Monthly Integrated Survey of Selected Industries : July 1999

Reference Number: 

1999-052

Release Date: 

Thursday, September 23, 1999

 

The volume of production and net sales for total manufacturing decreased in July 1999 by 4.6 percent and 5.8 percent respectively compared to a year ago according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).

At the same time, existing capacity continued to operate at lower levels. Responding establishments operating below 70 percent capacity were 43.7 percent in July 1999 compared to 37.9 percent a year ago.

Basic metals, non-metallic mineral products, petroleum, paper & paper products, furniture & fixtures, food, beverage, tobacco, textile and wearing apparel posted decreases in both production and sales. This can be attributed to the prevailing weak construction and consumer demand leading to the shutdown of some machineries and plants. On the other hand, improving domestic and export demand for rubber, transport equipment and electrical machinery brought about increases in both their production and sales.

 
Value of Production

In July 1999, the value of production index (VaPI) of 477.3 decreased by 0.7 percent from 480.6 in July 1998. Year-on-year decreases were observed in 10 out of 16 major sectors (See Annex 1A). Basic metals posted the biggest year-on-year VaPI decline of 47.2 percent due to the decrease in the production of iron and steel. This can be attributed to the drop in construction activities that resulted to low demand and production. Other sectors that posted double-digit decreases were wearing apparel (-16.9%), chemicals (-11.1%), non-metallic mineral products (-20.2%), and wood & wood products (-12.0%). On the other hand, petroleum products reported the highest increase of 7.5 percent. Other sectors that posted increases were rubber products (55.5%), transport equipment (18.5%), electrical machinery (4.7%), beverage (4.9%) and miscellaneous manufactures (1.7%).

 
Volume of Production

The volume of production index (VoPI) decreased by 4.6 percent to 135.5 from 142.0 last year. Twelve out of 16 sectors posted year-on-year decreases led by basic metals which decreased by 41.1 percent (See Annex 1B). Other sectors which contributed to the decline of the overall VoPI were chemicals (-16.1%), wearing apparel (-20.7%), petroleum products (-6.4%), non-metallic mineral products (-30.7%), textile (-11.9%), wood & wood products (-10.6%), beverage (-11.9%), paper & paper products (-6.0%), food manufacturing (-0.7%), furniture & fixtures (-11.5%), and tobacco (-1.7%).

 
Value of Net Sales

The value of net sales for July 1999 increased by 3.1 percent compared to last year. Six out of 16 sectors posted increases led by petroleum products which increased by 20.9 percent (See Annex 2A). Other sectors that recorded increases were transport equipment (40.7%), electrical machinery (15.9%), chemicals (14.1%), rubber products (25.4%) and wood & wood products (1.4%). On the other hand, basic metals posted the biggest decline of 31.2 percent. Other sectors that posted double-digit decreases were paper & paper products (-35.0%), and tobacco (-16.4%).

 
Volume of Net Sales

The volume of net sales for July 1999 posted a decrease of 5.8 percent over last year. Decreases were observed in eleven sectors led by petroleum products, which declined by 15.4 percent (See Annex 2B). The other sectors with double-digit decreases were basic metals (-22.7%), paper & paper products (-35.7%), wearing apparel (-13.5%), non-metallic mineral products (-15.4%), beverages (-20.8%), furniture & fixtures (-10.8%) and tobacco (-14.6%).

 
Capacity Utilization

Responding establishments operating below 70% capacity were 43.7 percent in July 1999 compared to 37.9 percent a year ago. About 15.7 percent operated at full capacity (90%-100%) compared to 18.4 percent in July 1998.

The following sectors that had decreased use of existing capacity in July 1999 were beverage, wood, chemicals and transport equipment. On the other hand, textile, basic metals, and electrical machinery showed indications of increasing capacity utilization. Capacity utilization is defined as the ratio of output to the maximum rated capacity of the plant.

 
Response Rate

The results are based on the responses of 443 establishments, which comprise 80.1 percent of the total samples in the survey.

 

ANNEX 1-A

VALUE OF PRODUCTION INDEX (JULY 1999)
YEAR-ON-YEAR GROWTH (%)
July Juner
GAINERS
Petroleum Products
Rubber Products
Transport Equipment
Electrical Machinery
Beverage
Miscellaneous Manufactures
 
7.5
55.5
18.5
4.7
4.9
1.7
 
0.8
44.2
6.3
4.3
3.8
9.9
LOSERS
Basic Metals
Wearing Apparel
Chemicals
Non-Metallic Mineral Products
Food Manufacturing
Textile
Wood & Wood Products
Paper & Paper Products
Furniture & Fixtures
Tobacco
 
-47.2
-16.9
-11.1
-20.2
-1.3
-8.9
-12.0
-4.9
-9.0
-3.8
 
-42.3
15.8
-14.9
-18.2
23.8
-17.5
-25.2
-19.3
-7.8
4.3
 
MONTH-ON-MONTH
 
   
GAINERS
Basic Metals
Petroleum Products
Wood & Wood Products
Textile
Paper & Paper Products
Transport Equipment
Rubber Products
Furniture & Fixtures
 
22.1
2.8
11.4
6.2
7.4
4.1
5.2
6.4
 
-18.8
-0.4
-19.0
-9.5
-12.3
19.9
1.0
11.8
LOSERS
Food Manufacturing
Electrical Machinery
Chemicals
Wearing Apparel
Non-Metallic Mineral Products
Beverage
Miscellaneous Manufactures
Tobacco
 

-11.7
-14.6
-7.6
-9.5
-5.5
-11.9
-2.9
-6.1

 

8.0
-5.1
19.8
-14.1
17.3
-0.4
-11.6
7.8


r - revised due to updating of data from late responding establishments.
Note: Sectors are ranked according to their contribution to the overall July 1999 growth rate.

 

ANNEX 1-B

VOLUME OF PRODUCTION INDEX (July 1999)
YEAR-ON-YEAR GROWTH (%)
July Juner
GAINERS
Electrical Machinery
Transport Equipment
Rubber Products
Miscellaneous Manufactures
 
5.3
13.0
32.2
2.3
 
22.9
-2.8
1.0
8.7
LOSERS
Basic Metals
Chemicals
Wearing Apparel
Petroleum Products
Non-Metallic Mineral Products
Textile
Wood & Wood Products
Food Manufacturing
Beverage
Paper & Paper Products
Furniture & Fixtures
Tobacco
 
-41.1
-16.1
-20.7
-6.4
-30.7
-11.9
-10.6
-0.7
-11.9
-6.0
-11.5
-1.7
 
-34.2
8.2
-18.9
-6.6
-23.2
-20.9
-24.0
23.9
-11.8
-24.7
-9.8
6.4
 
MONTH-ON-MONTH
 
   
GAINERS
Basic Metals
Wood & Wood Products
Paper & Paper Products
Textile
Transport Equipment
Rubber Products
Furniture & Fixtures
 
21.3
11.4
9.5
6.2
2.8
6.1
6.4
 
-23.2
-19.0
-13.9
-9.8
0.7
20.6
11.8
LOSERS
Food Manufacturing
Electrical Machinery
Chemicals
Wearing Apparel
Non-Metallic Mineral Products
Beverage
Petroleum Products
Tobacco
Miscellaneous Manufactures
 
-11.4
-14.7
-6.8
-9.6
-8.1
-12.4
-0.5
-6.1
-2.6
 
-4.4
19.0
-16.1
7.6
-10.7
-4.4
-2.7
7.8
6.3

r - revised due to updating of data from late responding establishments.
Note: Sectors are ranked according to their contribution to the overall July 1999 growth rate.

 

ANNEX 2-A

NET SALES VALUE (July 1999)
YEAR-ON-YEAR GROWTH (%)
July Juner
GAINERS
Petroleum Products
Transport Equipment
Electrical Machinery
Chemicals
Rubber Products
Wood & Wood Products
 
20.9
40.7
15.9
14.1
25.4
1.4
 
-0.9
8.6
31.7
18.3
-6.6
-7.0
LOSERS
Basic Metals
Food Manufacturing
Paper & Paper Products
Wearing Apparel
Textile
Beverage
Non-Metallic Mineral Products
Furniture & Fixtures
Tobacco
Miscellaneous Manufactures
 
-31.2
-7.6
-35.0
-9.4
-5.2
-5.7
-2.2
-8.3
-16.4
-5.6
 
-37.0
9.8
-16.3
-7.8
-16.4
2.7
-6.1
-11.0
2.2
-8.3
 
MONTH-ON-MONTH
 
   
GAINERS
Petroleum Products
Basic Metals
Transport Equipment
Rubber Products
Non-Metallic Mineral Products
Furniture & Fixtures
Miscellaneous Manufactures
 
17.7
16.3
18.4
13.7
3.5
4.2
0.9
 
6.2
-18.5
14.8
-8.7
-1.6
12.6
-1.9
LOSERS
Food Manufacturing
Electrical Machinery
Chemicals
Beverages
Wood & Wood Products
Paper & Paper Products
Wearing Apparel
Textile
Tobacco
 
-5.7
-6.2
-5.1
-17.0
-7.1
-4.4
-2.6
-1.9
-4.0
 
-1.8
17.8
15.7
0.4
6.9
-8.5
8.2
-4.2
-5.5

Note: Sectors are ranked according to their contribution to the overall July 1999 growth rate.

 

ANNEX 2-B

NET SALES VOLUME (July 1999)
YEAR-ON-YEAR GROWTH (%)
July June
GAINERS
Electrical Machinery
Transport Equipment
Chemicals
Wood & Wood Products
Rubber Products
 
16.7
34.2
7.7
3.1
6.6
 
28.2
-0.7
10.4
-5.5
-20.4
LOSERS
Petroleum Products
Basic Metals
Food Manufacturing
Paper & Paper Products
Wearing Apparel
Non-Metallic Mineral Products
Beverages
Textile
Furniture & Fixtures
Tobacco
Miscellaneous Manufactures
 
-15.4
-22.7
-7.1
-35.7
-13.5
-15.4
-20.8
-8.3
-10.8
-14.6
-5.0
 
-14.1
-26.4
10.0
-21.9
-12.1
-18.8
-13.1
-19.9
-13.0
4.4
-9.3
 
MONTH-ON-MONTH
 
   
GAINERS
Basic Metals
Transport Equipment
Petroleum Products
Rubber Products
Non-Metallic Mineral Products
Furniture & Fixtures
Miscellaneous Manufactures
 
15.6
17.0
3.5
14.7
3.5
4.2
1.3
 
-18.2
14.6
-5.0
-8.1
-1.3
12.6
-3.4
LOSERS
Food Manufacturing
Electrical Machinery
Chemicals
Beverages
Wood & Wood Products
Wearing Apparel
Paper & Paper Products
Textile
Tobacco
 
-5.4
-6.2
-4.3
-17.5
-7.1
-2.7
-2.6
-1.9
-4.1
 
-1.0
17.0
13.3
-0.5
6.9
-0.8
-10.2
-4.5
-5.5

Note: Sectors are ranked according to their contribution to the overall July 1999 growth rate.

 

Distribution of Key Enterprise by Capacity Utilization
(In percent)

Capacity
  Utilization  
1998 1999
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL

 Below 50 % 

50 - 59 %

60 - 69 %

70 - 79 %

80 - 89 %

90 - 100 %

12.3

8.5

17.1

22.4

21.4

18.4

11.8

11.3

17.2

20.5

22.7

16.6

11.8

11.4

16.8

22.3

20.9

16.8

12.3

12.3

17.1

20.2

20.9

17.3

13.1

10.5

15.5

21.0

21.8

18.1

12.5

12.5

15.9

20.3

23.5

15.4

12.3

12.3

15.3

21.9

21.6

16.8

13.8

11.6

16.4

22.6

22.0

13.5

14.3

10.6

14.3

22.1

22.6

16.0

14.4

10.6

17.1

22.6

20.6

14.7

12.8

10.8

14.8

22.8

22.5

16.2

22.5

9.0

13.3

19.0

21.0

15.3

21.6

8.8

13.3

19.9

20.6

15.7


 

Percentage Changes in Production and Net Sales of
Key Enterprises: July 1998 - July 1999

ITEM JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL

Year-on-Year Change
Production
  Value 
  Volume 
Net Sales 
  Value
  Volume
 
-0.2r
-11.6r
  
3.3
-5.4
 
-6.8r
-16.1r
  
-12.8
-23.3
 
-1.2r
-10.6r
  
-5.1
-16.0
 
-8.4r
-16.5r
  
-21.7
-15.0
 
-18.2r
-25.1r
  
-10.7
-16.1
 
-9.0r
-14.4r
  
-5.2
-6.0
 
-4.3r
-5.4r
  
-12.2
-19.0
 
-0.9r
-1.5r
  
-11.1
-13.8
 
9.1r
6.3r
  
-1.7
-4.9
 
8.9r
5.6r
  
2.1
1.4
 
8.7r
5.7r
  
-1.3
-4.4
 
2.6r
-0.9r
  
2.0
-3.0
 
0.7
-4.6
  
3.1
-5.8
 
Month-on-Month Change
Production
  Value 
  Volume 
Net Sales 
  Value
  Volume
 
-3.5r
-3.5r
  
4.1
4.9
 
-3.8r
-3.6r
  
-12.5
-11.3
 
5.4r
4.8r
  
4.1
2.5
 
-5.0r
-5.3r
  
5.6
-1.1
 
-2.4r
-3.1r
  
1.7
0.5
 
-5.8r
-4.6r
  
1.9
1.5
 
4.6r
4.7r
  
-2.7
-10.2
 
7.7r
7.0r
  
31.3
33.9
 
11.5r
11.2r
  
8.0
2.9
 
-12.1r
-13.1r
  
-6.6
-3.9
 
5.0r
4.5r
  
7.0
6.4
 
3.6r
2.5r
  
3.7
0.6
 
-6.6
-7.1
  
2.5
-0.3

r - revised due to updating of data from late responding establishments.

 


Source: National Statistics Office
Manila, Philippines

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