Monthly Integrated Survey of Selected Industries : July 2011

Reference Number: 

2011-071

Release Date: 

Thursday, September 29, 2011

    

Total Manufacturing    July 2011     June 2011
Year-on-Year Growth  
    Production Index (2000=100)  
            Value         (VaPI) 6.7 3.5r
            Volume     (VoPI) 6.8 1.2r
    Net Sales Index (2000=100)  
            Value        (VaNSI) 14.5 5.6r
            Volume     (VoNSI) 14.6 3.2r
    Producer Price Index (2000=100) -0.1r 2.3r
    AVERAGE CAPACITY UTILIZATION 83.3 83.2r

                                                                   r-revised
                                          

  • Value of Production accelerates in July 2011

     

Value of Production Index (VaPI) for total manufacturing recorded an average annual growth of 6.7 percent in July 2011, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was accounted for by 13 major sectors with two-digit increment in production values exhibited by the following: furniture and fixtures, publishing and printing, petroleum products, paper and paper products, rubber and plastic products, beverages, chemical products and basic metals. Refer to Tables 1-A and 1.

On a monthly comparison, VaPI likewise posted a 3.4 percent growth from a less than one percent (0.1%) decrement in June 2011. The three major sectors that mainly influenced the increase in production values were basic metals, leather products and transport equipment. Refer to Tables 1-A and 1.

 

  • Volume of Production posts positive growth

     

On a year-on-year basis, Volume of Production Index (VoPI) grew as it posted an increment of 6.8 percent in July 2011. This was attributed to the increases in production values reported by 13 major sectors, led by furniture and fixtures which exhibited a three-digit growth of 134.7 percent. Other major sectors that significantly contributed to the growth were: publishing and printing, paper and paper products, beverages, miscellaneous manufactures, chemical products and rubber and plastic products. Refer to Tables 1-B and 2.

VoPI, on a month- on-month basis, climbed by 5.9 percent in July 2011. compared with the previous month's decline of 1.6 percent. Fourteen of the 20 major sectors reported increases in production output, led by basic metals, leather products, transport equipment, machinery except electrical and non-metallic mineral products. Refer to Tables 1-B and 2.

  • Value of Net Sales on increasing trend in July 2011

     

    Value of Net Sales Index (VaNSI) on a year-on-year performance improved in July 2011, reflecting a two-digit increment of 14.5 percent. The major contributing sectors with significant increases in sales value were noted in the following: basic metals, food manufacturing, publishing and printing, beverages, petroleum products, non-metallic mineral products and rubber and plastic products. Refer to Tables 2-A and 3.

    Also, VaNSI on a month-on-month basis, grew as it posted an increase of 2.7 percent in July 2011. Significant contributors to the growth were registered in the following major sectors: basic metals, leather products, tobacco products and electrical machinery. Refer to Tables 2-A and 3.

    • Volume of Net Sales shows two-digit growth

     

     

     

    Volume of Net Sales Index (VoNSI) posted a two-digit increment of 14.6 percent in July 2011. This was attributed to better sales output observed in 13 major sectors, with two-digit growth observed in the following: furniture and fixtures, publishing and printing, basic metals, beverages, food manufacturing and non-metallic mineral products. Refer to Tables 2-B and 4.

    On a month-on-month change, VoNSI recovered as it posted an increase of 5.2 percent in July 2011 from a negative 1.2 percent. Twelve major sectors reported output expansion in sales, with two-digit increases in basic metals, leather products, tobacco products, machinery except electrical, electrical machinery, non-metallic mineral products and textiles. Refer to Tables 2-B and 4.

    • Capacity Utilization

       

      Average capacity utilization in July 2011 for total manufacturing stood at 83.3 percent. Ten of the 20 major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, petroleum products, food manufacturing, non-metallic mineral products, electrical machinery, paper and paper products, chemical products, miscellaneous manufactures, rubber and plastic products and machinery except electrical. Refer to Table 6.

      The proportion of establishments that operated at full capacity (90% to 100%) was 15.7 percent in July 2011. About 60.8 percent of the establishments operated at 70% to 89% capacity while 23.5 percent of the establishments operated below 70% capacity.

       

       
      Distribution of Key Manufacturing Establishments by Capacity Utilization
      Total Manufacturing, July 2011

      (In percent)
      Capacity Utilization Percent Share
      Below 50 percent 5.2
      50 percent - 59 percent 7.4
      60 percent - 69 percent 10.9
      70 percent - 79 percent 19.8
      80 percent - 89 percent 41.0
      90 percent - 100 percent 15.7

       

      • Response Rates

         

      The response rates for the July 2011 MISSI and PPS are 83.3 percent and 90.9 percent, respectively. Refer to Tables 7 and 8

       

      Response Rates for Total Manufacturing
      (In percent)
        July 2011 June 2011
      (revised)
      MISSI 83.3 91.6r
      PPS 90.9r 95.6r

       

                                                                                       r-revised
      • Technical Notes

        The Monthly Integrated of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office to provide flash indicators on the performance of growth-oriented industries in the manufacturing sector. The survey gathers monthly data on employment, compensation, production, net sales, inventories and capacity utilization.

        The MISSI utilizes the Laspeyres-type method of index computation where the weights are computed from the value of production of the Census of Philippine Business and Industry (CPBI). Rebasing of data series is undertaken as soon as new CPBI are available.

        For the 2010 MISSI index series with base year of 2000, the weights of the major sectors and sub-sectors were computed from the results of the 2000 CPBI for manufacturing establishments with average total employment of 20 and over.

        The indicators generated from the 2010 MISSI are Value of Production Index (VaPI), Volume of Production Index (VoPI), Value of Net Sales (VaNSI), and Volume of Net Sales (VoNSI). However, the VoPI and VoNSI are derived indicators utilizing the Producer Price Index as deflator.

        The industry coverage of the 2010 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors as shown below with 10 further disaggregated into sub-sectors.

         

         
        PSIC CODE INDUSTRY DESCRIPTION
        15 except 155 Food Manufacturing*
        155 Beverages
        16 Tobacco products
        17 Textiles*
        18,174 and 192 Footwear and wearing apparel
        191 Leather products
        20 Wood and wood products*
        21 Paper and paper products
        22 Publishing and printing
        23 Petroleum products*
        24 Chemical products*
        25 Rubber and plastic products*
        26 Non-metallic mineral products*
        27 Basic metals*
        28 Fabricated metal products
        29 and 30 Machinery except electrical*
        31 and 32 Electrical machinery*
        34 and 35 Transport equipment
        36 Furniture and fixtures
        33 and 39 Miscellaneous manufactures

                                                    Note: * - Major sectors categorized into sub-sectors

        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 2011 - July 2011
      (2000=100)
       
      Gainers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
       

      Petroleum Products

      31.2

      40.2

      Chemical Products

      13.1

      6.4

      Beverages

      14.3

      14.9

      Paper and Paper Products

      28.8

      13.3

      Rubber and Plastic Products*

      17.7

      22.8

      Basic Metals

      11.1

      -4.0

      Publishing and Printing

      42.0

      -13.6

      Food Manufacturing

      2.3

      2.2

      Furniture and Fixtures

      46.6

      59.1

      Footwear and Wearing Apparel

      7.7

      6.2

      Transport Equipment

      4.0

      -14.8

      Miscellaneous Manufactures

      5.4

      8.2

      Leather Products

      4.2

      -14.3

       
      Losers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
       

      Machinery Except Electrical

      -34.7

      -44.0

      Electrical Machinery

      -1.7

      -5.8

      Non-Metallic Mineral Products

      -5.8

      -2.5

      Wood and Wood Products

      -28.1

      -22.6

      Textiles

      -7.9

      -4.1

      Tobacco Products

      -3.3

      10.5

      Fabricated Metal Products

      -2.6

      4.7

       

      TABLE 1-A. Value of Production Index, June 2011 - July 2011 (concluded)
      (2000=100)
       
      Gainers Month-on-Month Growth (%)
      July 2011 June 2011
      (revised)
       

      Basic Metals

      26.7

      -8.7

      Transport Equipment

      19.0

      37.5

      Chemical Products

      6.9

      -7.8

      Petroleum Products

      4.4

      -12.5

      Food Manufacturing

      2.1

      -0.6

      Machinery Except Electrical

      3.7

      0.8

      Electrical Machinery

      1.5

      21.6

      Footwear and Wearing Apparel

      4.1

      13.1

      Leather Products

      26.3

      24.0

      Paper and Paper Products

      2.9

      0.2

      Rubber and Plastic Products

      1.7

      5.7

      Tobacco Products

      1.7

      -2.7

      Non-Metallic Mineral Products

      0.8

      -3.4

      Wood and Wood Products

      0.6

      -13.1

       
      Losers Month-on-Month Growth (%)
      July 2011 June 2011
      (revised)
       

      Beverages

      -17.7

      2.3

      Fabricated Metal Products

      -8.4

      -1.1

      Miscellaneous Manufactures

      -3.3

      -22.8

      Textiles

      -1.5

      -8.1

      Furniture and Fixtures

      -2.6

      3.1

      Publishing and Printing

      -0.8

      30.0

      Notes:

      * - new sector in the 2000-based series

      Sectors are ranked according to their contribution to the overall 2000-based July 2011 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 2011 - July 2011
      (2000=100)
       
      Gainers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
       

      Electrical Machinery

      5.7

      -0.8

      Furniture and Fixtures

      134.7

      166.5

      Chemical Products

      12.9

      5.4

      Beverages

      18.8

      20.0

      Paper and Paper Products

      32.9

      14.9

      Publishing and Printing

      42.0

      -13.6

      Rubber and Plastic Products*

      12.8

      17.2

      Miscellaneous Manufactures

      14.3

      22.2

      Footwear and Wearing Apparel

      8.1

      6.5

      Petroleum Products

      1.7

      16.1

      Transport Equipment

      1.0

      -16.4

      Leather Products

      3.4

      15.5

      Basic Metals

      0.1

      -17.6

       
      Losers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
       

      Machinery Except Electrical

      -32.9

      -49.1

      Food Manufacturing

      -4.7

      -6.4

      Textiles

      -10.8

      -9.9

      Wood and Wood Products

      -28.1

      -22.6

      Tobacco Products

      -7.5

      5.7

      Non-Metallic Mineral Products

      -1.8

      -8.7

      Fabricated Metal Products

      -3.5

      4.9

       

      TABLE 1-B. Volume of Production Index, June 2011 - July 2011(concluded)
      (2000=100)
       
      Gainers Month-on-Month Growth (%)
      July 2011 June 2011
      (revised)
      Losers Month-on-Month Growth (%)
      July 2011 June 2011
      (revised)
       

      Machinery Except Electrical

      17.1

      -8.3

      Basic Metals

      34.9

      -11.8

      Transport Equipment

      17.5

      35.4

      Electrical Machinery

      3.4

      21.8

      Food Manufacturing

      3.4

      -0.3

      Chemical Products

      6.8

      -8.1

      Non-Metallic Mineral Products

      12.7

      -8.5

      Footwear and Wearing Apparel

      5.4

      13.6

      Petroleum Products

      0.8

      -12.5

      Paper and Paper Products

      3.5

      -0.6

      Rubber and Plastic Products*

      2.2

      5.9

      Leather Products

      25.5

      23.5

      Tobacco Products

      1.7

      -2.7

      Wood and Wood Products

      0.6

      -13.1

       
       

      Beverages

      -18.0

      -1.8

      Miscellaneous Manufactures

      -6.2

      -18.9

      Fabricated Metal Products

      -7.7

      -4.3

      Furniture and Fixtures

      -9.7

      13.4

      Publishing and Printing

      -0.8

      30.0

      Textiles

      -0.3

      -8.2

      Notes

      * - new sector in the 2000-based series

      Sectors are ranked according to their contribution to the overall 2000-based July 2011 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 2011 - July 2011
      (2000=100)
       
      Gainers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
       

      Food Manufacturing

      31.8

      29.9

      Basic Metals

      40.9

      -11.5

      Petroleum Products

      16.8

      8.2

      Beverages

      20.7

      1.0

      Chemical Products

      6.7

      16.0

      Machinery Except Electrical

      6.0

      -15.0

      Publishing and Printing

      28.8

      14.8

      Non-Metallic Mineral Products

      11.0

      -0.2

      Footwear and Wearing Apparel

      8.4

      0.6

      Rubber and Plastic Products*

      10.7

      17.6

      Paper and Paper Products

      4.1

      6.6

      Furniture and Fixtures

      5.3

      14.9

      Transport Equipment

      0.8

      5.4

       
      Losers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
       

      Electrical Machinery

      -3.3

      -13.3

      Fabricated Metal Products

      -11.9

      -6.1

      Wood and Wood Products

      -21.3

      -17.9

      Tobacco Products

      -2.5

      -8.0

      Textiles

      -2.4

      -2.1

      Leather Products

      -11.9

      -24.1

      Miscellaneous Manufactures

      -0.6

      2.9

       

      TABLE 2-A. Value of Net Sales Index, June 2011 - July 2011
      (concluded)
      (2000=100)
       
      Gainers Month-on-Month Growth (%)
      July 2011 June 2011
      (revised)
       

      Electrical Machinery

      10.8

      1.6

      Basic Metals

      30.7

      -17.6

      Food Manufacturing

      2.5

      2.5

      Tobacco Products

      20.1

      18.1

      Machinery Except Electrical

      3.3

      0.4

      Textiles

      8.8

      0.5

      Transport Equipment

      2.4

      19.8

      Leather Products

      27.8

      28.3

      Wood and Wood Products

      7.8

      -17.3

      Publishing and Printing

      1.2

      18.9

      Miscellaneous Manufactures

      0.4

      2.2

       
      Losers Month-on-Month Growth (%)
      July 2011 June 2011
      (revised)
       

      Chemical Products

      -10.6

      5.5

      Beverages

      -13.4

      -1.3

      Footwear and Wearing Apparel

      -4.7

      10.1

      Fabricated Metal Products

      -9.5

      9.2

      Petroleum Products

      -0.7

      -2.4

      Furniture and Fixtures

      -6.8

      7.0

      Paper and Paper Products

      -1.7

      -7.9

      Rubber and Plastic Products

      -0.3

      9.0

      Non-Metallic Mineral Products

      a/

      -7.8

       

      Note:

      * - new sector in the 2000-based series

      a/ - Less than 0.1 percent increase

      Sectors are ranked according to their contribution to the overall 2000-based July 2011 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 2011 - July 2011
      (2000=100)
       
      Gainers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
      Losers Year-on-Year Growth (%)
      July 2011 June 2011
      (revised)
       

      Food Manufacturing

      22.8

      19.0

      Basic Metals

      26.9

      -24.0

      Beverages

      25.4

      5.4

      Machinery Except Electrical

      9.1

      -22.7

      Electrical Machinery

      4.0

      -8.7

      Chemical Products

      6.5

      14.8

      Furniture and Fixtures

      68.5

      92.5

      Non-Metallic Mineral Products

      15.6

      -6.5

      Publishing and Printing

      28.8

      14.8

      Footwear and Wearing Apparel

      8.9

      0.9

      Miscellaneous Manufactures

      7.8

      16.3

      Paper and Paper Products

      7.5

      8.1

      Rubber and Plastic Products*

      6.1

      12.2

       
       

      Petroleum Products

      -9.4

      -10.4

      Fabricated Metal Products

      -12.8

      -5.9

      Tobacco Products

      -6.8

      -12.0

      Wood and Wood Products

      -21.4

      -18.0

      Textiles

      -5.5

      -8.0

      Transport Equipment

      -2.1

      3.4

      Leather Products

      -12.5

      -25.2

       

      TABLE 2-B. Volume of Net Sales Index, June 2011 - July 2011
      (concluded)
      (2000=100)
       
      Gainers Month-on-Month Growth (%)
      July 2011 June 2011
      (revised)
       

      Electrical Machinery

      12.8

      1.7

      Basic Metals

      39.2

      -20.5

      Machinery Except Electrical

      16.6

      -8.7

      Food Manufacturing

      3.8

      2.8

      Tobacco Products

      20.1

      18.1

      Non-Metallic Mineral Products

      11.8

      -12.7

      Textiles

      10.0

      0.4

      Leather Products

      27.0

      27.8

      Transport Equipment

      1.1

      18.0

      Wood and Wood Products

      7.8

      -17.3

      Publishing and Printing

      1.2

      18.9

      Rubber and Plastic Products*

      0.2

      9.2

       
      Losers Month-on-Month Growth (%)
      July 2011 JUne 2011
      (revised)
       

      Chemical Products

      -10.6

      5.1

      Beverages

      -13.8

      -0.8

      Petroleum Products

      -4.1

      -2.5

      Fabricated Metal Products

      -8.7

      5.7

      Footwear and Wearing Apparel

      -3.5

      10.5

      Furniture and Fixtures

      -13.6

      17.7

      Miscellaneous Manufactures

      -2.6

      7.3

      Paper and Paper Products

      -1.1

      -8.7

      Note:

      *  -   new sector in the 2000-based series

      Sectors are ranked according to their contribution to the overall 2000-based July 2011 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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