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Release Date :
Reference Number :
2016-138

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: July 2016 and July 2015
 

TOTAL MANUFACTURING

JULY
2016
JULY
2015

        Production Index (2000=100)

 

 

       Value       (VaPI)

5.6

-6.6

       Volume    (VoPI)

10.1

0.1

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

1/

-4.2

       Volume     (VoNSI)

4.3

2.8

        Producer Price Index (2000=100)

-4.1r

-6.7

                                                  1/ - Less than 0.1 percent decrease
                                                  r - revised

                                                 

  • Value of Production Index bounces in July 2016

Value of Production Index (VaPI) leaped as it posted an annual increment of 5.6 percent in July 2016 from a negative 6.6 percent during the same month of 2015, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the increases in VaPI exhibited by nine major sectors, outpacing the decrements reported by 11 major sectors. Seven of the nine major sectors largely contributed to the increase in VaPI, namely: basic metals (56.9%), transport equipment (33.7%), rubber and plastic products (27.1%), tobacco products (19.8%), wood and wood products (18.5%), beverages (15.8%) and food manufacturing (15.7%). Refer to Tables 1-A and 1.

 

  • Volume of Production posts two-digit increment

Volume of Production Index (VoPI) increased, posting a two-digit growth of 10.1 percent in July 2016. This was attributed to the significant expansion made by basic metals which surged by 64.1 percent on account of the non-ferrous metal industry. The industry grew 501.8 percent in July 2016.

Other major sectors with two-digit increases were observed in the following: transport equipment (35.8%), rubber and plastic products (29.7%), machinery except electrical (27.2%), wood and wood products (19.7%), tobacco products (19.6%), food manufacturing (14.1%) and beverages (10.9%). Refer to Tables 1-B and 2.

 

 

  • Value of Net Sales Index slips

Value of Net Sales Index (VaNSI) reflected a minimal annual drop of less than one percent (0.02%) in July 2016, showing an improvement from the 4.2 percent decrease during the same period a year ago. Six major sectors mainly influenced the decline in VaNSI, posting two-digit decreases. These were fabricated metal products (-28.2%), printing (-23.0%), petroleum products (-19.7%), transport equipment (-19.1%), textiles (-17.9%) and furniture and fixtures (-12.1%). Refer to Tables 2-A and 3.

 

 

  • Volume of Net Sales Index expands

Volume of Net Sales Index (VoNSI) gained as it posted a year-on-year growth of 4.3 percent  in July 2016. Seven of the 11 major sectors that pulled-up the VoNSI showed significant increases, as follows: basic metals (44.4%), machinery except electrical (36.1%), wood and wood products (23.5%), leather products (17.5%), beverages (14.8%), furniture and fixtures (14.4%) and rubber and plastic products (13.0%). Refer to Tables   2-B and 4.

 

     

    • Average Capacity Utilization Rate in July 2016 is 83.5 percent with basic metals posting the highest among industries

    Average capacity utilization rate in July 2016 for total manufacturing was recorded at 83.5 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

     

    • basic metals (88.5%)
    • petroleum products (88.3%)
    • non-metallic mineral products (86.5%)
    • machinery except electrical (85.2%)
    • food manufacturing (84.6%)
    • electrical machinery (84.4%)
    • chemical products (84.3%)
    • paper and paper products (83.2%)
    • rubber and plastic products (83.0%)
    • wood and wood products (81.1%)
    • printing (80.3%)

     

    The proportion of establishments that operated at full capacity (90% to 100%) was 23.6 percent in July 2016. About 58.3 percent of the establishments operated at 70 percent to 89 percent capacity while 18.1 percent of the establishments operated below 70 percent capacity. Refer to Table B and 6.

     

    Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: July 2016

    Capacity Utilization

    Percent Share

    Below 50%

       3.3

    50% - 59%

       5.1

    60% - 69%

       9.7

    70% - 79%

     23.5

    80% - 89%

     34.8

     90% - 100%

     23.6

     

    • Industry Coverage

    The 2016 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2016 MISSI. These are presented in the table below.

     

    2009 PSIC CODE

    INDUSTRY DESCRIPTION

    C10

    Food manufacturing *

    C11

    Beverages

    C12

    Tobacco products

    C13

    Textiles*

    C14, C152

    Footwear and wearing apparel

    C151

    Leather products

    C16

    Wood and wood products*     

    C17

    Paper and paper products

    C18

    Printing

    C19

    Petroleum products*

    C20,C21

    Chemical products*

    C22

    Rubber and plastic products*     

    C23

    Non-metallic mineral products*

    C24

    Basic metals*          

    C25,C3311

    Fabricated metal products

    C262,C275,C28,

    C263,C268,C3312,C332

    Machinery except electrical*

    C261,C264,C27,

    C29301,C3314,C332

    Electrical machinery*

    C29 except C29301,

    C30,C3315

    Transport equipment

    C31

    Furniture and fixtures

    C265,C266,C267,C32, C3313,C3319

    Miscellaneous manufactures

    Note:  * - Major industries categorized  into sub-industries

     

    • Response Rate         

    The response rates for the July 2016 MISSI and PPS are 79.7 and 84.3 percent, respectively.  Refer to Tables 7 and 8.

     

    Table C  Response Rates for Total Manufacturing
    (In percent)

     

    July 2016

    June 2016
    (Revised)

    MISSI

    79.7

    90.3r

    PPS

    84.3r

    90.6r

                                 r - revised

     

    Data of non-responding samples were estimated using short-term geometric mean of the relative values of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

     

                                                                           FOR THE NATIONAL STATISTICIAN:

     

                                                                                                          (Sgd.)   ESTELA T. DE GUZMAN
                                                                                                                 (Deputy National Statistician)                                                                                                                
                                                                                                                          Officer-in-Charge)

     

     

     


     

    TABLE 1-A Value of Production Index, June 2016 and July 2016

       (2000 =100)

    Gainers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Food manufacturing

    15.7

    4.0

    Basic metals

    56.9

    54.3

    Transport equipment

    33.7

    41.9

    Rubber and plastic products

    27.1

    28.6

    Beverages

    15.8

    26.8

    Machinery except electrical

    6.2

    35.5

    Chemical products

    5.9

    2.9

    Tobacco products

    19.8

    27.6

    Wood and wood products

    18.5

    11.0

     

    Losers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Petroleum products

    -17.2

    -14.8

    Electrical machinery

    -6.4

    -8.1

    Fabricated metal products

    -34.4

    -31.5

    Footwear and wearing apparel

    -7.3

    -9.0

    Furniture and fixtures

    -28.2

    -17.7

    Leather products

    -87.2

    -85.1

    Textiles

    -10.7

    -14.6

    Miscellaneous manufactures

    -8.7

    0.3

    Paper and paper products

    -5.3

    -2.2

    Non-metallic mineral products

    -2.4

    -1.4

    Printing

    -2.8

    12.1

     

    Notes: Major Industries are ranked according to their contribution to the overall 2000-based July 2016 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
               year same month index less 1.

     

     

     

    TABLE 1-B  Volume of Production Index, June 2016 and July 2016

    (2000 = 100)

    Gainers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Basic metals

    64.1

    70.6

    Machinery except electrical          

    27.2

    60.1

    Food manufacturing

    14.1

    2.6

    Transport equipment

    35.8

    40.2

    Rubber and plastic products

    29.7

    35.0

    Chemical products

    6.9

    3.8

    Beverages

    10.9

    21.4

    Tobacco products

    19.6

    27.1

    Wood and wood products

    19.7

    12.1

     

    Losers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Electrical machinery

    -6.9

    -8.3

    Petroleum products

    -6.2

    -1.9

    Fabricated metal products

    -34.6

    -31.7

    Miscellaneous manufactures

    -13.8

    -5.6

    Textiles

    -10.9

    -15.2

    Leather products

    -86.5

    -84.3

    Non-metallic mineral products

    -4.4

    -4.0

    Footwear and wearing apparel

    -2.9

    -6.4

    Paper and paper products

    -4.5

    -2.8

    Furniture and fixtures

    -6.6

    7.4

    Printing

    -2.1

    12.8

     
    Notes: Major Industries are ranked according to their contribution to the overall 2000-based July 2016 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
               year same month index less 1.

     

     

     

    TABLE 2-A  Value of Net Sales Index, June 2016 and July 2016

    (2000 =100)

    Gainers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Basic metals

    38.0

    34.0

    Food manufacturing

    8.2

    -0.6

    Machinery except electrical

    13.8

    24.7

    Beverages

    19.9

    24.4

    Chemical products

    4.8

    5.1

    Non-metallic mineral products

    9.5

    18.0

    Rubber and plastic products

    10.7

    13.2

    Wood and wood products

    22.2

    26.1

    Paper and paper products

    3.4

    18.7

    Leather products

    11.2

    9.4

     

    Losers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Petroleum products

    -19.7

    -12.2

    Electrical machinery

    -8.8

    -5.3

    Transport equipment

    -19.1

    -18.9

    Fabricated metal products

    -28.2

    -21.0

    Textiles

    -17.9

    -23.1

    Footwear and wearing apparel

    -9.6

    -10.9

    Printing

    -23.0

    -4.6

    Miscellaneous manufactures

    -9.4

    -0.8

    Furniture and fixtures

    -12.1

    -2.6

    Tobacco products

    -1.8

    0.1

     
    Notes: Major Industries are ranked according to their contribution to the overall 2000-based July 2016 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
               year same month index less 1.

     

     

     

    TABLE 2-B  Volume of Net Sales Index, June 2016 and July 2016

    (2000 = 100)

    Gainers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Machinery except electrical

    36.1

    47.4

    Basic metals

    44.4

    48.2

    Food manufacturing

    6.7

    -1.9

    Beverages

    14.8

    19.1

    Chemical products

    5.8

    6.0

    Non-metallic mineral products

    7.3

    14.9

    Rubber and plastic products

    13.0

    18.9

    Wood and wood products

    23.5

    27.4

    Furniture and fixtures

    14.4

    27.2

    Paper and paper products

    4.2

    17.9

    Leather products

    17.5

    15.3

     

    Losers

    Year-on-Year Growth (%)

    July 2016
    June 2016
    (revised)

    Electrical machinery

    -9.3

    -5.5

    Petroleum products

    -9.0

    1.1

    Transport equipment

    -17.8

    -19.9

    Fabricated metal products

    -28.5

    -21.3

    Textiles

    -18.0

    -23.7

    Miscellaneous manufactures

    -14.4

    -6.6

    Printing

    -22.5

    -4.0

    Footwear and wearing apparel

    -5.4

    -8.3

    Tobacco products

    -2.0

    -0.3

     
    Notes: Major Industries are ranked according to their contribution to the overall 2000-based July 2016 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
               year same month index less 1.

     

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