Monthly Integrated Survey of Selected Industries : July 2006

Reference Number: 

2006-67

Release Date: 

Tuesday, September 26, 2006

 

Total Manufacturing       July 2006             June 2006      
  Year-on-Year Growth  
      Production Index  
            Value(VaPI) 3.0 7.5r
            Volume(VoPI) -10.4 -6.1r
      Net Sales Index    
            Value 6.7 5.3r
            Volume -5.5 -6.8r
      Producer's Price Index 15.4 14.5r
  Average Capacity Utilization           80.2 80.2

              r-revised

 

  • Value of Production remains at single-digit growth

    Value of Production Index (VaPI) for the manufacturing industry recorded a slow growth of 3.0 percent in July 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Factory performance of basic metals showed a significant improvement, with 71.7 percent increase, followed by other three (3) major sectors that posted two-digit growth, namely: food manufacturing, footwear and wearing apparel, and fabricated metal products. Refer to Tables 1-A and 1.

    VaPI, however, on a month-on-month basis, declined further by 1.8 percent compared to only (revised) 0.5 percent slump in June 2006. Double-digit improvements in twelve (12) major sectors were offset by the eight (8) major sectors that reported decreases. Refer to Tables 1-A and 1.

  • Volume of Production Index (VoPI) continues to drop

    Volume of Production Index (VoPI) on a yearly basis fell by 10.4 percent after shrinking (revised) 6.1 percent in June 2006. This was due to the declining factory output in fourteen (14) of the 20 major sectors, with two-digit decreases observed in the following: machinery excluding electrical, electrical machinery, wood and wood products, tobacco, petroleum products, non-metallic mineral products, transport equipment, leather products and beverages. Refer to Tables 2 and 1-B.

    Likewise, VoPI continued to tumble on a monthly basis as it posted a decrease of 2.8 percent in July 2006. Though twelve (12) major sectors showed positive trends, this was offset by the decreases reported in eight (8) major sectors. Refer to Tables 2 and 1-B.

     

  • Value of Net Sales improves

    On a year-on-year basis, Value of Net Sales continued to pick up at 6.7 percent in July 2006, mainly due to the two-digit increases observed in the following sectors: basic metals, rubber products and petroleum products. Refer to Tables 2-A and 3.

    Meanwhile, Value of Net Sales on a monthly basis slipped by 0.8 percent from the previous month's (revised) increase of 1.1 percent. This was brought about by the two-digit decreases in sales value of the non-metallic mineral products and beverages. Refer to Tables 2-A and 3.

  • Volume of Net Sales decreases

    Volume of Net Sales registered a year-on-year decline of 5.5 percent, which is an improvement from the previous month's (revised) drop of 6.8 percent in June 2006. Significant reduction in sales volume were noted in the following major sectors: machinery excluding electrical, electrical machinery, non-metallic mineral products, wood and wood products, publishing and printing, leather products and tobacco. Refer to Tables 2-B and 4.

    On a monthly basis, Volume of Net Sales also went down by 2.0 percent in July 2006 compared to the previous month's (revised) growth of 0.2 percent. Major sectors that made significant contributions to the decrease were non-metallic mineral products and beverages. Refer to Tables 2-B and 4.

  • Capacity Utilization

    Average capacity utilization in July 2006 for total manufacturing was estimated at 80.2 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, electrical machinery, paper and paper products, petroleum products, leather products, basic metals, miscellaneous manufactures, rubber products, food manufacturing and chemical products. Refer to Table 6..

    The proportion of establishments that operated at full capacity (90% to 100%) was 8.9 percent in July 2006. More than half or 59.8 percent of the establishments operated at 70% to 89% capacity and 31.3 percent of the establishments operated below 70% capacity.

    Distribution of Key Manufacturing Establishments by Capacity Utilization
    Total Manufacturing, July 2006

    (In percent)

                Capacity Utilization                      Percent Share         
    Below 50 percent 3.1
    50 percent - 59 percent 9.3
    60 percent - 69 percent 18.9
    70 percent - 79 percent 21.6
    80 percent - 89 percent 38.2
    90 percent - 100 percent 8.9

  • Response Rate

    The response rates for the July 2006 MISSI and PPS are 91.7 percent and 97.0 percent, respectively. Refer to Tables 7 and 8.

    Response Rates for Total Manufacturing
    (In percent)

                July 2006                      June 2006           
    (revised)
    MISSI 91.7 94.3r
    PPS 97.0r 97.8r


                           r-revised
  • Technical Notes

    Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.

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

                                                                                                          (Sgd.) CARMELITA N. ERICTA
                                                                                                        Administrator

    TABLE 1-A. VALUE OF PRODUCTION INDEX, June 2006 - July 2006
    (1994 =100)

                                Gainers                                       Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Basic Metals

    71.7

    53.0

    Food Manufacturing

    17.0

    10.9

    Electrical Machinery

    8.8

    4.3

    Footwear and Wearing Apparel*

    17.6

    -12.4

    Fabricated Metal Products*

    10.4

    8.2

    Paper and Paper Products

    5.7

    9.7

    Miscellaneous Manufactures

    5.5

    10.8

    Furniture and Fixtures

    7.7

    6.9

    Rubber Products

    5.8

    -3.8

    Leather Products*

    6.5

    53.6

     
    Losers           Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Chemical Products

    -6.0

    -3.1

    Petroleum Products

    -5.3

    32.7

    Tobacco

    -20.2

    -35.4

    Transport Equipment

    -9.0

    -17.2

    Machinery Excluding Electrical*

    -36.8

    -33.2

    Beverages

    -7.1

    -16.0

    Non-Metallic Mineral Products

    -8.3

    7.6

    Wood and Wood Products

    -19.4

    -32.8

    Textiles

    -4.4

    13.0

    Publishing and Printing*

    -0.8

    -14.4

    TABLE 1-A. VALUE OF PRODUCTION INDEX, June 2006 - July 2006
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    July 2006 June 2006
    (revised)
     

    Electrical Machinery

    9.2

    -3.7

    Basic Metals

    14.4

    -8.6

    Food Manufacturing

    2.6

    1.5

    Footwear and Wearing Apparel*

    6.1

    4.4

    Chemical Products

    1.6

    2.5

    Publishing and Printing*

    13.0

    -13.1

    Tobacco

    5.0

    5.5

    Rubber Products

    15.7

    8.8

    Machinery Excluding Electrical*

    7.4

    2.2

    Wood and Wood Products

    7.9

    4.0

    Leather Products*

    16.3

    -27.1

    Fabricated Metal Products*

    0.9

    -8.8

     
    Losers       Month-on-Month Growth (percent)      
    July 2006 June 2006
    (revised)
     

    Petroleum Products

    -15.7

    3.8

    Beverages

    -14.2

    -13.4

    Non-Metallic Mineral Products

    -16.1

    3.3

    Textiles

    -14.3

    -4.5

    Paper and Paper Products

    -5.1

    12.4

    Miscellaneous Manufactures

    -7.3

    2.6

    Transport Equipment

    -0.9

    1.8

    Furniture and Fixtures

    -3.0

    28.4


    Note: * - new sectors in the 1994-based series

    Sectors are ranked according to their contribution to the overall 1994-based July 2006 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, June 2006 - July 2006
    (1994 = 100)

                                Gainers                                       Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Basic Metals

    69.6

    49.6

    Food Manufacturing

    11.8

    6.8

    Furniture and Fixtures

    20.7

    17.4

    Miscellaneous Manufactures

    8.2

    11.3

    Paper and Paper Products

    4.6

    8.5

    Publishing and Printing*

    1.7

    -12.2

     
    Losers           Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Electrical Machinery

    -40.9

    -43.3

    Petroleum Products

    -22.9

    11.6

    Transport Equipment

    -15.7

    -21.1

    Tobacco

    -24.8

    -39.1

    Chemical Products

    -6.4

    -2.8

    Non-Metallic Mineral Products

    -20.3

    -7.3

    Machinery Excluding Electrical*

    -51.1

    -46.5

    Beverages

    -10.2

    -18.1

    Wood and Wood Products

    -25.2

    -37.4

    Textiles

    -6.8

    10.0

    Footwear and Wearing Apparel*

    -2.1

    -30.1

    Rubber Products

    -8.2

    -16.6

    Fabricated Metal Products*

    -1.0

    -3.9

    Leather Products*

    -12.7

    25.9

    TABLE 1-B. VOLUME OF PRODUCTION INDEX, June 2006 - July 2006
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    July 2006 June 2006
    (revised)
     

    Basic Metals

    15.7

    -8.8

    Electrical Machinery

    7.3

    -6.3

    Footwear and Wearing Apparel*

    9.5

    -3.8

    Chemical Products

    2.8

    3.3

    Food Manufacturing

    1.7

    1.4

    Publishing and Printing*

    13.0

    -13.1

    Tobacco

    5.0

    5.5

    Rubber Products

    15.7

    8.8

    Machinery Excluding Electrical*

    6.5

    1.2

    Wood and Wood Products

    7.7

    3.8

    Fabricated Metal Products*

    1.3

    -8.8

    Leather Products*

    16.3

    -24.6

     
    Losers           Month-on-Month Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Petroleum Products

    -21.3

    2.3

    Beverages

    -16.2

    -13.4

    Non-Metallic Mineral Products

    -16.5

    1.5

    Textiles

    -14.2

    -4.8

    Transport Equipments

    -3.7

    1.9

    Paper and Paper Products

    -5.2

    12.9

    Miscellaneous Manufactures

    -6.4

    1.2

    Furniture and Fixtures

    -1.9

    22.0


    Note: * - new sectors in the 1994-based series

    Sectors are ranked according to their contribution to the overall 1994-based July 2006 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, June 2006 - July 2006
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Basic Metals

    58.4

    44.4

    Petroleum Products

    18.2

    3.7

    Food Manufacturing

    6.3

    11.7

    Chemical Products

    3.9

    7.9

    Footwear and Wearing Apparel*

    9.6

    -13.9

    Electrical Machinery

    1.8

    18.5

    Textiles

    6.4

    0.8

    Fabricated Metal Products*

    8.8

    6.1

    Rubber Products

    19.7

    8.9

    Miscellaneous Manufactures

    6.2

    -2.5

    Leather Products*

    3.4

    44.6

     
    Losers           Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Machinery Excluding Electrical*

    -71.3

    -69.3

    Non-Metallic Mineral Products

    -13.6

    9.3

    Publishing and Printing*

    -20.1

    -25.0

    Tobacco

    -5.8

    -12.9

    Transport Equipment

    -2.5

    -23.1

    Wood and Wood Products

    -12.5

    -20.3

    Paper and Paper Products

    -4.4

    -0.7

    Furniture and Fixtures

    -9.5

    -2.5

    Beverages

    -0.3

    -1.9

    TABLE 2-A. VALUE OF NET SALES, June 2006 - July 2006 (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    July 2006 June 2006
    (revised)
     

    Petroleum Products

    5.8

    0.9

    Basic Metals

    10.1

    -10.2

    Chemical Products

    3.1

    4.3

    Transport Equipment

    4.7

    -2.7

    Wood and Wood Products

    16.2

    -9.4

    Publishing and Printing*

    11.8

    -10.8

    Machinery Excluding Electrical*

    11.2

    -8.0

    Tobacco

    2.2

    -5.9

    Rubber Products

    9.4

    25.2

    Fabricated Metal Products*

    2.7

    -5.6

    Leather Products*

    12.8

    -24.8

     
    Losers       Month-on-Month Growth (percent)      
    July 2006 June 2006
    (revised)
     

    Beverages

    -20.1

    3.7

    Non-Metallic Mineral Products

    -24.2

    2.5

    Electrical Machinery

    -6.3

    11.7

    Food Manufacturing

    -1.1

    -0.8

    Paper and Paper Products

    -9.4

    13.2

    Footwear and Wearing Apparel*

    -3.3

    -5.9

    Textiles

    -4.6

    0.6

    Miscellaneous Manufactures

    -4.3

    5.7

    Furniture and Fixtures

    -3.1

    19.3


    Note: * - new sectors in the 1994-based series

    Sectors are ranked according to their contribution to the overall 1994-based July 2006 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, June 2006 - July 2006
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Basic Metals

    56.4

    41.2

    Chemical Products

    3.4

    8.2

    Food Manufacturing

    1.7

    7.6

    Textiles

    3.7

    -1.9

    Miscellaneous Manufactures

    8.9

    -2.0

    Rubber Products

    3.8

    -5.6

    Furniture and Fixtures

    1.4

    7.1

     
    Losers           Year-on-Year Growth (percent)          
    July 2006 June 2006
    (revised)
     

    Electrical Machinery

    -44.8

    -35.6

    Machinery Excluding Electrical*

    -77.8

    -75.5

    Non-Metallic Mineral Products

    -24.9

    -5.8

    Transport Equipment

    -9.7

    -26.7

    Petroleum Products

    -3.8

    -12.8

    Footwear and Wearing Apparel*

    -8.8

    -31.3

    Tobacco

    -11.2

    -17.9

    Publishing and Printing*

    -18.1

    -23.2

    Beverages

    -3.7

    -4.3

    Wood and Wood Products

    -18.8

    -25.8

    Paper and Paper Products

    -5.4

    -1.7

    Fabricated Metal Products*

    -2.4

    -5.9

    Leather Products*

    -15.2

    18.5

    TABLE 2-B. VOLUME OF NET SALES, June 2006 - July 2006 (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    July 2006 June 2006
    (revised)
     

    Basic Metals

    11.4

    -10.5

    Chemical Products

    4.3

    5.2

    Wood and Wood Products

    16.0

    -9.6

    Publishing and Printing*

    11.8

    -10.8

    Machinery Excluding Electrical*

    10.3

    -8.9

    Transport Equipment

    1.8

    -2.6

    Tobacco

    2.2

    -5.9

    Rubber Products

    9.4

    25.2

    Fabricated Metal Products*

    3.1

    -5.6

    Leather Products*

    12.8

    -22.2

     
    Losers       Month-on-Month Growth (percent)      
    July 2006 June 2006
    (revised)
     

    Beverages

    -21.9

    3.7

    Electrical Machinery

    -7.9

    8.7

    Non-Metallic Mineral Products

    -24.6

    0.7

    Food Manufacturing

    -1.9

    -0.9

    Paper and Paper Products

    -9.5

    13.7

    Petroleum Products

    -1.2

    -0.6

    Textiles

    -4.5

    0.3

    Miscellaneous Manufactures

    -3.4

    4.3

    Furniture and Fixtures

    -2.0

    13.3

    Footwear and Wearing Apparel*

    -0.3

    -13.2


    Note: * - new sectors in the 1994-based series

    Sectors are ranked according to their contribution to the overall 1994-based July 2006 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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