Monthly Integrated Survey of Selected Industries : May 1999

Reference Number: 

1999-039

Release Date: 

Thursday, July 22, 1999

 

 
Production volume for total manufacturing in May 1999 increased by 2.4 percent, while net sales volume decreased by 4.4 percent compared to a year ago according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).

The 2.4 percent year-on-year growth of volume of production decelerated from 4.2 percent in April. On the other hand, the 4.4 percent decrease in the volume of net sales came after an increase of 1.4 percent in April.

Food manufacturing on the strength of the recovery in agriculture; rubber products, and chemicals with improved demand, and transport equipment turned in positive performance in both production and sales.

On the other hand, non-metallic mineral products and paper & paper products, and electrical machinery with a few firms and/or machinery shutting down; and wood & wood products, furniture & fixtures, wearing apparel, beverage, and tobacco affected by lesser job orders and/or high finished goods inventory posted decreases in both.

Considering also the use of available capacity, food and rubber products performed well during the month contrasted with the performance of beverage, tobacco and non-metallic mineral products. All the other sectors showed indications of scaling capacities and managing inventories vis-à-vis production and sales performance.

 
Value of Production

In May 1999, the value of production index (VaPI) of 476.1 increased by 4.7 percent from 454.7 in May 1998. Year-on-year increases were observed in 8 out of 16 major sectors (See Annex 1A). Among the sectors, food manufacturing posted the highest year-on-year VaPI growth of 22.8 percent which can be attributed to the production increases in milled and refined sugar and coconut products. Other sectors that posted double-digit increases were petroleum products (14.5%), chemicals (12.9%), transport equipment (18.4%), rubber products (22.9%), beverage (10.7%) and miscellaneous manufactures (22.3%).

On the other hand, basic metals went down by 18.1 percent compared to an increase of 0.4 percent last month reportedly due to lack of raw materials and/or lesser demand. Other sectors that posted double-digit decreases were non-metallic mineral products (-30.5%), wearing apparel (-14.9%), furniture & fixtures (-21.0%) and tobacco (-14.5%).

 
Volume of Production

The volume of production index (VoPI) increased by 2.4 percent to 138.1 from 134.9 last year. Eight out of 16 sectors posted year-on-year increases led by food manufacturing which increased by 21.6 percent (See Annex 1B). Other sectors which largely contributed to the growth of the overall VoPI were petroleum products (7.2%), chemicals (4.1%), transport equipment (8.5%), basic metals (4.2%), textile (5.1%), miscellaneous manufactures (17.2%) and rubber products (4.4%).

 
Value of Net Sales

The value of net sales for May 1999 decreased by 1.3 percent compared to last year. Ten out of 16 sectors posted decreases led by petroleum products which declined by 12.0 percent (See Annex 2A). Other sectors that recorded double-digit decreases were basic metals (-23.4%), electrical machinery (-10.7%), textile(-14.7%), paper & paper products (-12.8%), non-metallic mineral products (-10.6%) and tobacco (-10.0%).

On the other hand, food manufacturing posted the highest increase of 20.3 percent. Other sectors that posted double-digit increases were chemicals (10.4%), transport equipment (11.5%), beverage (13.7%) and rubber products (18.5%).

 
Volume of Net Sales

The volume of net sales for May 1999 posted a decrease of 4.4 percent over last year. Decreases were seen in twelve sectors led by petroleum products, which declined by 17.6 percent (See Annex 2B). Double-digit decreases were observed in the following sectors: electrical machinery (-11.4%), textile (-17.4%), non-metallic mineral products (-22.9%), paper & paper products (-18.5%), wearing apparel (-11.6%) and furniture & fixtures (-24.6%).

 
Capacity Utilization

Responding establishments operating below 70% capacity were 38.4 percent in May 1999 compared to 39.2 percent a year ago. About 16.2 percent operated at full capacity (90%-100%) compared to 16.5 percent in May 1998.

The following sectors that had decreased use of existing capacity in May 1999 were beverage, tobacco, chemicals, non-metallic mineral products, basic metals and transport equipment. On the other hand, food, furniture & fixtures, paper & paper products, rubber products, electrical machinery and miscellaneous manufactures showed indications of increasing capacity utilization. Capacity utilization is defined as the ratio of output to the maximum rated capacity of the plant.

 
Response Rate

These results were based on the response of 419 sample establishments, which comprised 75.8 percent of the total number of establishments covered by the survey.

 
 

ANNEX 1-A

VALUE OF PRODUCTION INDEX (MAY 1999)
YEAR-ON-YEAR GROWTH (%)
May Aprilr
GAINERS
Food Manufacturing
Petroleum Products
Chemicals
Transport Equipment
Textile
Rubber Products
Beverage
Miscellaneous Manufactures
 
22.8
14.5
12.9
18.4
8.5
22.9
10.7
22.3
 
7.0
-1.4
11.8
30.1
19.5
20.7
5.9
12.2
LOSERS
Basic Metals
Non-Metallic Mineral Products
Wearing Apparel
Electrical Machinery
Wood & Wood Products
Paper & Paper Products
Furniture & Fixtures
Tobacco
 
-18.1
-30.5
-14.9
-2.9
-7.7
-6.3
-21.0
-14.5
 
0.4
-22.8
-20.9
8.7
-28.0
-18.9
27.4
-4.0
 
MONTH-ON-MONTH
 
   
GAINERS
Petroleum Products
Food Manufacturing
Wood & Wood Products
Paper & Paper Products
Transport Equipment
Wearing Apparel
Textile
Non-Metallic Mineral Products
Beverage
Rubber Products
Miscellaneous Manufactures
Tobacco
 
10.5
6.6
27.4
18.4
14.4
9.5
5.7
7.8
5.1
2.4
4.1
9.3
 
2.3
-15.6
-21.2
-27.9
-21.5
-12.5
-5.4
-12.2
-11.4
-11.7
-22.3
-16.1
LOSERS
Electrical Machinery
Chemicals
Furniture & Fixtures
Basic Metals
 
-4.7
-2.5
-36.8
-2.8
 
-2.9
-3.8
24.0
-15.9

r - revised due to updating of data from late responding establishments.
Note: Sectors are ranked according to their contribution to the overall May 1999 growth rate.

 

ANNEX 1-B

VOLUME OF PRODUCTION INDEX (MAY 1999)
YEAR-ON-YEAR GROWTH (%)
May Aprilr
GAINERS
Food Manufacturing
Petroleum Products
Chemicals
Transport Equipment
Basic Metals
Textile
Miscellaneous Manufactures
Rubber Products
 
21.6
7.2
4.1
8.5
4.2
5.1
17.2
4.4
 
4.3
-5.4
5.3
20.1
21.4
15.4
11.4
2.6
LOSERS
Wearing Apparel
Non-Metallic Mineral Products
Paper & Paper Products
Electrical Machinery
Wood & Wood Products
Furniture & Fixtures
Beverage
Tobacco
 
-19.1
-29.4
-12.5
-3.6
-6.1
-22.7
-5.0
-12.8
 
-24.5
-19.4
-25.6
6.9
-26.8
-0.5
-7.8
-2.0
 
MONTH-ON-MONTH
 
   
GAINERS
Food Manufacturing
Non-Metallic Mineral Products
Textile
Rubber Products
Beverage
Basic Metals
Transport Equipment
Wood & Wood Products
Electrical Machinery
Petroleum Products
Chemicals
Tobacco
Paper & Paper Products
 
7.0
6.5
27.4
18.4
13.1
9.0
5.7
3.0
4.6
2.4
9.3
3.0
0.7
 
-15.5
-8.6
-5.7
-11.9
-11.4
-18.0
-21.7
-21.2
-2.7
-2.2
-3.9
-16.1
-24.6
LOSERS
Furniture & Fixtures
Wearing Apparel
Miscellaneous Manufactures
 
-4.5
-2.3
-20.8
 
-1.1
-12.8
-23.7

r - revised due to updating of data from late responding establishments.
Note: Sectors are ranked according to their contribution to the overall May 1999 growth rate.

 

ANNEX 2-A

NET SALES VALUE (MAY 1999)
YEAR-ON-YEAR GROWTH (%)
May Aprilr
GAINERS
Food Manufacturing
Chemicals
Transport Equipment
Beverages
Rubber Products
Miscellaneous Manufactures
 
20.3
10.4
11.5
13.7
18.5
1.6
 
16.6
24.9
1.2
-8.4
67.6
-17.4
LOSERS
Petroleum Products
Basic Metals
Electrical Machinery
Textile
Paper & Paper Products
Wearing Apparel
Non-Metallic Mineral Products
Wood & Wood Products
Furniture & Fixtures
Tobacco
 
-12.0
-23.4
-10.7
-14.7
-12.8
-6.9
-10.6
-2.9
-3.3
-10.0
 
30.4
4.5
9.2
3.0
-18.2
-10.8
-32.6
-23.6
-4.4
-2.5
 
MONTH-ON-MONTH
 
   
GAINERS
Petroleum Products
Wood & Wood Products
Basic Metals
Non-Metallic Mineral Products
Wearing Apparel
Textile
Paper & Paper Products
Transport Equipment
Beverages
Electrical Machinery
 
30.4
19.7
9.7
14.6
6.4
6.7
6.6
4.6
1.3
0.1
 
-6.3
-20.4
1.1
-14.8
-17.3
-6.8
-11.2
-21.9
-2.4
-16.4
LOSERS
Chemicals
Food Manufacturing
Furniture & Fixtures
Miscellaneous Manufactures
Rubber Products
Tobacco
 
-19.5
-1.4
-26.3
-9.6
-2.6
-5.5
 
20.7
-6.5
-10.6
-4.6
4.0
3.5

Note: Sectors are ranked according to their contribution to the overall May 1999 growth rate.

 

ANNEX 2-B

NET SALES VOLUME (MAY 1999)
YEAR-ON-YEAR GROWTH (%)
May April
GAINERS
Food Manufacturing
Chemicals
Transport Equipment
Rubber Products
 
19.1
5.3
2.2
0.6
 
13.3
17.7
-6.6
42.4
LOSERS
Petroleum Products
Electrical Machinery
Textile
Non-Metallic Mineral Products
Paper & Paper Products
Wearing Apparel
Basic Metals
Furniture & Fixtures
Beverages
Wood & Wood Products
Tobacco
Miscellaneous Manufactures
 
-17.6
-11.4
-17.4
-22.9
-18.5
-11.6
-9.2
-24.6
-2.4
-1.3
-8.1
-2.7
 
-7.2
7.2
-0.5
-41.9
-22.9
-3.3
21.1
-24.6
-20.4
-22.4
-0.5
-18.0
 
MONTH-ON-MONTH
 
   
GAINERS
Petroleum Products
Basic Metals
Wood & Wood Products
Non-Metallic Mineral Products
Wearing Apparel
Textile
Paper & Paper Products
Transport Equipment
Electrical Machinery
 
25.6
13.6
19.7
14.6
5.9
6.7
6.6
3.5
0.3
 
3.5
0.9
-20.4
-15.1
-6.2
-7.1
-10.2
-22.1
-16.5
LOSERS
Chemicals
Food Manufacturing
Rubber Products
Miscellaneous Manufactures
Furniture & Fixtures
Beverages
Tobacco
 
-19.4
-1.0
-4.2
-10.5
-7.5
-1.3
-5.5
 
20.6
-6.4
3.8
-6.3
-7.5
-2.4
3.5

Note: Sectors are ranked according to their contribution to the overall May 1999 growth rate.

 

Distribution of Key Enterprise by Capacity Utilization
(In percent)

Capacity
  Utilization  
1998 1999
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY

 Below 50 % 

50 - 59 %

60 - 69 %

70 - 79 %

80 - 89 %

90 - 100 %

12.6

11.2

15.4

21.1

23.2

16.5

13.1

9.9

14.1

21.3

23.9

17.7

12.3

8.5

17.1

22.4

21.4

18.4

11.8

11.3

17.2

20.5

22.7

16.6

11.8

11.4

16.8

22.3

20.9

16.8

12.3

12.3

17.1

20.2

20.9

17.3

13.1

10.5

15.5

21.0

21.8

18.1

12.5

12.5

15.9

20.3

23.5

15.4

12.3

12.3

15.3

21.9

21.6

16.8

13.8

11.6

16.4

22.6

22.0

13.5

14.3

10.6

14.3

22.1

22.6

16.0

14.4

10.6

17.1

22.6

20.6

14.7

12.8

10.8

14.8

22.8

22.5

16.2


 

Percentage Changes in Production and Net Sales of
Key Enterprises: May 1998 - May 1999

ITEM MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY

Year-on-Year Change
Production
  Value 
  Volume 
Net Sales 
  Value
  Volume
 
0.8r
-9.9r
  
11.8
3.7
 
8.5r
-3.8r
  
5.0
-10.4
 
-0.3r
-11.7r
  
3.3
-5.4
 
-6.6r
-15.8r
  
-12.8
-23.3
 
-0.7r
-10.1r
  
-5.1
-16.0
 
-7.6r
-15.7r
  
-21.7
-15.0
 
-17.3r
-24.2r
  
-10.7
-16.1
 
-9.2r
-14.6r
  
-5.2
-6.0
 
-3.6r
-4.7r
  
-12.2
-19.0
 
-1.2r
-1.7r
  
-11.1
-13.8
 
4.2r
1.7r
  
-1.7
-4.9
 
7.0r
4.2r
  
2.1
1.4
 
4.7 
2.4 
  
-1.3
-4.4
 
Month-on-Month Change
Production
  Value 
  Volume 
Net Sales 
  Value
  Volume
 
5.1r
4.4r
  
6.5
10.7
 
9.5r
9.0r
  
-2.4
-3.0
 
-3.5r
-3.5r
  
4.1
4.9
 
-3.5r
-3.3r
  
-12.5
-11.3
 
5.7r
5.1r
  
4.1
2.5
 
-4.5r
-4.9r
  
5.6
-1.1
 
-2.3r
-2.8r
  
1.7
0.5
 
-7.0r
-5.9r
  
1.9
1.5
 
6.0r
6.0r
  
-2.7
-10.2
 
6.4r
5.9r
  
31.3
33.9
 
6.9r
6.6r
  
8.0
2.9
 
-9.6r
-10.3r
  
-6.6
-3.9
 
2.9 
2.6 
  
7.0
6.4

r - revised due to updating of data from late responding establishments.

 


Source: National Statistics Office
Manila, Philippines

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