Monthly Integrated Survey of Selected Industries : June 2010

Reference Number: 

2010-134

Release Date: 

Wednesday, August 25, 2010

 

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
Total Manufacturing, June 2010

(In percent)

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
(In percent)

 

June 2010

May 2010
(revised)

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
                                                                                                                           Administrator


TABLE 1-A. Value of Production Index, May 2010 - June 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

June 2010

May 2009
(revised)

 

 

 

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
(revised)

 

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)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

June 2010

May 2010
(revised)

 

 

 

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
(revised)

 

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
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

June 2010

May 2010
(revised)

 

 

 

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
(revised)

 

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)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

June 2010

May 2010
(revised)

 

 

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
(revised)

   

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
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

June 2010

May 2010
(revised)

 

 

 

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
(revised)

 

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
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

June 2010

May 2010
(revised)

 

 

 

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
(revised)

 

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
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

June 2010

May 2010
(revised)

 

 

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
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

June 2010

May 2010
(revised)

 

 

 

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
(revised)

 

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

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