Total Manufacturing |
June 2010 |
May 2010 |
|
|||
---|---|---|---|---|---|---|
Year-on-Year Growth |
|
|
||||
Production Index (2000=100) |
|
|
||||
Value (VaPI) |
16.3 |
18.7r |
|
|||
Volume (VoPI) |
23.4 |
25.5r |
|
|||
Net Sales Index (2000=100) |
|
|
||||
Value (VaNSI) |
16.9 |
15.6r |
|
|||
Volume (VoNSI) |
24.1 |
22.2r |
|
|||
Producer Price Index (2000=100) |
-5.7r |
-5.4r |
|
|||
AVERAGE CAPACITY UTILIZATION |
83.1 |
83.1r |
|
r-revised
· Value of Production maintains a two-digit growth in June 2010
Value of Production Index (VaPI) for total manufacturing recorded a slower average annual growth of 16.3 percent in June 2010, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Among the 16 major sectors exhibiting increases in production values, 14 sectors significantly contributed to the increase, namely: transport equipment, furniture and fixtures, petroleum products, miscellaneous manufactures, electrical machinery, machinery except electrical, leather products, beverages, paper and paper products, basic metal, fabricated metal products, non-metallic mineral products, rubber and plastic products and textiles. Refer to Tables 1-A and 1.
On a month-on-month change, VaPI posted a 0.1 percent increase from 5.2 percent increment in May 2010. This was attributed to the following major sectors: footwear and wearing apparel, miscellaneous manufactures and fabricated metal products. Refer to Tables 1-A and 1.
· Volume of Production remains at two-digit growth in June 2010
Volume of Production Index (VoPI) also accelerated in June 2010 posting a year-on-year growth of 23.4 percent. Fourteen of 16 major sectors exhibited two-digit increases in production output, with furniture and fixtures influencing the largest increment of 97.0 percent. The other 13 major sectors that posted two-digit increases were the following: electrical machinery, machinery except electrical, transport equipment, miscellaneous manufactures, petroleum products, beverages, paper and paper products, non-metallic mineral products, leather products, textiles, fabricated metal products, basic metals and rubber and plastic products. Refer to Tables 1-B and 2.
On the other hand, VoPI on a month-on-month comparison, dropped at a slower rate of 0.8 percent in June 2010. This was contributed by three major sectors, namely: tobacco products, petroleum products and wood and wood products. Refer to Tables 1-B and 2.
· Value of Net Sales grows further
On a year-on-year basis, Value of Net Sales Index (VaNSI) continued to grow at a faster rate of 16.9 percent in June 2010. This was accounted for by 14 major sectors that exhibited two-digit increases in sales value, namely: petroleum products, leather products, transport equipment, miscellaneous manufactures, basic metals, machinery except electrical, beverages, fabricated metal products, electrical machinery, paper and paper products and textiles. Refer to Tables 2-A and 3.
Likewise, VaNSI on a monthly basis, accelerated by 5.7 percent in June 2010. The expansion was due to the growth in sales exhibited by 13 major sectors, with two-digit increases observed in the following: publishing and printing, beverages, basic metals, fabricated metal products and miscellaneous manufactures. Refer to Tables 2-A and 3.
· Volume of Net Sales likewise accelerates
Volume of Net Sales Index (VoNSI) gained further by 24.1 percent in June 2010. This was attributed to the better performances of 16 major sectors in sales output, led by machinery except electrical and electrical machinery with growth rates recorded at 52.1 percent and 47.6 percent, respectively. Refer to Tables 2-B and 4.
On a month-on-month basis, VoNSI improved by 4.8 percent in June 2010. Twelve major sectors accounted for the growth with two-digit increases observed in the following: publishing and printing, beverages, basic metals, furniture and fixtures, fabricated metal products and miscellaneous manufactures. Refer to Tables 2-B and 4.
· Capacity Utilization
Average capacity utilization in June 2010 for total manufacturing stood at 83.1 percent. Eleven major sectors registered capacity utilization rates of 80% and more, namely: basic metals, food manufacturing, machinery except electrical, electrical machinery, petroleum products, non-metallic mineral products, miscellaneous manufactures, paper and paper products, chemical products, rubber and plastic products and leather products. Refer to Table 6.
The proportion of establishments that operated at full capacity (90% to 100%) was 15.2 percent in June 2010. About 63.6 percent of the establishments operated at 70% to 89% capacity while 21.2 percent of the establishments operated below 70% capacity.
Distribution of Key Manufacturing Establishments by Capacity Utilization |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50 percent |
3.7 |
50 percent - 59 percent |
6.8 |
60 percent - 69 percent |
10.7 |
70 percent - 79 percent |
21.3 |
80 percent - 89 percent |
42.3 |
90 percent - 100 percent |
15.2 |
· Response Rates
The response rates for the June 2010 MISSI and PPS are 83.6 percent and 91.3 percent, respectively. Refer to Tables 7 and 8
Response Rates for Total Manufacturing |
||
---|---|---|
June 2010 |
May 2010 |
|
MISSI |
83.6 |
92.8r |
PPS |
91.3r |
96.3r |
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 indices 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 |
TABLE 1-A. Value of Production Index, May 2010 - June 2010 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (%) |
|
|
June 2010 |
May 2009 |
|
|
|
|
||
Electrical Machinery |
28.3 |
38.7 |
|
Petroleum Products |
41.6 |
75.2 |
|
Machinery Except Electrical |
36.3 |
43.6 |
|
Transport Equipment |
51.9 |
37.8 |
|
Beverages |
24.8 |
15.9 |
|
Food Manufacturing |
6.5 |
1.6 |
|
Basic Metals |
18.5 |
29.0 |
|
Miscellaneous Manufactures |
30.9 |
35.2 |
|
Non-Metallic Mineral Products |
17.8 |
1.6 |
|
Rubber and Plastic Products* |
14.5 |
15.1 |
|
Paper and Paper Products |
18.9 |
33.6 |
|
Furniture and Fixtures |
45.9 |
45.8 |
|
Fabricated Metal Products |
17.9 |
13.3 |
|
Textiles |
12.0 |
9.2 |
|
Leather Products |
27.5 |
22.2 |
|
Wood and Wood Products |
2.1 |
29.3 |
|
|
|
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
June 2010 |
May 2010 |
|
|
||
Tobacco Products |
-57.8 |
-31.2 |
Footwear and Wearing Apparel |
-21.7 |
-37.0 |
Chemical Products |
-6.0 |
-4.4 |
Publishing and Printing |
-15.9 |
-11.1 |
TABLE 1-A. Value of Production Index, May 2010 - June 2010 (concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (%) |
|
|
June 2010 |
May 2010 |
|
|
|
|
||
Food Manufacturing |
6.7 |
0.5 |
|
Footwear and Wearing Apparel |
15.1 |
-3.1 |
|
Beverages |
8.4 |
9.3 |
|
Miscellaneous Manufactures |
14.6 |
1.7 |
|
Transport Equipment |
5.8 |
2.6 |
|
Electrical Machinery |
1.4 |
8.7 |
|
Non-Metallic Mineral Products |
8.2 |
1.4 |
|
Fabricated Metal Products |
13.3 |
10.8 |
|
Rubber and Plastic Products* |
0.9 |
3.2 |
|
Furniture and Fixtures |
2.1 |
38.9 |
|
Textiles |
0.8 |
6.3 |
|
Leather Products |
1.5 |
32.2 |
|
|
|
Losers |
Month-on-Month Growth (%) |
|
---|---|---|
June 2010 |
May 2010 |
|
|
||
Petroleum Products |
-20.2 |
3.6 |
Tobacco Products |
-34.7 |
90.5 |
Basic Metals |
-8.5 |
4.5 |
Machinery Except Electrical |
-3.0 |
7.8 |
Wood and Wood Products |
-14.1 |
10.3 |
Paper and Paper Products |
-2.8 |
28.2 |
Publishing and Printing |
-2.8 |
6.3 |
Chemical Products |
-0.1 |
10.2 |
Notes:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based June 2010 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 2010 - June 2010 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (%) |
|
|
June 2010 |
May 2010 |
|
|
|
|
||
Electrical Machinery |
57.0 |
65.0 |
|
Machinery Except Electrical |
64.0 |
77.0 |
|
Petroleum Products |
28.8 |
53.7 |
|
Transport Equipment |
49.6 |
38.7 |
|
Beverages |
22.7 |
14.0 |
|
Food Manufacturing |
4.6 |
0.4 |
|
Miscellaneous Manufactures |
39.3 |
47.0 |
|
Furniture and Fixtures |
97.0 |
81.4 |
|
Basic Metals |
15.1 |
24.6 |
|
Non-Metallic Mineral Products |
18.0 |
3.7 |
|
Paper and Paper Products |
18.7 |
35.1 |
|
Rubber and Plastic Products* |
10.6 |
11.4 |
|
Textiles |
15.7 |
9.6 |
|
Fabricated Metal Products |
15.3 |
9.1 |
|
Leather Products |
15.9 |
12.5 |
|
Wood and Wood Products |
2.1 |
29.3 |
|
|
|
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
Junue 2010 |
May 2010 |
|
|
||
Tobacco Products |
-59.1 |
-33.3 |
Footwear and Wearing Apparel |
-29.9 |
-42.9 |
Chemical Products |
-4.0 |
-2.9 |
Publishing and Printing |
-18.7 |
-14.1 |
TABLE 1-B. Volume of Production Index, May 2010 - June 2010(concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (%) |
|
|
June 2010 |
May 2010 |
|
|
Food Manufacturing |
5.7 |
1.0 |
|
Beverages |
8.4 |
9.3 |
|
Footwear and Wearing Apparel |
12.8 |
-3.5 |
|
Miscellaneous Manufactures |
14.0 |
-1.2 |
|
Transport Equipment |
5.0 |
2.1 |
|
Non-Metallic Mineral Products |
6.8 |
1.0 |
|
Fabricated Metal Products |
12.9 |
8.1 |
|
Electrical Machinery |
0.4 |
9.9 |
|
Furniture and Fixtures |
8.7 |
33.7 |
|
Rubber and Plastic Products* |
0.9 |
3.6 |
|
Chemical Products |
0.3 |
10.0 |
|
Leather Products |
0.2 |
30.0 |
|
|
|
||
Losers |
Month-on-Month Growth (%) |
|
|
June 2010 |
May 2010 |
||
Petroleum Products |
-22.8 |
7.1 |
|
Tobacco Products |
-34.7 |
90.5 |
|
Machinery Except Electrical |
-4.6 |
5.1 |
|
Basic Metals |
-8.8 |
4.0 |
|
Wood and Wood Products |
-14.1 |
10.3 |
|
Paper and Paper Products |
-2.8 |
28.4 |
|
Publishing and Printing |
-2.8 |
6.3 |
|
Textiles |
-0.1 |
5.9 |
|
Notes
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based June 2010 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, May 2010 - June 2010 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (%) |
|
|
June 2010 |
May 2010 |
|
|
|
|
||
Petroleum Products |
49.7 |
43.7 |
|
Electrical Machinery |
20.7 |
26.0 |
|
Machinery Except Electrical |
26.4 |
21.6 |
|
Food Manufacturing |
9.6 |
3.9 |
|
Transport Equipment |
32.2 |
32.6 |
|
Basic Metals |
28.8 |
32.9 |
|
Beverages |
22.9 |
19.3 |
|
Miscellaneous Manufactures |
28.9 |
31.8 |
|
Fabricated Metal Products |
22.8 |
9.1 |
|
Paper and Paper Products |
14.9 |
20.3 |
|
Textiles |
10.9 |
-3.4 |
|
Non-Metallic Mineral Products |
4.4 |
7.6 |
|
Leather Products |
35.0 |
14.5 |
|
Wood and Wood Products |
9.9 |
39.6 |
|
|
|
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
June 2010 |
May 2010 |
|
|
||
Tobacco Products |
-75.3 |
-70.6 |
Footwear and Wearing Apparel |
-30.4 |
-31.4 |
Furniture and Fixtures |
-24.5 |
-17.9 |
Publishing and Printing |
-11.4 |
-16.2 |
Chemical Products |
-0.8 |
-1.1 |
Rubber and Plastic Products* |
-3.3 |
2.7 |
TABLE 2-A. Value of Net Sales Index, May 2010 - June 2010 |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (%) |
|
|
June 2010 |
May 2010 |
|
|
|
|
||
Electrical Machinery |
8.7 |
-0.8 |
|
Chemical Products |
9.0 |
2.8 |
|
Beverages |
14.5 |
-1.0 |
|
Basic Metals |
13.6 |
-3.3 |
|
Food Manufacturing |
2.8 |
2.1 |
|
Petroleum Products |
3.0 |
5.2 |
|
Miscellaneous Manufactures |
11.2 |
-0.4 |
|
Publishing and Printing |
17.5 |
-1.8 |
|
Fabricated Metal Products |
12.0 |
7.5 |
|
Non-Metallic Mineral Products |
2.2 |
-1.2 |
|
Furniture and Fixtures |
5.1 |
-5.0 |
|
Rubber and Plastic Products* |
0.5 |
5.3 |
|
Leather Products |
2.1 |
29.7 |
|
|
|
Losers |
Month-on-Month Growth (%) |
|
---|---|---|
June 2010 |
May 2010 |
|
|
||
Tobacco Products |
-21.6 |
47.9 |
Transport Equipment |
-3.5 |
14.3 |
Paper and Paper Products |
-6.1 |
12.7 |
Wood and Wood Products |
-16.1 |
12.7 |
Footwear and Wearing Apparel |
-1.4 |
-3.6 |
Machinery Except Electrical |
-0.1 |
10.4 |
Textiles |
-0.2 |
10.5 |
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 June 2010 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, May 2010 - June 2010 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (%) |
|
|
June 2010 |
May 2010 |
|
|
Electrical Machinery |
47.6 |
49.9 |
|
Machinery Except Electrical |
52.1 |
49.9 |
|
Petroleum Products |
36.2 |
26.1 |
|
Transport Equipment |
30.2 |
33.5 |
|
Food Manufacturing |
7.7 |
2.7 |
|
Basic Metals |
25.2 |
28.3 |
|
Beverages |
20.8 |
17.3 |
|
Miscellaneous Manufactures |
37.1 |
43.2 |
|
Fabricated Metal Products |
20.0 |
5.0 |
|
Paper and Paper Products |
14.7 |
21.6 |
|
Textiles |
14.6 |
-3.1 |
|
Non-Metallic Mineral Products |
4.6 |
9.8 |
|
Chemical Products |
1.3 |
0.4 |
|
Wood and Wood Products |
9.9 |
39.5 |
|
Leather Products |
22.7 |
5.4 |
|
Furniture and Fixtures |
1.9 |
2.2 |
|
|
|
||
Losers |
Year-on-Year Growth (%) |
|
|
June 2010 | May 2010 (revised) |
||
Tobacco Products |
-76.0 |
-71.4 |
|
Footwear and Wearing Apparel |
-37.7 |
-37.9 |
|
Publishing and Printing |
-14.4 |
-19.0 |
|
Rubber and Plastic Products* |
-6.5 |
-0.6 |
|
TABLE 2-B. Volume of Net Sales Index, May 2010 - June 2010 |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (%) |
|
|
June 2010 |
May 2010 |
|
|
|
|
||
Electrical Machinery |
7.7 |
0.3 |
|
Chemical Products |
9.4 |
2.6 |
|
Beverages |
14.5 |
-1.0 |
|
Basic Metals |
13.3 |
-3.7 |
|
Food Manufacturing |
1.9 |
2.6 |
|
Miscellaneous Manufactures |
10.5 |
-3.2 |
|
Publishing and Printing |
17.5 |
-1.8 |
|
Fabricated Metal Products |
11.6 |
4.9 |
|
Furniture and Fixtures |
11.9 |
-8.5 |
|
Non-Metallic Mineral Products |
0.8 |
-1.6 |
|
Rubber and Plastic Products* |
0.5 |
5.7 |
|
Leather Products |
0.8 |
27.5 |
|
|
|
Losers |
Month-on-Month Growth (%) |
|
---|---|---|
June 2010 |
May 2010 |
|
|
||
Tobacco Products |
-21.6 |
47.9 |
Transport Equipment |
-4.3 |
13.7 |
Machinery Except Electrical |
-1.8 |
7.7 |
Paper and Paper Products |
-6.1 |
12.8 |
Footwear and Wearing Apparel |
-3.4 |
-4.0 |
Wood and Wood Products |
-16.1 |
12.7 |
Petroleum Products |
-0.4 |
8.9 |
Textiles |
-1.2 |
10.0 |
Note:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based June 2010 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