r - revised

•    Value of Production Index gains in July 2013

Value of Production Index (VaPI) for the manufacturing accelerated as it posted an annual growth of 5.2 percent in July 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant expansion in production value was observed in chemical products with a year-on-year growth of 105.3 percent. This was followed by other five major sectors that posted two-digit increases, namely: furniture and fixtures (57.2%), basic metals (53.9%), wood and wood products (21.1%), beverages (13.4%) and non-metallic mineral products (10.0%). Refer to Tables 1-A and 1.

On a month-on-month comparison, VaPI likewise maintained a positive growth of 0.9 percent in July 2013. Twelve major sectors reported a month-on-month increases in value of production, with two-digit increases observed in transport equipment (14.9%) and tobacco products (12.0%). Refer to Tables 1-A and 1.

•    Volume of Production Index registers two-digit growth in July 2013

Volume of Production Index (VoPI) gained as it recorded an annual increment of 12.1 percent in July 2013. Significant expansion in production output was exhibited by furniture and fixtures and chemical products with an increase of 135.9 percent and 115.7 percent, respectively. Other major sectors that contributed to the growth were the following: basic metals (78.5%), wood and wood products (18.5%), non-metallic mineral products (10.0%) and rubber and plastic products(10.0%). Refer to Tables 1-B and 2.

VoPI, on a month-on-month comparison, grew 2.1 percent in July 2013. Three of the 12 major sectors that mainly influenced the growth were: transport equipment (15.3%), furniture and fixtures (14.2%), and tobacco products (12.0%). Refer to Tables 1-B and 2.

•    Value of Net Sales index maintains a two-digit increment

On a year-on-year basis, Value of Net Sales Index (VaNSI) continued to increase, showing an upward growth of 15.5 percent in July 2013. The major contributing factor was the expansion in sales of 13 major sectors of manufacturing industry led by chemical products with a three-digit growth of 137.9 percent. This was followed by other seven major sectors that posted two-digit increases, namely: basic metals (76.9%), furniture and fixtures (75.1%), tobacco products (31.7%), leather products (21.4%), beverages (20.7%), textiles (11.7%) and wood and wood products (10.3%). Refer to Tables 2-A and 3.

VaNSI, on a monthly basis also posted an increase of 0.8 percent in July 2013. This was primarily due to the increase in sales value of leather products (13.2%). Refer to Tables 2-A and 3.

•    Volume of Net Sales Index also exhibits two-digit growth

Volume of Net Sales Index (VoNSI) continued to grow as it posted an annual increment of 23.1 percent in July 2013. This was attributed to the expansion in sales output observed in 13 major sectors, with three-digit increases reported by the following: furniture and fixtures (162.7%), chemical products (150.0%) and basic metals (105.2%). Other major sectors that posted two-digit increases were the following: tobacco products (41.7%), rubber and plastic products (24.3%), leather products (20.0%), machinery except electrical (16.3%), and beverages (14.4%). Refer to Tables 2-B and 4.

On a month-on-month basis, VoNSI reflected a month-on-month increment of 2.0 percent in July 2013. The major sectors that recorded two-digit increases in sales volume were furniture and fixtures (16.8%), leather products (13.2%) and transport equipment (10.2%). Refer  to  Tables 2-B and 4.

•    Capacity Utilization in July 2013 is 83.3 percent

Average capacity utilization in July 2013 for total manufacturing was recorded at 83.3 percent. Fifty percent of the 20 major sectors registered capacity utilization rates of 80 percent or more.  These were:

• petroleum products (88.7%)
• basic metals (87.3%)
• non-metallic mineral products (85.8%)
• electrical machinery (84.8%)
• machinery except electrical (84.7%)
• food manufacturing (84.5%)
• paper and paper products (83.2%)
• chemical products (82.7%)
• rubber and plastic products (82.3%)
• wood and wood products (81.1%)

The proportion of establishments that operated at full capacity (90% to 100%) was 22.9 percent in July 2013. About 55.0 percent of the establishments operated at 70% to 89% capacity while 22.1 percent of the establishments operated below 70% capacity. Refer to Table 6.

•    Industry Coverage

The industry coverage of the 2013 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors, as shown below, with 10 further disaggregated into sub-sectors.

•    Response Rate

The response rates for the July 2013 MISSI and PPS are 76.2 percent and 90.0 percent, respectively.  Refer to Tables 7 and 8.

Data of non-responding samples were estimated based on previous records and other administrative reports of these establishments.  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 2013– July 2013

   (2000 =100)

  TABLE 1-A  Value of Production Index, June 2013 – July 2013

(2000 = 100) (concluded)

TABLE 1-B  Volume of Production Index, June 2013– July 2013

(2000 = 100)

TABLE 1-B  Volume of Production Index, June 2013 – July 2013

(2000 = 100) (concluded)

TABLE 2-A  Value of Net Sales Index, June 2013– July 2013

(2000 =100)

TABLE 2-A  Value of Net Sales Index, June 2013– July 2013

(2000 = 100) (concluded)

TABLE 2-B  Volume of Net Sales Index, June 2013– July 2013

(2000 = 100)

TABLE 2-B  Volume of Net Sales Index, June 2013– July 2013

(2000 = 100) (concluded)