Monthly Integrated Survey of Selected Industries : July 2008

Reference Number: 

2008-072

Release Date: 

Thursday, September 25, 2008

 

Total Manufacturing

   July 2008    

June 2008

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value         (VaPI)

13.9

9.4r

     

 

            Volume     (VoPI)

8.1

5.0r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

13.3

9.0r

     

 

            Volume     (VoNSI)

8.5

5.5r

     

 

    Producer Price Index (2000=100)

5.4r

4.2r

     

 

    AVERAGE CAPACITY UTILIZATION

81.6

81.1r

     

 

                                                r-revised

·  Value of Production posts two-digit growth in July 2008

Value of Production Index (VaPI) for the manufacturing industry picked up at 13.9 percent in July 2008 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Thirteen of the 20 major sectors posted increases in production, with two-digit increases registered by the following: basic metals, chemical products (excluding plastic products), petroleum products, food manufacturing, leather products, tobacco products, non-metallic mineral products, rubber and plastic products, footwear and wearing apparel, and beverages. Refer to Tables 1-A and 7.

On a month-on-month basis, VaPI likewise increased by 6.2 percent in July 2008. Twelve (12) sectors contributed to the increase led by basic metals, transport equipment, leather products, and petroleum products. Refer to Tables 1-A and 7.

·  Volume of Production accelerates in July 2008

Volume of Production Index (VoPI) grew by 8.1 percent in July 2008. Nine (9) major sectors accounted for the increases in production volume led by chemical products (excluding plastic products), non-metallic mineral products, and tobacco products. Refer to Tables 1-B and 8.

VoPI, on a month-on-month basis, increased by 4.6 percent in July 2008. This was mainly due to the two-digit expansion in factory output reported by the following major sectors: basic metals, furniture and fixtures, transport equipment and leather products. Refer to Tables 1-B and 8.

 

 

·  Value of Net Sales on increasing trend in July 2008

Value of Net Sales Index (VaNSI) on a year-on-year basis grew further as it posted a two-digit increase of 13.3 percent in July 2008. This was brought about by the expanded sales performance of 13 major sectors, with two-digit increases observed in the following: non-metallic mineral products, basic metals, petroleum products, leather products, publishing and printing, and paper and paper products. Refer to Tables 2-A and 9.

VaNSI, on a month-on-month comparison, rose by 2.2 percent in July 2008. The increases were exhibited by 12 major sectors, with two-digit increases noted in the following: non-metallic mineral products, publishing and printing, leather products, petroleum products, transport equipment, and tobacco products. Refer to Tables 2-A and 9.

·  Volume of Net Sales grows further

Volume of Net Sales Index (VoNSI) also accelerated as it posted a year-on-year increase of 8.5 percent in July 2008. Major sectors that significantly contributed to the increase were the following: non-metallic mineral products, basic metals, leather products, and publishing and printing. Refer to Tables 2-B and 10.

On the other hand, VoNSI, on a monthly basis, grew at a slower rate of 0.6 percent in July 2008. Major contributors to the growth were observed in the following major sectors: non-metallic mineral products, publishing and printing, leather products, furniture and fixtures, and transport equipment. Refer to Tables 2-B and 10.

·  Capacity Utilization

Average capacity utilization in July 2008 for total manufacturing was estimated at 81.6 percent. Twelve (12) major sectors that registered more than 80% capacity utilization rates were the following: basic metals, petroleum products, food manufacturing, footwear and wearing apparel, leather products, paper and paper products, chemical products (excluding plastic products), miscellaneous manufactures, electrical machinery, rubber and plastic products, publishing and printing, and non-metallic mineral products. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.1 percent in July 2008. More than half or 59.4 percent of the establishments operated at 70% to 89% capacity while 29.5 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, July 2008

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

3.7

50 percent - 59 percent

8.0

60 percent - 69 percent

17.8

70 percent - 79 percent

22.0

80 percent - 89 percent

37.4

90 percent - 100 percent

11.1

 

·  Response Rates

The response rates for the July 2008 MISSI and PPS are 89.3 percent and 93.9 percent, respectively. Refer to Tables 12 and 13.

Response Rates for Total Manufacturing
(In percent)

 

July 2008

June 2008
(revised)

MISSI

89.3

97.5r

PPS

93.9r

97.4r

 

                                                     r-revised

·  Technical Notes

Only the 2000 based series will be continued beginning the July 2008 issue.

Starting with the February 2008 issue, a revised industry disaggregation of the MISSI indices and PPI will be adopted to conform to the 1994 PSIC groupings. Rubber and Plastic Products is a new major sector, consisting of two subsectors, namely: Rubber Products and Plastic Products. Rubber Products was previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.

With previously seven (7) subsectors, the major sector of Chemical Products has now six (6) subsectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations, and Miscellaneous Chemicals.

The major sector of Machinery except Electrical has been split into two subsectors, namely: Machinery and Equipment, n.e.c. and Office, Accounting and Computing Machinery.

The corresponding weights of the above major sectors and sub-sectors have been recomputed to allow for the revised computation of the indices.

Thus, beginning the February issue, the VaPI, VoPI, VaNSI, VoNSI and the revised PPI for Total Manufacturing for all months of 2008 are computed based on the revised industry disaggregation.

Starting 2008, weights for the PPI and Capacity Utilization Rates are based from the results of the 2005 Annual Survey of Philippine Business and Industry for manufacturing establishments with average total employment 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 2008 - July 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

July 2008

June 2008
(revised)

 

 

 

Food Manufacturing

25.6

19.2

 

Petroleum Products

26.9

19.3

 

Chemical Products (excluding Plastic Products)

32.9

20.4

 

Basic Metals

41.8

38.5

 

Non-Metallic Mineral Products

23.9

15.5

 

Beverages

15.1

19.8

 

Rubber and Plastic Products*

21.6

11.0

 

Footwear and Wearing Apparel

16.7

17.0

 

Tobacco Products

24.0

4.8

 

Leather Products

24.2

24.3

 

Paper and Paper Products

2.5

-5.3

 

Fabricated Metal Products

1.8

-5.6

 

Wood and Wood Products

0.9

9.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

July 2008

June 2008
(revised)

 

Machinery Except Electrical

-49.5

-46.4

Textiles

-30.7

-17.5

Miscellaneous Manufactures

-28.2

-33.6

Transport Equipment

-7.8

-8.5

Furniture and Fixtures

-19.8

-14.8

Electrical Machinery

-0.2

-1.5

Publishing and Printing

-0.7

1.7

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, June 2008 - July 2008 (concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

July 2008

June 2008
(revised)

 

 

 

Food Manufacturing

7.8

4.3

 

Petroleum Products

12.2

11.7

 

Electrical Machinery

6.9

1.7

 

Basic Metals

25.2

-21.5

 

Transport Equipment

15.5

18.8

 

Footwear and Wearing Apparel

8.2

-1.9

 

Non-Metallic Mineral Products

7.1

0.4

 

Rubber and Plastic Products*

7.5

1.3

 

Tobacco Products

8.4

7.2

 

Fabricated Metal Products

4.7

1.4

 

Miscellaneous Manufactures

3.0

1.9

 

Leather Products

13.1

4.8

 

 

 

 

 

Losers

Month-on-Month Growth (%)

July 2008

June 2008
(revised)

 

Beverages

-15.5

-5.8

Chemical Products (excluding Plastic Products)

-5.7

21.7

Machinery Except Electrical

-4.4

-15.7

Textiles

-6.7

-5.5

Furniture and Fixtures

-8.6

-3.6

Publishing and Printing

-4.8

11.4

Wood and Wood Products

-7.5

-2.3

Paper and Paper Products

-1.9

-3.6

 

Notes:

* - new sector in the 2000-based series.

Sectors are ranked according to their contribution to the overall 2000-based July 2008 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 2008 - July 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

July 2008

June 2008
(revised)

 

 

 

Food Manufacturing

13.2

8.5

 

Chemical Products (excluding Plastic Products)

27.4

16.2

 

Basic Metals

17.8

13.0

 

Non-Metallic Mineral Products

22.5

14.0

 

Footwear and Wearing Apparel

18.4

19.0

 

Beverages

11.1

15.9

 

Tobacco Products

21.9

4.1

 

Rubber and Plastic Products*

13.2

3.5

 

Leather Products

18.6

21.6

 

 

 

Losers

Year-on-Year Growth (%)

July 2008

June 2008
(revised)

 

Machinery Except Electrical

-49.6

-47.2

Petroleum Products

-10.9

-14.7

Textiles

-38.1

-26.6

Transport Equipment

-10.1

-8.5

Miscellaneous Manufactures

-21.1

-23.9

Electrical Machinery

-1.3

2.8

Publishing and Printing

-9.5

-7.3

Furniture and Fixtures

-8.6

-22.8

Wood and Wood Products

-2.2

5.8

Paper and Paper Products

-0.6

-8.1

Fabricated Metal Products

-0.7

-5.8

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, June 2008 - July 2008(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

July 2008

June 2008
(revised)

 

 

Food Manufacturing

6.9

2.5

 

Basic Metals

20.9

-23.7

 

Petroleum Products

7.1

6.4

 

Transport Equipment

13.5

15.8

 

Electrical Machinery

3.2

0.6

 

Footwear and Wearing Apparel

8.0

-2.1

 

Non-Metallic Mineral Products

7.4

0.9

 

Rubber and Plastic Products*

7.3

0.3

 

Tobacco Products

7.3

7.2

 

Furniture and Fixtures

16.6

-10.1

 

Fabricated Metal Products

3.8

-0.7

 

Leather Products

10.2

3.9

 

 

 

Losers

Month-on-Month Growth (%)

 

July 2008 June 2008
(revised)

Beverages

-15.7

-5.8

 

Machinery Except Electrical

-7.2

-17.5

 

Chemical Products (excluding Plastic Products)

-5.7

23.1

 

Textiles

-6.6

-16.0

 

Paper and Paper Products

-4.0

-4.5

 

Publishing and Printing

-4.8

11.4

 

Wood and Wood Products

-7.8

-2.3

 

Miscellaneous Manufactures

-0.7

2.9

 

 

Notes

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based July 2008 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 INDEX, June 2008 - July 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

July 2008

June 2008
(revised)

 

 

 

Petroleum Products

47.6

30.5

 

Basic Metals

49.0

64.5

 

Non-Metallic Mineral Products

51.6

9.9

 

Food Manufacturing

7.5

7.7

 

Electrical Machinery

4.8

-4.6

 

Transport Equipment

8.3

4.2

 

Publishing and Printing

22.6

1.2

 

Paper and Paper Products

10.9

7.7

 

Fabricated Metal Products

6.6

3.9

 

Tobacco Products

3.6

-9.7

 

Leather Products

23.8

19.3

 

Rubber and Plastic Products*

2.1

-1.6

 

 

 

Losers

Year-on-Year Growth (%)

July 2008

June 2008
(revised)

 

Machinery Except Electrical

-49.4

-40.5

Textiles

-24.4

-20.1

Beverages

-6.9

6.5

Miscellaneous Manufactures

-15.1

-23.3

Chemical Products (excluding Plastic Products)

-2.4

-6.2

Furniture and Fixtures

-28.0

-1.7

Footwear and Wearing Apparel

-4.9

-7.8

Wood and Wood Products

-9.3

23.6

 

 

TABLE 2-A. VALUE OF NET SALES INDEX, June 2008 - July 2008
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

July 2008

June 2008
(revised)

 

 

 

Petroleum Products

14.2

6.3

 

Electrical Machinery

6.8

9.0

 

Non-Metallic Mineral Products

30.8

-2.6

 

Transport Equipment

12.4

19.3

 

Publishing and Printing

29.1

8.3

 

Tobacco Products

11.0

-3.8

 

Rubber and Plastic Products*

4.8

-1.5

 

Leather Products

19.1

-9.6

 

Food Manufacturing

0.3

-1.6

 

Miscellaneous Manufactures

1.5

4.1

 

Footwear and Wearing Apparel

0.7

0.6

 

Fabricated Metal Products

0.3

3.0

 

 

 

 

 

Losers

Month-on-Month Growth (%)

July 2008

June 2008
(revised)

 

Chemical Products (excluding Plastic Products)

-13.4

-1.9

Beverages

-22.0

7.0

Machinery Except Electrical

-9.3

-10.7

Basic Metals

-2.7

21.1

Furniture and Fixtures

-13.0

3.8

Wood and Wood Products

-17.2

6.4

Paper and Paper Products

-1.6

0.5

Textiles

-0.7

-2.0

 

Note:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based July 2008 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 INDEX, June 2008 - July 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

July 2008

June 2008
(revised)

 

 

Non-Metallic Mineral Products

49.9

8.5

 

Basic Metals

23.8

34.3

 

Electrical Machinery

3.7

-0.4

 

Petroleum Products

3.6

-6.7

 

Transport Equipment

5.7

4.1

 

Paper and Paper Products

7.6

4.6

 

Publishing and Printing

11.7

-7.8

 

Fabricated Metal Products

3.9

3.7

 

Leather Products

18.3

16.7

 

Tobacco Products

1.9

-10.3

 

 

 

Losers

Year-on-Year Growth (%)

 

July 2008 June 2008
(revised)

Machinery Except Electrical

-49.5

-41.3

 

Textiles

-32.5

-28.9

 

Food Manufacturing

-3.1

-2.0

 

Chemical Products (excluding Plastic Products)

-5.9

-10.5

 

Beverages

-10.1

3.0

 

Furniture and Fixtures

-17.9

-10.9

 

Miscellaneous Manufactures

-6.7

-12.1

 

Footwear and Wearing Apparel

-3.5

-6.2

 

Wood and Wood Products

-12.0

19.7

 

Rubber and Plastic Products*

-5.0

-8.2

 

 

 

TABLE 2-B. VOLUME OF NET SALES INDEX, June 2008 - July 2008
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

July 2008

June 2008
(revised)

 

 

 

Petroleum Products

9.0

1.2

 

Non-Metallic Mineral Products

31.2

-3.8

 

Electrical Machinery

3.0

7.7

 

Transport Equipment

10.5

16.2

 

Publishing and Printing

29.1

8.3

 

Tobacco Products

9.8

-3.8

 

Furniture and Fixtures

11.0

-3.1

 

Rubber and Plastic Products*

4.6

-2.5

 

Leather Products

16.1

-10.5

 

Footwear and Wearing Apparel

0.6

0.5

 

 

 

 

 

Losers

Month-on-Month Growth (%)

July 2008

June 2008
(revised)

 

Chemical Products (excluding Plastic Products)

-13.5

-0.8

Machinery Except Electrical

-11.9

-12.6

Beverages

-22.2

7.0

Basic Metals

-6.1

17.6

Food Manufacturing

-0.6

-3.3

Wood and Wood Products

-17.5

6.4

Paper and Paper Products

-3.6

-0.4

Miscellaneous Manufactures

-2.2

5.2

Textiles

-0.7

-12.9

Fabricated Metal Products

-0.6

0.9

 

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based July 2008 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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