r - revised

• Value of Production Index contracts in March 2014

Value of Production Index (VaPI) for manufacturing narrowed by 0.8  percent  in March 2014 compared with March 2013 according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This can be attributed to the slowdown in production output of petroleum products (-42.0%) due to an unexpected shutdown in one of the country’s oil refineries. Other sectors that significantly contributed to the negative performance of VaPI were the following: wood and wood products (21.3%), chemical products (-18.7%), basic metals (-11.9%), furniture and fixtures (-11.9%), non-metallic mineral products (-10.4%) and footwear and wearing apparel (-10.0%). Refer to Tables 1-A and 1.

• Volume of Production Index declines in March 2014

Volume of Production Index (VoPI) slid down by 1.1 percent in March 2014 compared with March 2013. This was brought about by the decrements noted in eight sectors led by petroleum products (-47.3%).  Other sectors with double-digit decreases in VoPI were: wood and wood products (-23.8%), chemical products (-18.3%), non-metallic mineral products (-12.2%) and footwear and wearing apparel (-10.5%).  However, the three-digit increases in VoPI registered by publishing and printing (148.1%) and tobacco products (109.9%) did not result in a positive annual growth for VoPI. Refer to Tables 1-B and 2.

• Value of Sales Index sustains two-digit growth in March 2014

Value of Net Sales Index (VaNSI), slowly grew by 18.2 percent in March 2014 from March 2013. The growth was accounted for by the three-digit increase in publishing and printing (115.9%) and the double-digit increments of ten other sectors namely: fabricated metal products (82.7%), electrical machinery (60.5%), chemical products (38.9%), textiles (38.6%), tobacco products (23.6%), rubber and plastic products (21.2%), non-metallic mineral products (19.8%), paper and paper products (19.4%), petroleum products (16.9%) and machinery excluding electrical (12.0%). Refer to Tables 2-A and 3.

• Volume of Net Sales Index expands in March 2014

Volume of Net Sales Index (VoNSI) likewise posted a 17.9 percent increment in March 2014 compared with March 2013. The growth was supported by the significant annual expansions in 11 major sectors namely: publishing and printing (115.9%), fabricated metal products (92.4%), electrical machinery (51.0%), chemical products (39.6%), textiles (38.1%), machinery except electrical (24.3%), tobacco products (23.9%), rubber and plastic products (19.0%), non-metallic mineral products (17.4%), paper and paper products (16.2%) and  furniture and fixtures (11.6%). Refer to Tables 2-B and 4.

• petroleum products (88.3%)
• basic metals (87.3%)
• non-metallic mineral products (86.1%)
• electrical machinery (84.5%)
• machinery except electrical (84.5%)
• food manufacturing (84.4 %)
• paper and paper products (82.9%)
• chemical products (82.8%)
• rubber and plastic products (82.4%)
• wood and wood products (81.3%)
• publishing and printing (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was 22.4 percent in March 2014. About 57.5 percent of the establishments operated at 70% to 89% capacity while 20.1 percent of the establishments operated below 70% capacity. Refer to Table 6.

• Response Rate

The response rates for the March 2014 MISSI and PPS are 81.3 percent and 91.4 percent, respectively.  Refer to Tables 7 and 8.

Data of non-responding samples were estimated based on previous records and other administrative reports of these establishments.  Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.