Total Manufacturing |
June 2007 |
May 2007 |
Year-on-Year Growth |
|
|
Production Index |
|
|
Value(VaPI) |
-3.4 |
-5.5r |
Volume(VoPI) |
-4.7 |
-7.5r |
Net Sales Index |
|
|
Value |
0.7 |
1.0r |
Volume |
-1.2 |
-1.5r |
Producer Price Index |
1.4 |
2.2r |
Average Capacity Utilization |
80.2 |
80.2 |
r-revised
· Value of Production maintains its negative growth in June 2007
Value of Production Index (VaPI) in June 2007 for the manufacturing industry fell at a slower rate as it posted a 3.4 percent decrease compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Eight (8) out of 20 major sectors reported two-digit decreases as observed in the following sectors: textiles, basic metals, machinery excluding electrical, tobacco, miscellaneous manufactures, furniture and fixtures, petroleum products and footwear and wearing apparel. Refer to Tables 1-A and 1 .
However, VaPI on a month-on-month basis posted an increase of 1.7 percent in June 2007. This was primarily due to the two-digit increases in production values observed for wood and wood products, leather products and food manufacturing. Refer to Tables 1-A and 1.
· Volume of Production Index also maintains its negative rate
Volume of Production Index (VoPI) on a year-on-year basis dropped at a slower rate of 4.7 percent in June 2007. Eleven (11) major sectors contributed to the decline in production output, with two-digit decreases observed in the following: textiles, basic metals, machinery excluding electrical, tobacco and footwear and wearing apparel. Refer to Tables 2 and 1-B.
Meanwhile, VoPI on a month-on-month basis posted an increase of 1.4 percent in June 2007. Significant expansions in factory output were noted in the following major sectors: wood and wood products, leather products, rubber products and food manufacturing. Refer to Tables 2 and 1-B.
· Value of Net Sales sustains positive growth in June 2007
Value of Net Sales on a year-on-year performance continued to grow at a slower rate of 0.7 percent in June 2007. Eight (8) of the 20 major sectors reported two-digit increases in sales value as observed in the following: tobacco, beverages, wood and wood products, transport equipment, chemical products, fabricated metal products, rubber products and publishing and printing. Refer to Tables 2-A and 3.
Likewise, Value of Net Sales on a month-on-month comparison grew by 1.8 percent in June 2007. Thirteen (13) of the 20 major sectors posted growth in sales, with two-digit increases observed in the following: miscellaneous manufactures, chemical products and footwear and wearing apparel. Refer to Tables 2-A and 3.
· Volume of Net Sales still maintains its negative growth
Volume of Net Sales on a year-on-year comparison dropped by 1.2 percent in June 2007. This was brought about by poor sales performance of ten (10) major sectors with significant two-digit decreases reported by the following: leather products, basic metals, textiles, machinery excluding electrical, footwear and wearing apparel, electrical machinery and paper and paper products. Refer to Tables 2-B and 4.
On the other hand, Volume of Net Sales on a month-on-month basis gained by 1.3 percent in June 2007. This was brought about by increases in sales volume registered by 12 of the 20 major sectors, led by miscellaneous manufactures. Refer to Tables 2-B and 4.
· Capacity Utilization
Average capacity utilization in June 2007 for total manufacturing was estimated at 80.2 percent. Major sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, leather products, miscellaneous manufactures, petroleum products, paper and paper products, electrical machinery, basic metals, rubber products, chemical products and food manufacturing. Refer to Table 6. .
The proportion of establishments that operated at full capacity (90% to 100%) was 10.9 percent in June 2007. More than half or 55.5 percent of the establishments operated at 70% to 89% capacity and 33.6 percent of the establishments operated below 70% capacity.
Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, June 2007
(In percent)
Capacity Utilization |
Percent Share |
Below 50 percent |
4.6 |
50 percent - 59 percent |
10.1 |
60 percent - 69 percent |
18.9 |
70 percent - 79 percent |
19.5 |
80 percent - 89 percent |
36.0 |
90 percent - 100 percent |
10.9 |
· Response Rates
The response rates for the June 2007 MISSI and PPS are 87.7 percent and 91.5 percent, respectively. Refer to Tables 7 and 8.
Response Rates for Total Manufacturing
(In percent)
June 2007 |
May 2007 |
|
MISSI |
87.7 |
95.1r |
PPS |
91.5r |
96.4r |
r-revised
· Technical Notes
Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) 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 |
TABLE 1-A. VALUE OF PRODUCTION INDEX, May 2007 - June 2007
(1994 =100)
Gainers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Food Manufacturing |
7.7 |
-2.4 |
Chemical Products |
10.5 |
4.7 |
Beverages |
22.3 |
9.0 |
Wood and Wood Products |
50.1 |
30.1 |
Publishing and Printing* |
27.2 |
17.2 |
Fabricated Metal Products* |
14.7 |
4.3 |
Non-Metallic Mineral Products |
0.7 |
7.2 |
Leather Products* |
16.1 |
-27.4 |
Rubber Products |
3.0 |
3.2 |
|
||
Losers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-34.6 |
-26.4 |
Petroleum Products |
-11.7 |
-6.4 |
Textiles |
-45.9 |
-44.5 |
Electrical Machinery |
-5.9 |
-11.9 |
Tobacco |
-21.9 |
-21.6 |
Footwear and Wearing Apparel* |
-10.0 |
1.1 |
Machinery Excluding Electrical* |
-26.5 |
-29.4 |
Transport Equipment |
-5.1 |
-1.0 |
Miscellaneous Manufactures |
-15.1 |
-16.1 |
Furniture and Fixtures |
-14.1 |
3.9 |
Paper and Paper Products |
-3.5 |
3.2 |
TABLE 1-A. VALUE OF PRODUCTION INDEX, May 2007 - June 2007(concluded)
(1994=100)
Gainers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Food Manufacturing |
11.7 |
0.5 |
Chemical Products |
7.4 |
5.7 |
Electrical Machinery |
2.8 |
-2.2 |
Wood and Wood Products |
20.0 |
-5.0 |
Tobacco |
5.1 |
45.6 |
Paper and Paper Products |
5.1 |
0.8 |
Machinery Excluding Electrical* |
6.4 |
-2.4 |
Publishing and Printing* |
6.1 |
9.2 |
Rubber Products |
8.6 |
3.5 |
Miscellaneous Manufactures |
3.9 |
16.7 |
Furniture and Fixtures |
6.1 |
-4.1 |
Leather Products* |
16.6 |
9.9 |
|
||
Losers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-18.7 |
5.1 |
Footwear and Wearing Apparel* |
-7.1 |
12.6 |
Petroleum Products |
-2.0 |
-4.0 |
Textiles |
-6.9 |
7.9 |
Beverages |
-2.8 |
14.8 |
Transport Equipment |
-2.4 |
21.5 |
Non-Metallic Mineral Products |
-3.1 |
2.1 |
Fabricated Metal Products* |
b/ |
9.2 |
Notes: * - new sectors in the 1994-based series
b/ - Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 1994-based June 2007 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, May 2007 - June 2007
(1994 = 100)
Gainers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Beverages |
18.5 |
4.2 |
Chemical Products |
7.9 |
4.3 |
Wood and Wood Products |
57.3 |
36.1 |
Fabricated Metal Products* |
16.0 |
7.7 |
Food Manufacturing |
0.4 |
-8.7 |
Publishing and Printing* |
5.2 |
-3.1 |
Furniture and Fixtures |
6.8 |
21.4 |
Rubber Products |
2.5 |
0.7 |
Leather Products* |
6.4 |
-29.0 |
|
||
Losers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-39.7 |
-32.3 |
Textiles |
-46.5 |
-45.2 |
Petroleum Products |
-7.0 |
-1.2 |
Footwear and Wearing Apparel* |
-17.0 |
-13.4 |
Tobacco |
-21.4 |
-21.1 |
Transport Equipment |
-7.5 |
-4.6 |
Electrical Machinery |
-3.7 |
-13.0 |
Machinery Excluding Electrical* |
-26.9 |
-30.1 |
Non-Metallic Mineral Products |
-5.1 |
-0.5 |
Paper and Paper Products |
-7.4 |
-1.5 |
Miscellaneous Manufactures |
-3.1 |
-6.4 |
TABLE 1-B. VOLUME OF PRODUCTION INDEX, May 2007 - June 2007(concluded)
(1994=100)
Gainers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Food Manufacturing |
10.5 |
-0.5 |
Chemical Products |
6.0 |
5.9 |
Electrical Machinery |
3.7 |
-0.4 |
Wood and Wood Products |
20.0 |
-5.0 |
Tobacco |
5.1 |
45.6 |
Paper and Paper Products |
6.2 |
-0.2 |
Machinery Excluding Electrical* |
5.9 |
-2.7 |
Publishing and Printing* |
6.1 |
9.2 |
Rubber Products |
10.8 |
3.5 |
Miscellaneous Manufactures |
4.8 |
23.9 |
Furniture and Fixtures |
7.3 |
-2.8 |
Leather Products* |
12.9 |
9.9 |
|
||
Losers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-18.8 |
1.4 |
Petroleum Products |
-3.7 |
-6.3 |
Footwear and Wearing Apparel* |
-7.8 |
12.6 |
Textiles |
-7.1 |
7.1 |
Transport Equipment |
-3.2 |
21.3 |
Non-Metallic Mineral Products |
-3.3 |
-0.5 |
Beverages |
-1.5 |
14.8 |
Fabricated Metal Products* |
-2.1 |
9.7 |
Notes * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based June 2007 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, May 2007 - June 2007
Gainers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Chemical Products |
16.3 |
9.4 |
Beverages |
22.0 |
19.2 |
Transport Equipment |
19.7 |
16.1 |
Tobacco |
23.2 |
15.1 |
Petroleum Products |
4.0 |
-0.1 |
Fabricated Metal Products* |
15.8 |
9.5 |
Wood and Wood Products |
21.0 |
3.6 |
Publishing and Printing* |
13.3 |
24.6 |
Rubber Products |
14.7 |
34.8 |
Miscellaneous Manufactures |
4.0 |
-2.6 |
Non-Metallic Mineral Products |
0.3 |
8.5 |
|
||
Losers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-28.6 |
-20.5 |
Electrical Machinery |
-14.8 |
-7.4 |
Textiles |
-29.6 |
-29.7 |
Food Manufacturing |
-2.3 |
3.6 |
Footwear and Wearing Apparel* |
-6.3 |
-18.6 |
Machinery Excluding Electrical* |
-17.7 |
-25.5 |
Paper and Paper Products |
-9.0 |
-0.3 |
Leather Products* |
-51.7 |
-73.6 |
Furniture and Fixtures |
-10.9 |
-0.5 |
TABLE 2-A. VALUE OF NET SALES, May 2007 - June 2007(concluded)
Gainers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Chemical Products |
10.1 |
4.8 |
Petroleum Products |
5.0 |
7.0 |
Footwear and Wearing Apparel* |
10.1 |
4.2 |
Electrical Machinery |
2.9 |
-7.4 |
Beverages |
5.4 |
11.7 |
Miscellaneous Manufactures |
13.6 |
9.1 |
Paper and Paper Products |
6.9 |
-7.3 |
Wood and Wood Products |
6.2 |
6.1 |
Rubber Products |
6.2 |
-3.8 |
Furniture and Fixtures |
4.8 |
1.4 |
Machinery Excluding Electrical* |
1.5 |
3.5 |
Tobacco |
0.6 |
20.4 |
Leather Products* |
1.8 |
17.5 |
|
||
Losers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-16.5 |
17.8 |
Food Manufacturing |
-1.5 |
1.1 |
Textiles |
-6.2 |
3.0 |
Publishing and Printing* |
-6.9 |
19.5 |
Fabricated Metal Products* |
-2.3 |
8.5 |
Transport Equipment |
-0.6 |
18.0 |
Non-Metallic Mineral Products |
-0.8 |
5.4 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based June 2007 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, May 2007 - June 2007
Gainers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Chemical Products |
13.5 |
8.9 |
Petroleum Products |
9.5 |
5.4 |
Beverages |
18.3 |
14.0 |
Transport Equipment |
16.7 |
11.8 |
Tobacco |
24.0 |
15.9 |
Fabricated Metal Products* |
17.1 |
13.1 |
Wood and Wood Products |
26.9 |
8.3 |
Miscellaneous Manufactures |
18.7 |
8.7 |
Rubber Products |
14.2 |
31.5 |
Furniture and Fixtures |
10.8 |
16.3 |
|
||
Losers |
Year-on-Year Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-34.2 |
-26.9 |
Food Manufacturing |
-9.0 |
-3.0 |
Electrical Machinery |
-12.8 |
-8.5 |
Textiles |
-30.3 |
-30.5 |
Footwear and Wearing Apparel* |
-13.6 |
-30.3 |
Paper and Paper Products |
-12.7 |
-4.9 |
Machinery Excluding Electrical* |
-18.1 |
-26.3 |
Non-Metallic Mineral Products |
-5.5 |
0.7 |
Publishing and Printing* |
-6.3 |
3.0 |
Leather Products* |
-55.8 |
-74.1 |
TABLE 2-B. VOLUME OF NET SALES, May 2007 - June 2007 (concluded)
Gainers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Chemical Products |
8.7 |
5.0 |
Electrical Machinery |
3.8 |
-5.7 |
Petroleum Products |
3.2 |
4.4 |
Footwear and Wearing Apparel* |
9.3 |
4.2 |
Beverages |
6.9 |
11.7 |
Miscellaneous Manufactures |
14.6 |
15.8 |
Paper and Paper Products |
8.0 |
-8.3 |
Wood and Wood Products |
6.2 |
6.1 |
Rubber Products |
8.3 |
-3.8 |
Furniture and Fixtures |
6.0 |
2.8 |
Tobacco |
0.6 |
20.4 |
Machinery Excluding Electrical* |
1.1 |
3.1 |
|
||
Losers |
Month-on-Month Growth (percent) |
|
June 2007 |
May 2007 |
|
|
||
Basic Metals |
-16.5 |
13.7 |
Food Manufacturing |
-2.1 |
0.1 |
Textiles |
-6.3 |
2.2 |
Publishing and Printing* |
-6.9 |
19.5 |
Transport Equipment |
-1.4 |
17.8 |
Fabricated Metal Products* |
-4.3 |
9.0 |
Non-Metallic Mineral Products |
-1.0 |
2.7 |
Leather Products* |
-1.5 |
17.5 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based June 2007 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