| Total Manufacturing | June 2011 | May 2011 |
|---|---|---|
| Year-on-Year Growth | ||
| Production Index (2000=100) | ||
| Value (VaPI) | 2.7 | 4.0r |
| Volume (VoPI) | -0.2 | 1.9r |
| Net Sales Index (2000=100) | ||
| Value (VaNSI) | 6.5 | 10.9r |
| Volume (VoNSI) | 3.5 | 8.7r |
| Producer Price Index (2000=100) | 2.9r | 2.0r |
| AVERAGE CAPACITY UTILIZATION | 83.2 | 83.2r |
r-revised
- Value of Production maintains positive growth in June 2011
Value of Production Index (VaPI) for total manufacturing accelerated at a slower rate of 2.7 percent in June 2011, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the slowdown in production values of the miscellaneous manufactures and chemical products. However, sectors contributing significant increases in value of production were observed in the following: furniture and fixtures, petroleum products, rubber and plastic products, beverages, paper and paper products, tobacco products and fabricated metal products. Refer to Tables 1-A and 1.
However, VaPI on a monthly comparison posted a decrement of less than one percent (0.2%) in June 2011, from a 4.0 percent growth in May 2011. The two major sectors that mainly influenced the decrease in production values were miscellaneous manufactures and petroleum products, registering a decline of 22.8 percent and 12.5 percent, respectively. Refer to Tables 1-A and 1.
- Volume of Production decelerates
Volume of Production Index (VoPI) reflected a minimal annual drop of less than one percent or 0.2 percent in June 2011 from the previous month's growth of 1.9 percent. Sectors that mainly influenced the decrease in production output were the following: machinery except electrical, wood and wood products, transport equipment, basic metals, publishing and printing, leather products and food manufacturing. Refer to Tables 1-B and 2.
On a month-on-month basis, VoPI likewise fell 2.0 percent in June 2011 compared with 5.6 percent growth in the previous month. This was attributed to the diminished production outputs of miscellaneous manufactures, petroleum products and machinery except electrical. Refer to Tables 1-B and 2.
- Value of Net Sales sustains positive growth
Value of Net Sales Index (VaNSI) on a year-on-year performance continued to grow at a slower rate of 6.5 percent in June 2011. This may be attributed to the slowdown in the annual growth sales in petroleum products, miscellaneous manufactures, beverages and footwear and wearing apparel. While the major contributing sectors with significant increases in sales value were: food manufacturing, rubber and plastic products, chemical products, furniture and fixtures and publishing and printing. Refer to Tables 2-A and 3.
VaNSI, on a month- on-month basis, also grew at a slower rate of 1.0 percent in June 2011. Five of the 20 major sectors were significant contributors of growth, namely: leather products, transport equipment, tobacco products, publishing and printing and footwear and wearing apparel. Refer to Tables 2-A and 3.
- Volume of Net Sales increases in June 2011
Volume of Net Sales Index (VoNSI), on a yearly comparison, registered an increment of 3.5 percent in June 2011. This is explained by the expansion in sales output observed in furniture and fixtures, with 92.5 percent growth. Major sectors that exhibited two-digit increases are food manufacturing, miscellaneous manufactures, chemical products, publishing and printing and rubber and plastic products. Refer to Tables 2-B and 4.
On the other hand, on a month-on-month basis, VoNSI slid 0.8 percent or less than one percent in June 2011. This was due to the significant decreases observed in seven major sectors, offsetting the increases reported by twelve (13) industry groups. Refer to Tables 2-B and 4.
- Capacity Utilization
Average capacity utilization in June 2011 for total manufacturing stood at 83.2 percent. Eleven of the 20 major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, petroleum products, food manufacturing, non-metallic mineral products, electrical machinery, paper and paper products, chemical products, rubber and plastic products, miscellaneous manufactures, machinery except electrical and textiles. Refer to Table 6.
The proportion of establishments that operated at full capacity (90% to 100%) was 16.8 percent in June 2011. About 60.3 percent of the establishments operated at 70% to 89% capacity while 22.9 percent of the establishments operated below 70% capacity.
| Capacity Utilization | Percent Share |
|---|---|
| Below 50 percent | 4.7 |
| 50 percent - 59 percent | 7.5 |
| 60 percent - 69 percent | 10.7 |
| 70 percent - 79 percent | 19.9 |
| 80 percent - 89 percent | 40.4 |
| 90 percent - 100 percent | 16.8 |
- Response Rates
The response rates for the June 2011 MISSI and PPS are 84.6 percent and 92.8 percent, respectively. Refer to Tables 7 and 8
| June 2011 | May 2011 (revised) |
|
|---|---|---|
| MISSI | 84.6 | 93.4r |
| PPS | 92.8r | 95.0r |
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 indicators 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 |
| Gainers | Year-on-Year Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Petroleum Products |
40.2 |
27.7 |
|
Beverages |
14.7 |
27.7 |
|
Rubber and Plastic Products* |
22.0 |
17.5 |
|
Chemical Products |
7.4 |
19.3 |
|
Furniture and Fixtures |
59.1 |
63.7 |
|
Paper and Paper Products |
12.3 |
3.6 |
|
Tobacco Products |
10.5 |
-25.9 |
|
Footwear and Wearing Apparel |
6.4 |
8.6 |
|
Miscellaneous Manufactures |
8.2 |
63.7 |
|
Fabricated Metal Products |
10.2 |
14.9 |
|
Textiles |
0.4 |
4.0 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Machinery Except Electrical |
-43.5 |
-45.3 |
|
Electrical Machinery |
-6.1 |
-21.1 |
|
Transport Equipment |
-15.0 |
-33.3 |
|
Food Manufacturing |
-2.3 |
8.0 |
|
Publishing and Printing |
-15.6 |
4.4 |
|
Basic Metals |
-2.3 |
-8.4 |
|
Wood and Wood Products |
-17.6 |
-24.9 |
|
Non-Metallic Mineral Products |
-2.3 |
8.2 |
|
Leather Products |
-14.3 |
-28.0 |
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Electrical Machinery |
21.1 |
1.0 |
|
Transport Equipment |
37.0 |
-11.9 |
|
Footwear and Wearing Apparel |
13.3 |
4.9 |
|
Publishing and Printing |
26.9 |
7.2 |
|
Machinery Except Electrical |
1.9 |
-3.3 |
|
Rubber and Plastic Products* |
5.0 |
1.9 |
|
Fabricated Metal Products |
6.5 |
13.2 |
|
Leather Products |
24.0 |
17.3 |
|
Furniture and Fixtures |
3.1 |
50.7 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Petroleum Products |
-12.5 |
11.8 |
|
Chemical Products |
-8.8 |
7.3 |
|
Food Manufacturing |
-2.7 |
3.9 |
|
Miscellaneous Manufactures |
-22.8 |
57.3 |
|
Basic Metals |
-3.8 |
-8.1 |
|
Beverages |
-2.5 |
17.4 |
|
Textiles |
-4.2 |
7.2 |
|
Non-Metallic Mineral Products |
-2.5 |
0.3 |
|
Tobacco Products |
-2.7 |
30.1 |
|
Wood and Wood Products |
-7.5 |
13.8 |
|
Paper and Paper Products |
-0.7 |
16.9 |
Notes:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based June 2011 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.
| Gainers | Year-on-Year Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Petroleum Products |
16.1 |
2.4 |
|
Furniture and Fixtures |
166.5 |
165.5 |
|
Beverages |
20.4 |
33.3 |
|
Chemical Products |
7.2 |
19.6 |
|
Miscellaneous Manufactures |
22.2 |
75.1 |
|
Paper and Paper Products |
13.8 |
7.0 |
|
Footwear and Wearing Apparel |
6.7 |
6.2 |
|
Rubber and Plastic Products* |
5.4 |
1.4 |
|
Fabricated Metal Products |
10.4 |
18.9 |
|
Tobacco Products |
5.7 |
-29.2 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Machinery Except Electrical |
-51.4 |
-47.6 |
|
Food Manufacturing |
-10.3 |
-1.8 |
|
Transport Equipment |
-16.7 |
-34.4 |
|
Basic Metals |
-16.1 |
-18.5 |
|
Non-Metallic Mineral Products |
-7.2 |
6.8 |
|
Electrical Machinery |
-1.0 |
-17.7 |
|
Publishing and Printing |
-15.6 |
4.4 |
|
Textiles |
-5.7 |
-3.1 |
|
Wood and Wood Products |
-17.7 |
-25.0 |
|
Leather Products |
-15.5 |
-29.6 |
| Gainers | Month-on-Month Growth (%) | ||||||
|---|---|---|---|---|---|---|---|
| June 2011 | May 2011 (revised) |
||||||
|
Electrical Machinery |
21.4 |
0.9 |
|||||
|
Transport Equipment |
35.0 |
-13.0 |
|||||
|
Footwear and Wearing Apparel |
13.7 |
4.7 |
|||||
|
Publishing and Printing |
26.9 |
7.2 |
|||||
|
Rubber and Plastic Products* |
5.1 |
1.8 |
|||||
|
Furniture and Fixtures |
13.4 |
62.0 |
|||||
|
Leather Products |
23.5 |
17.3 |
|||||
|
Fabricated Metal Products |
3.1 |
13.2 |
|||||
|
|||||||
|
Petroleum Products |
-12.5 |
18.3 |
|||||
|
Machinery Except Electrical |
-10.0 |
-3.6 |
|||||
|
Chemical Products |
-9.0 |
6.7 |
|||||
|
Food Manufacturing |
-2.6 |
3.8 |
|||||
|
Miscellaneous Manufactures |
-18.9 |
52.7 |
|||||
|
Basic Metals |
-7.1 |
-7.5 |
|||||
|
Non-Metallic Mineral Prducts |
-7.8 |
b/ |
|||||
|
Beverages |
-1.9 |
17.4 |
|||||
|
Textiles |
-4.3 |
9.0 |
|||||
|
Tobacco Products |
-2.7 |
30.1 |
|||||
|
Wood and Wood Products |
-7.5 |
13.8 |
|||||
|
Paper and Paper Products |
-1.5 |
15.1 |
|||||
Notes
* - new sector in the 2000-based series
b/ - Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 2000-based June 2011 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.
| Gainers | Year-on-Year Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Food Manufacturing |
31.8 |
25.0 |
|
Chemical Products |
16.6 |
17.4 |
|
Petroleum Products |
8.2 |
21.4 |
|
Transport Equipment |
5.8 |
-17.5 |
|
Rubber and Plastic Products* |
16.9 |
8.8 |
|
Publishing and Printing |
12.2 |
13.4 |
|
Paper and Paper Products |
6.4 |
6.3 |
|
Furniture and Fixtures |
14.9 |
14.0 |
|
Miscellaneous Manufactures |
4.0 |
14.4 |
|
Textiles |
3.3 |
-11.7 |
|
Non-Metallic Mineral Products |
1.6 |
6.8 |
|
Beverages |
1.0 |
16.7 |
|
Footwear and Wearing Apparel |
0.6 |
24.5 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Electrical Machinery |
-13.0 |
-5.5 |
|
Machinery Except Electrical |
-15.1 |
-17.4 |
|
Basic Metals |
-8.1 |
15.0 |
|
Tobacco Products |
-8.0 |
-39.1 |
|
Fabricated Metal Products |
-5.9 |
0.8 |
|
Leather Products |
-24.1 |
-38.8 |
|
Wood and Wood Products |
-9.6 |
-17.4 |
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Chemical Products |
9.5 |
4.4 |
|
Transport Equipment |
18.9 |
-5.1 |
|
Tobacco Products |
18.1 |
-2.7 |
|
Electrical Machinery |
1.9 |
3.5 |
|
Footwear and Wearing Apparel |
10.1 |
4.9 |
|
Food Manufacturing |
1.7 |
5.2 |
|
Publishing and Printing |
16.2 |
4.8 |
|
Fabricated Metal Products |
9.4 |
4.6 |
|
Textiles |
6.9 |
6.2 |
|
Machinery Except Electrical |
1.2 |
11.4 |
|
Rubber and Plastic Products |
8.3 |
2.0 |
|
Leather Products |
28.3 |
-13.8 |
|
Miscellaneous Manufactures |
3.2 |
21.9 |
|
Furniture and Fixtures |
7.0 |
15.4 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Basic Metals |
-14.5 |
2.4 |
|
Petroleum Products |
-2.4 |
9.1 |
|
Non-Metallic Mineral Products |
-6.3 |
9.5 |
|
Paper and Paper Products |
-8.2 |
15.0 |
|
Beverages |
-1.3 |
13.5 |
|
Wood and Wood Products |
-8.9 |
5.8 |
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based June 2011 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.
| Gainers | Year-on-Year Growth (%) | ||||||
|---|---|---|---|---|---|---|---|
| June 2011 | May 2011 (revised) |
||||||
|
Food Manufacturing |
21.1 |
13.6 |
|||||
|
Chemical Products |
16.3 |
17.7 |
|||||
|
Furniture and Fixtures |
92.5 |
84.8 |
|||||
|
Miscellaneous Manufactures |
17.5 |
22.4 |
|||||
|
Beverages |
6.0 |
21.8 |
|||||
|
Transport Equipment |
3.7 |
-18.7 |
|||||
|
Paper and Paper Products |
7.8 |
9.7 |
|||||
|
Publishing and Printing |
12.2 |
13.4 |
|||||
|
Rubber and Plastic Products |
11.5 |
3.5 |
|||||
|
Footwear and Wearing Apparel |
0.9 |
21.8 |
|||||
|
|||||||
|
Machinery Except Electrical |
-27.0 |
-21.0 |
|||||
|
Electrical Machinery |
-8.4 |
-1.4 |
|||||
|
Petroleum Products |
-10.4 |
-2.7 |
|||||
|
Basic Metals |
-21.1 |
2.3 |
|||||
|
Tobacco Products |
-12.0 |
-41.9 |
|||||
|
Non-Metallic Mineral Products |
-3.5 |
5.4 |
|||||
|
Fabricated Metal Products |
-5.7 |
4.3 |
|||||
|
Leather Products |
-25.2 |
-40.2 |
|||||
|
Textiles |
-3.0 |
-17.7 |
|||||
|
Wood and Wood Products |
-9.7 |
-17.5 |
|||||
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Chemical Products |
9.2 |
3.8 |
|
Transport Equipment |
17.1 |
-6.3 |
|
Electrical Machinery |
2.1 |
3.4 |
|
Tobacco Products |
18.1 |
-2.7 |
|
Food Manufacturing |
1.9 |
5.0 |
|
Footwear and Wearing Apparel |
10.5 |
4.8 |
|
Publishing and Printing |
16.2 |
4.8 |
|
Miscellaneous Manufactures |
8.4 |
18.3 |
|
Furniture and Fixtures |
17.7 |
24.1 |
|
Textiles |
6.7 |
8.1 |
|
Rubber and Plastic Products |
8.6 |
1.4 |
|
Fabricated Metal Products |
5.9 |
4.6 |
|
Leather Products |
27.8 |
-13.8 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| June 2011 | May 2011 (revised) |
|
|
Machinery Except Electrical |
-10.6 |
9.6 |
|
Basic Metals |
-17.4 |
3.1 |
|
Non-Metallic Mineral Products |
-11.4 |
9.2 |
|
Petroleum Products |
-2.5 |
15.4 |
|
Paper and Paper Products |
-8.9 |
13.2 |
|
Wood and Wood Products |
-8.9 |
5.8 |
|
Beverages |
-0.7 |
13.5 |
Note:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based June 2011 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
