Monthly Integrated Survey of Selected Industries : July 2018

Reference Number: 

2018-144

Release Date: 

Tuesday, September 4, 2018

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: July 2018 and July 2017

TOTAL MANUFACTURING

JULY
2018
JULY
2017

Production Index (2000=100)

 

 

       Value       (VaPI)

12.2

-6.0

       Volume    (VoPI)

11.8

-5.1

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

18.1

-6.6

       Volume     (VoNSI)

17.7

-5.8

 Producer Price Index (2000=100)

0.4r

-0.8

r - revised

  • Value of Production Index expands in July 2018

The Value of Production Index (VaPI) for manufacturing continued to increase, registering a two-digit growth of 12.2 percent in July 2018 compared with the level in the same month of the previous year, based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was attributed to the significant improvement in the production performance of 15 major sectors which were the following: petroleum products (66.5%), textiles (39.1%), beverages (38.3%), basic metals (29.9%), miscellaneous manufactures (24.7%), machinery except electrical (19.1%), paper and paper products (15.4%) and electrical machinery (10.3%). In the same period of the previous year, VaPI experienced a negative annual growth of 6.0 percent. Refer to Tables 1-A and 1.

  • Volume of Production Index accelerates at a faster pace

The Volume of Production Index (VoPI) accelerated in July 2018 at 11.8 percent compared with the figure during the same month of the previous year. Seven of the 14 major sectors that pulled-up the VoPI were as follows: fabricated metal products (39.7%), petroleum products (38.3%), textiles (33.5%), beverages (21.8%), miscellaneous manufactures (19.9%), basic metals (19.1%) and machinery except electrical (12.1%). In the same period of the previous year, VoPI went down by 5.1 percent. Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index rises

The Value of Net Sales Index (VaNSI) stepped up as it posted an annual growth of 18.1 percent from a negative growth rate of 6.6 percent in the same month of the previous year. Sectors that largely contributed to the growth in VaNSI were the following: tobacco products (46.6%), basic metals (39.8%), miscellaneous manufactures (32.6%), petroleum products (28.8%), beverages (27.7%), machinery except electrical (26.7%), footwear and wearing apparel (20.9%), electrical machinery (20.7), paper and paper products (16.5%), non-metallic mineral products (15.7%), food manufacturing (14.1%) and fabricated metal products (10.1%). Refer to Tables 2-A and 3.

  • Volume of Net Sales Index likewise increases

The Volume of Net Sales Index (VoNSI) climbed to 17.7 percent in July 2018 from a 5.8 percent decrease during the same month of the previous year. Of the 17 major sectors that exhibited increases in VoNSI, 12 sectors registered two-digit growth, namely: fabricated metal products (44.3%), basic metals (28.6%), footwear and wearing apparel (24.8%), miscellaneous manufactures (21.2%), furniture and fixtures (18.7%), food manufacturing (17.2%), machinery except electrical (16.3%), paper and paper products (12.4%), electrical machinery (12.2%), rubber and plastic products (11.5%), beverages (10.7%) and chemical products (10.2%). Refer to Tables 2-B and 4.

 

 

Average Capacity Utilization Rate in July 2018 is 84.2 percent with petroleum products posting the highest among industries

Average capacity utilization rate in July 2018 for total manufacturing was recorded at 84.2 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (89.7%)
  • basic metals (89.1%)
  • non-metallic mineral products (86.4%)
  • machinery except electrical (86.0%)
  • electrical machinery (85.0%)
  • food manufacturing (84.9%)
  • chemical products (84.8%)
  • paper and paper products (83.7%)
  • rubber and plastic products (83.3%)
  • wood and wood products (81.2%)
  • textiles (80.3%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded at more than one-fourth of the total number of establishments (26.6%) in July 2018. About 55.0 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.4%) 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 2018

Capacity Utilization

Percent Share

Below 50%

3.7

50% - 59%

4.6

60% - 69%

10.1

70% - 79%

 21.7

80% - 89%

 33.3

 90% - 100%

 26.6

 

Response Rate

The response rates for the July 2018 MISSI and PPS were 78.1 percent and 83.2 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing

(In percent)

 

July 2018

June 2018
(Revised)

MISSI

78.1

90.5r

PPS

83.2r

92.4r

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 of the preliminary estimates were done upon receipt of actual reports of late respondents.

 

 

 

 

LISA GRACE S. BERSALES, Ph. D.

Undersecretary

National Statistician and Civil Registrar General

 


 

TABLE 1-A Value of Production Index, June 2018 and July 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

July 2018
June 2018
(revised)

Gainers

 

 

Petroleum products

66.5

89.9

Electrical machinery

10.3

19.2

Machinery except electrical

19.1

21.2

Beverages

38.3

23.6

Basic metals

29.9

8.1

Textiles

39.1

33.9

Food manufacturing

3.2

13.0

Miscellaneous manufactures

24.7

9.1

Paper and paper products

15.4

14.3

Non-metallic mineral products

7.3

-1.8

Rubber and plastic products

7.2

5.6

Transport equipment

4.5

-7.1

Chemical products

1.6

-3.6

Fabricated metal products

6.6

-4.3

Leather products

6.9

8.2

Losers

 

 

Tobacco products

-46.0

-23.7

Printing

-67.6

-70.7

Footwear and wearing apparel

-20.1

-10.1

Furniture and fixtures

-15.0

7.6

Wood and wood products

-11.4

-11.6

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based July 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 

TABLE 1-B  Volume of Production Index, June 2018 and July 2018

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

July 2018
June 2018
(revised)

Gainers

 

 

Petroleum products

38.3

61.9

Machinery except electrical          

12.1

14.1

Beverages

21.8

8.7

Basic metals

19.1

1.1

Food manufacturing

3.7

13.1

Textiles

33.5

29.1

Electrical machinery

3.3

13.2

Fabricated metal products

39.7

7.4

Miscellaneous manufactures

19.9

5.1

Rubber and plastic products

9.2

8.4

Chemical products

2.4

-3.2

Paper and paper products

8.6

10.1

Transport equipment

2.7

-8.1

Leather products

8.3

9.8

Losers

 

 

Tobacco products

-64.6

-49.9

Printing

-68.9

-71.9

Footwear and wearing apparel

-17.9

-9.1

Wood and wood products

-9.3

-11.4

Furniture and fixtures

-4.6

17.5

Non-metallic mineral products

-0.4

-5.8

 

Notes:    Major Industries are ranked according to their contribution to the overall 2000-based July 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 
 
TABLE 2-A  Value of Net Sales Index, June 2018 and July 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

July 2018
June 2018
(revised)

Gainers

 

 

Electrical machinery

20.7

13.5

Petroleum products

28.8

31.4

Machinery except electrical

26.7

19.0

Food manufacturing

14.1

10.4

Basic metals

39.8

30.9

Beverages

27.7

-1.0

Tobacco products

46.6

70.1

Chemical products

8.1

-2.6

Miscellaneous manufactures

32.6

19.9

Footwear and wearing apparel

20.9

-1.5

Non-metallic mineral products

15.7

3.6

Paper and paper products

16.5

18.1

Transport equipment

4.9

-1.7

Fabricated metal products

10.1

1.2

Rubber and plastic products

6.9

12.1

Furniture and fixtures

9.4

20.3

Printing

5.2

1.2

Leather products

1.3

-1.1

Losers

 

 

Textiles

-22.5

-26.3

Wood and wood products

-14.6

-17.0

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based July 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

TABLE 2-B  Volume of Net Sales Index, June 2018 and July 2018

(2000 = 100)

 

Industry Group

Year-on-Year Growth (%)

July 2018
June 2018
 (revised)

Gainers

 

 

Food manufacturing

17.2

13.0

Electrical machinery

12.2

7.0

Machinery except electrical

16.3

9.2

Basic metals

28.6

22.8

Chemical products

10.2

-1.1

Footwear and wearing apparel

24.8

0.1

Petroleum products

6.1

11.1

Fabricated metal products

44.3

13.5

Beverages

10.7

-14.2

Miscellaneous manufactures

21.2

9.7

Transport equipment

5.4

-0.5

Paper and paper products

12.4

16.6

Non-metallic mineral products

6.2

-1.7

Furniture and fixtures

18.7

27.0

Rubber and plastic products

11.5

17.8

Printing

0.9

-2.7

Leather products

3.5

-0.4

Losers

 

 

Textiles

-25.4

-28.7

Wood and wood products

-13.0

-17.3

Tobacco products

-3.3

12.1

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based July 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

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