Monthly Integrated Survey of Selected Industries: June 2019

Reference Number: 

2019-130

Release Date: 

Tuesday, August 6, 2019

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: June 2019 and June 2018

(2000=100)

TOTAL MANUFACTURING

JUNE
2019
JUNE
2018

Production Index

 

 

       Value       (VaPI)

-9.6

10.9

       Volume    (VoPI)

-10.5

9.8

Net Sales Index

 

 

       Value        (VaNSI)

-1.3

10.9

       Volume     (VoNSI)

-2.3

9.8

Producer Price Index

1.0r

1.0

r - revised

 

  • Value of Production Index drops in June 2019

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), Value of Production Index (VaPI) for manufacturing went down at an annual rate of 9.6 percent in June 2019. In the same month of the previous year, VaPI went up at an annual rate of 10.9 percent.

The decline of VaPI in June 2019 can be attributed to the decreases in the indices of three major industry groups led by petroleum products (-69.9%), basic metals (-23.0%), and leather products (-20.0%).  Refer to Tables1-A and 1.

 

  • Volume of Production Index likewise decreases

Volume of Production Index (VoPI) also declined by 10.5 percent in June 2019. During the same month of the previous year, the annual growth rate of VoPI was higher at 9.8 percent.

The downtrend  was due to the annual decreases observed in 11 major industry groups led by the major industry groups with two-digit negative annual rates as follows: petroleum products (-69.3%), furniture and fixtures (-40.5%),  and basic metals (-18.3%). Refer to Tables  1-B and 2

 

 

 

  • Value of Net Sales Index slightly decreases

The Value of Net Sales Index (VaNSI) slipped to 1.3 percent in June 2019, from a two-digit growth of 10.9 percent in the same month of the previous year.

Ten major industry groups pulled down the VoNSI led by machinery except electrical (-33.4%), leather products (-27.5%), miscellaneous manufactures (-15.7%), textiles (-15.4%), and petroleum products (-12.1%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index declines

The Volume of Net Sales Index (VoNSI) exhibited a year-on-year decrement of 2.3 percent in June 2019, compared with the 9.8 percent growth during the same month of the previous year.

Eleven major industry groups registered annual decreases with furniture and fixtures and machinery except electrical posting the highest annual declines of 36.8 percent and 31.0 percent, respectively. This was followed by four other major industries, namely: textiles (-13.8%), rubber and plastic products (-12.8%), petroleum products (-10.4%), and leather products (-10.1%). Refer to Tables 2-A and 3.

 

 

  • Average Capacity Utilization Rate is highest for basic metals

Average capacity utilization rate for total manufacturing in June 2019 was posted at 84.3 percent. Sixty percent or 11 of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • basic metals (88.6%)
  • petroleum products (88.4%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (86.3%)
  • food manufacturing (85.3%)
  • electrical machinery (85.1%)
  • chemical products (84.9%)
  • paper and paper products (83.8%)
  • rubber and plastic products (83.3%)
  • wood and wood products (82.0%)
  • textiles (80.3%)
  • printing (80.3%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (27.7%) of the total number of establishments for manufacturing in June 2019. About 53.6 percent of the total establishments during the month operated at 70 percent to 89 percent capacity, while almost one-fifth (18.8%) operated below 70 percent capacity. Refer to Tables B  and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: May 2019

Capacity Utilization

Percent Share

Below 50%

3.8

50% - 59%

4.5

60% - 69%

10.5

70% - 79%

 20.8

80% - 89%

 32.7

 90% - 100%

 27.7

 

 

 

 

 

 

CLAIRE DENNIS S. MAPA, Ph. D.
Undersecretary
National Statistician and Civil Registrar General

 

 


 

TABLE 1-A Value of Production Index, May 2019 and June 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

June 2019
May 2019
(revised)

Gainers

 

 

Beverages

20.9

10.8

Printing

70.9

78.6

Rubber and plastic products

12.7

13.3

Chemical products

1.8

-5.7

Non-metallic mineral products

3.0

-4.5

Paper and paper products

1.8

4.0

Transport equipment

0.8

12.1

Wood and wood products

5.1

21.6

Fabricated metal products

0.6

25.5

Losers

 

 

Petroleum products

-69.9

-47.2

Electrical machinery

-8.6

-3.6

Food manufacturing

-6.7

-21.3

Basic Metals

-23.0

-14.0

Machinery except electrical

-9.7

6.4

Miscellaneous manufactures

-7.5

-10.4

Footwear and wearing apparel

-3.0

2.8

Textiles

-3.8

-1.7

Furniture and fixtures

-6.0

-3.3

Leather products

-20.0

-18.3

Tobacco products

2/

18.7

 
Notes:  2/ - Less than 0.1 percent decrease 
Major Industries are ranked according to their contribution to the overall annual growth rate.
 
 
 

TABLE 1-B  Volume of Production Index, May 2019 and June 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

June 2019
May 2019
(revised)

Gainers

 

 

Printing

70.4

74.6

Beverages

17.3

7.0

Chemical products

7.0

-0.4

Transport equipment

4.8

16.2

Rubber and plastic products

7.4

7.7

Footwear and wearing apparel

5.7

6.1

Fabricated metal products

9.5

45.4

Wood and wood products

15.1

26.0

Paper and paper products

3.3

1.7

Losers

 

 

Petroleum products

-69.3

-47.0

Electrical machinery

-7.2

-3.2

Basic metals

-18.3

-6.7

Machinery except electrical

-6.5

5.7

Food manufacturing

-1.9

-17.8

Furniture and fixtures

-40.5

-34.6

Non-metallic mineral products

-5.1

-14.1

Tobacco products

-3.8

12.8

Textiles

-2.0

-0.2

Miscellaneous manufactures

-0.2

-2.9

Leather products

-0.9

-6.4

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.
 
 
 
TABLE 2-A  Value of Net Sales Index, May 2019 and June 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

June 2019
May 2019
(revised)

Gainers

 

 

Beverages

26.9

3.4

Chemical products

12.4

2.6

Food manufacturing

3.6

-6.1

Footwear and wearing apparel

7.5

3.5

Transport equipment

4.0

11.5

Fabricated metal products

11.5

23.2

Wood and wood products

16.8

43.4

Tobacco products

3.4

2.5

Printing

1.7

5.5

Non-metallic mineral products

0.5

2.1

Losers

 

 

Machinery except electrical

-33.4

-6.1

Electrical machinery

-9.9

-8.1

Petroleum products

-12.1

14.6

Miscellaneous manufactures

-15.7

-6.0

Textiles

-15.4

-18.8

Basic metals

-5.6

-8.7

Rubber and plastic products

-8.5

-2.9

Paper and paper products

-4.8

-4.1

Leather products

-27.5

-19.2

Furniture and fixtures

-0.3

-3.9

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.

 

 

TABLE 2-B  Volume of Net Sales Index, May 2019 and June 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

June 2019
May 2019
 (revised)

Gainers

 

 

Chemical products

18.1

8.3

Food manufacturing

8.9

-2.0

Beverages

23.1

-0.1

Footwear and wearing apparel

17.2

6.9

Transport equipment

8.2

15.6

Fabricated metal products

21.4

42.8

Wood and wood products

28.0

48.6

Printing

1.4

3.1

Basic metals

0.2

-0.9

Losers

 

 

Machinery except electrical

-31.0

-6.7

Electrical machinery

-8.5

-7.7

Petroleum products

-10.4

15.1

Furniture and fixtures

-36.8

-35.0

Textiles

-13.8

-17.5

Non-metallic mineral products

-7.5

-8.2

Miscellaneous manufactures

-9.1

1.9

Rubber and plastic products

-12.8

-7.7

Paper and paper products

-3.2

-6.2

Leather products

-10.1

-7.1

Tobacco products

-0.4

-2.7

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.
 

 

 

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