Monthly Integrated Survey of Selected Industries : June 2017

Reference Number: 

2017-095

Release Date: 

Thursday, August 10, 2017

 

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: June 2017 and June 2016
 

TOTAL MANUFACTURING

JUNE
2017
JUNE
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

5.1

5.7

       Volume    (VoPI)

8.1

9.8

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

- 3.6

5.0

       Volume     (VoNSI)

- 0.9

9.1

        Producer Price Index (2000=100)

- 2.8r

- 3.7

                                                   r - revised

 

  • Value of Production Index gains in June 2017

Value of Production Index (VaPI) for manufacturing posted year-on-year increase of 5.1 percent in June 2017, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The growth was mainly due to the improved performance of 14 major sectors, led by footwear and wearing apparel with a three-digit growth of 338.6 percent. Other significant increases were reported by the following: fabricated metal products (24.8%), leather products (20.3%), petroleum products (19.8%), wood and wood products (19.6%), basic metals (19.2%), electrical machinery (17.1%), transport equipment (15.3%), food manufacturing (15.0%), paper and paper products (15.0%) and printing (12.5%). Refer to Tables 1-A  and 1.

 

  • Volume of Production Index increase

Volume of Production Index (VoPI) likewise increased, registering an annual growth of 8.1 percent in June 2017. Two of the fourteen major sectors showed robust growth in VoPI, namely: footwear and wearing apparel (340.4%) and fabricated metal products (154.2%). The other major sectors with significant increases in production are: leather products (48.1%), electrical machinery (19.6%), wood and wood products (19.5%), basic metals (18.5%), transport equipment (17.7%), food manufacturing (17.3%), paper and paper products (17.0%), furniture and fixtures (15.6%) non-metallic mineral products (11.6%) and petroleum products (10.6%). Refer to Tables 1-B and 2.

 

 
 
 
  • Value of Net Sales Index weakens

Value of Net Sales Index (VaNSI) declined in June 2017 as it reported a decrease of 3.6 percent from the 5.0 percent during the same month of the previous year. Three major sectors exhibited double-digit decreases in VaNSI led by chemical products (-46.4%), followed by tobacco products (-12.6%) and non-metallic mineral products (-10.7%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index decreases

Volume of Net Sales Index (VoNSI) posted year-on-year decrease of 0.9 percent in June 2017. The major contributing factor was the significant decrease in VoNSI exhibited by chemical products  at negative 45.5 percent. Refer to Tables 2-B and 4.

 

 
 
  • Average Capacity Utilization Rate in June 2017 is 83.8 percent  with petroleum products posting the highest among industries

Average capacity utilization rate in June 2017 for total manufacturing was recorded at  83.8 percent. Sixty percent or 12 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (88.7%)
  • basic metals (88.6%)
  • non-metallic mineral products (86.6%)
  • machinery except electrical (85.5%)
  • electrical machinery (84.6%)
  • food manufacturing (84.8%)
  • chemical products (83.8%)
  • paper and paper products (83.6%)
  • rubber and plastic products (82.8%)
  • wood and wood products (81.5%)
  • printing (80.5%)
  • footwear and wearing apparel (80.5%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded at almost one-fourth of the total number of establishments (24.6%) in June 2017. Around 56 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (19.8%) operated below 70 percent capacity. Refer to Table B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: June 2017

Capacity Utilization

Percent Share

Below 50%

   4.0

50% - 59%

   4.9

60% - 69%

   10.9

70% - 79%

 22.5

80% - 89%

 33.1

 90% - 100%

 24.6

 

  • Response Rate

The response rates for the June 2017 MISSI and PPS were registered at 82.4 and 83.8 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

June 2017

May 2017
(Revised)

MISSI

82.4

92.3r

PPS

83.8r

91.6r

 

Data of non-responding samples were estimated using short-term geometric mean of the relative values of responding samples within the industry class. Revisions to the preliminary estimates are 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, May 2017 and June 2017
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Footwear and wearing apparel

338.6

16.3

Electrical machinery

17.1

11.9

Food manufacturing

15.0

1.2

Petroleum products

19.8

27.3

Basic metals

19.2

33.1

Transport equipment

15.3

21.2

Fabricated metal products

24.8

25.9

Paper and paper products

15.0

5.6

Non-metallic mineral products

8.1

13.5

Printing

12.5

36.5

Wood and wood products

19.6

-0.8

Textiles

2.6

3.0

Leather products

20.3

11.8

Furniture and fixtures

1.4

11.6

 

Losers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Chemical products

-46.4

-38.0

Machinery except electrical

-12.4

-1.1

Rubber and plastic products

-30.7

-26.9

Beverages

-2.3

5.4

Tobacco products

-1.8

19.0

Miscellaneous manufactures

-0.3

-6.5

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based June 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

TABLE 1-B  Volume of Production Index, May 2017 and June 2017
(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Footwear and wearing apparel

340.4

350.6

Electrical machinery

19.6

12.5

Food manufacturing

17.3

3.0

Fabricated metal products

154.2

125.2

Petroleum products

10.6

16.3

Basic metals

18.5

30.3

Transport equipment

17.7

23.7

Non-metallic mineral products

11.6

16.1

Paper and paper products

17.0

9.9

Textiles

6.9

7.3

Furniture and fixtures

15.6

36.4

Printing

9.6

31.9

Leather products

48.1

41.6

Wood and wood products

19.5

-2.9

 

Losers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Chemical products

-44.9

-36.1

Machinery except electrical

-9.5

3.2

Rubber and plastic products

-25.9

-22.6

Miscellaneous manufactures

-8.6

-13.5

Tobacco products

-3.1

17.5

Beverages

-1.3

6.4

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based June 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-A  Value of Net Sales Index, May 2017 and June 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Machinery except electrical

61.0

62.4

Electrical machinery

12.3

17.6

Petroleum products

13.1

15.4

Basic metals

11.7

6.6

Transport equipment

11.1

20.8

Beverages

7.1

2.0

Miscellaneous manufactures

16.4

-7.9

Paper and paper products

10.8

10.8

Wood and wood products

31.0

-10.1

Fabricated metal products

7.8

0.4

Food manufacturing

0.4

4.9

Rubber and plastic products

2.9

8.8

Printing

0.9

39.5

Leather products

0.1

-0.7

 

Losers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Chemical products

-46.4

-37.9

Non-metallic mineral products

-10.7

3.4

Tobacco products

-12.6

2.5

Footwear and wearing apparel

-7.8

-23.9

Furniture and fixtures

-9.1

13.1

Textiles

-1.7

-5.2

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based June 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-B  Value of Net Sales Index, May 2017 and June 2017
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Machinery except electrical

70.6

73.6

Electrical machinery

15.5

19.1

Fabricated metal products

119.6

79.7

Petroleum products

5.3

2.3

Basic metals

10.8

4.1

Transport equipment

10.8

20.6

Beverages

10.0

4.7

Miscellaneous manufactures

12.3

-10.4

Paper and paper products

10.0

12.5

Wood and wood products

31.6

-11.5

Rubber and plastic products

7.4

12.5

Leather products

24.1

26.4

Furniture and fixtures

7.2

43.0

Textiles

2.1

-1.5

Food manufacturing

0.1

4.6

 
 

Losers

Year-on-Year Growth (%)

June 2017
May 2017
(revised)

Chemical products

-45.5

-37.8

Tobacco products

-14.0

0.8

Footwear and wearing apparel

-7.9

-24.9

Non-metallic mineral products

-6.8

6.9

Printing

-1.7

34.7

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based June 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

 

 

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