous manufactures

-3.6

-8.3

Tobacco products

-1.0

-17.2

Wood and wood products

-3.0

18.9

 

Notes:    Major Industries are ranked according to their contribution to the overall growth rate.
 
 
 
TABLE 2-A  Value of Net Sales Index, December 2018 and January 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

January 2019
December 2018
(revised)

Gainers

 

 

Beverages

28.1

5.2

Food manufacturing

5.5

13.7

Non-metallic mineral products

10.2

21.4

Basic metals

5.9

-3.6

Tobacco products

11.8

17.3

Wood and wood products

38.5

29.7

Petroleum products

1.8

11.2

Transport equipment

3.6

-0.7

Machinery except electrical

1.3

7.0

Printing

7.1

-9.7

Paper and paper products

4.2

17.4

Footwear and wearing apparel

1.9

4.0

Rubber and plastic products

4.4

5.6

Furniture and fixtures

6.1

-6.2

Losers

 

 

Chemical products

-8.8

-37.0

Electrical machinery

-4.1

9.5

Textiles

-15.2

-34.4

Leather products

-34.6

-35.9

Fabricated metal products

-4.1

10.1

Miscellaneous manufactures

-1.9

-11.2

 
 
Notes:    Major Industries are ranked according to their contribution to the overall growth rate.

 

 

 

TABLE 2-B  Volume of Net Sales Index, December 2018 and January 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

January 2019
December 2018
 (revised)

Gainers

 

 

Food manufacturing

8.2

16.6

Beverages

26.2

-7.9

Petroleum products

10.0

1.8

Basic metals

7.7

-3.7

Tobacco products

13.5

3.1

Wood and wood products

44.9

36.5

Non-metallic mineral products

4.0

12.3

Miscellaneous manufactures

4.4

-11.2

Footwear and wearing apparel

2.4

3.2

Printing

3.8

-13.4

Paper and paper products

2.3

12.1

Transport equipment

0.7

-0.1

Losers

 

 

Electrical machinery

-6.7

1.8

Chemical products

-7.4

-36.8

Machinery except electrical

-4.2

-4.9

Textiles

-20.2

-37.0

Furniture and fixtures

-28.2

2.0

Leather products

-28.3

-23.1

Fabricated metal products

-3.6

7.4

Rubber and plastic products

-1.4

8.7

 
 
Notes:    Major Industries are ranked according to their contribution to the overall growth rate.
 

 

 

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