Table A Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: May 2015 and May 2014
|
||
---|---|---|
TOTAL MANUFACTURING |
MAY
2015
|
MAY
2014
|
Production Index (2000=100) |
|
|
Value (VaPI) |
-7.3 |
11.4 |
Volume (VoPI) |
-3.1 |
12.7 |
Net Sales Index (2000=100) |
|
|
Value (VaNSI) |
-11.7 |
8.1 |
Volume (VoNSI) |
-7.7 |
9.2 |
Producer Price Index (2000=100) |
-4.4r |
-1.1 |
r - revised
- Value of Production Index posts a downward trend in May 2015
Value of Production Index (VaPI) for total manufacturing shrank further as it posted an annual decrement of 7.3 percent in May 2015, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The contraction in VaPI were exhibited by nine out of 20 major sectors, with two-digit decreases noted in the following: wood and wood products (-31.7%), furniture and fixtures (-28.3%), petroleum products (-23.0%), footwear and wearing apparel (-19.6%), basic metals (-19.3%),food manufacturing (-13.1%) and electrical machinery (-12.0%). Refer to Tables 1-A and 1.
- Volume of Production contracts in May 2015
Volume of Production Index (VoPI) on a year-on-year comparison dropped by 3.1 percent in May 2015 compared with the two-digit growth of 12.7 percent during the same month of last year. Half of the 20 major sectors reporting decreases in VoPI, five significantly contributed to the decline, namely: footwear and wearing apparel (-19.2%), wood and wood products (-18.4%), basic metals (-16.0%), food manufacturing (-13.9%) and beverages (-10.2%). Refer to Tables 1-B and 2.
- Value of Net Sales Index continues to decelerate in May 2015
Value of Net Sales Index (VaNSI) continued to fall since December 2014, recording a two-digit annual decrement of 11.7 percent in May 2015. There were 11 major sectors that showed decreases in VaNSI, with seven sectors attributing to the significant decreases: printing (-51.3%), petroleum products (-29.0%), wood and wood products (-19.8%), basic metals (-15.6%), food manufacturing (-13.1%) and beverages (-11.2%) and machinery excluding electrical (-10.4%). Refer to Tables 2-A and 3.
- Volume of Net Sales Index declines in May 2015
Volume of Net Sales Index (VoNSI) went down 7.7 percent in May 2015 compared with 9.2 percent growth during the same month last year. Five major sectors largely contributed to the reduction in VoNSI. These were printing (-50.9%), beverages (-18.4%), food manufacturing (-13.9%), petroleum products (-13.4%) and basic metals (-12.2%). Refer to Tables 2-B and 4.
- Average Capacity Utilization in May 2015 is 83.3 percent
Average capacity utilization rate in May 2015 for total manufacturing was recorded at 83.3 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:
- basic metals (88.6%)
- petroleum products (88.4%)
- non-metallic mineral products (86.4%)
- machinery except electrical (84.7%)
- electrical machinery (84.4%)
- food manufacturing (84.3%)
- chemical products (83.3%)
- paper and paper products (83.2%)
- rubber and plastic products (82.4%)
- wood and wood products (80.7%)
- printing (80.2%)
The proportion of establishments that operated at full capacity (90% to 100%) was 25.4 percent in May 2015. About 56.4 percent of the establishments operated at 70 percent to 89 percent capacity while 18.2 percent of the establishments operated below 70 percent capacity. Refer to Table 6 and B.
Table B Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: May 2015 |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50% |
3.6 |
50% - 59% |
4.5 |
60% - 69% |
10.1 |
70% - 79% |
22.3 |
80% - 89% |
34.1 |
90% - 100% |
25.4 |
- Industry Coverage
The 2015 MISSI utilizes the 2009 Philippine Standard Industrial Classification (PSIC) to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2015 MISSI. These are presented in the table below.
2009 PSIC CODE |
INDUSTRY DESCRIPTION |
---|---|
C10 |
Food manufacturing * |
C11 |
Beverages |
C12 |
Tobacco products |
C13 |
Textiles* |
C14, C152 |
Footwear and wearing apparel |
C151 |
Leather products |
C16 |
Wood and wood products* |
C17 |
Paper and paper products |
C18 |
Printing |
C19 |
Petroleum products* |
C20,C21 |
Chemical products* |
C22 |
Rubber and plastic products* |
C23 |
Non-metallic mineral products* |
C24 |
Basic metals* |
C25,C3311 |
Fabricated metal products |
C262,C275,C28, C263,C268,C3312,C332 |
Machinery except electrical* |
C261,C264,C27, C29301,C3314,C332 |
Electrical machinery* |
C29 except C29301, C30,C3315 |
Transport equipment |
C31 |
Furniture and fixtures |
C265,C266,C267,C32, C3313,C3319 |
Miscellaneous manufactures |
Note: * - Major industries categorized into sub-industries |
- Response Rate
The response rates for the May 2015 MISSI and PPS are 77.1 percent and 83.0 percent, respectively. Refer to Tables 7 and 8.
Table C Response Rates For Total Manufacturing (In percent) |
||
---|---|---|
|
May 2015 |
April 2015
(revised)
|
MISSI |
77.1 |
89.7r |
PPS |
83.0 |
94.0r |
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.
(Sgd) LISA GRACE S. BERSALES, Ph.D.
National Statistician
TABLE 1-A Value of Production Index, April 2015– May 2015
(2000 =100)
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015 |
April 2015
(revised)
|
|
Chemical products |
12.0 |
15.6 |
Tobacco products |
24.2 |
47.8 |
Paper and paper products |
16.2 |
13.7 |
Non-metallic mineral products |
9.6 |
5.5 |
Textiles |
13.0 |
20.1 |
Transport equipment |
4.3 |
-2.0 |
Miscellaneous manufactures |
7.3 |
-20.6 |
Printing |
6.5 |
22.0 |
Fabricated metal products |
3.5 |
-9.4 |
Leather products |
10.2 |
13.9 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015 |
April 2015
(revised)
|
|
Petroleum products |
-23.0 |
-34.6 |
Food manufacturing |
-13.1 |
-11.8 |
Electrical machinery |
-12.0 |
-8.9 |
Basic metals |
-19.3 |
13.1 |
Machinery except electrical |
-8.6 |
-0.6 |
Footwear and wearing apparel |
-19.6 |
-0.6 |
Furniture and fixtures |
-28.3 |
-4.0 |
Wood and wood products |
-31.7 |
-15.4 |
Beverages |
-2.2 |
-0.6 |
Rubber and plastic products |
-2.3 |
7.2 |
Notes:
TABLE 1-B Volume of Production Index, April 2015– May 2015
(2000 = 100)
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015 |
April 2015
(revised)
|
|
Chemical products |
11.8 |
14.7 |
Non-metallic mineral products |
15.5 |
11.5 |
Tobacco products |
20.7 |
43.6 |
Transport equipment |
7.8 |
0.5 |
Paper and paper products |
15.3 |
13.8 |
Textiles |
11.9 |
18.9 |
Miscellaneous manufactures |
5.5 |
-16.1 |
Printing |
7.3 |
23.0 |
Fabricated metal products |
3.7 |
-5.8 |
Leather products |
10.0 |
13.9 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015 |
April 2015
(revised)
|
|
Food manufacturing |
-13.9 |
-13.4 |
Electrical machinery |
-5.1 |
5.1 |
Basic metals |
-16.0 |
18.4 |
Petroleum products |
-6.1 |
-16.4 |
Footwear and wearing apparel |
-19.2 |
0.3 |
Beverages |
-10.2 |
-8.7 |
Machinery except electrical |
-4.6 |
3.1 |
Rubber and plastic products |
-4.5 |
5.3 |
Wood and wood products |
-18.4 |
-4.4 |
Furniture and fixtures |
-2.0 |
23.4 |
Notes:
TABLE 2-A Value of Net Sales Index, April 2015– May 2015
(2000 =100)
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015 |
April 2015
(revised)
|
|
Transport equipment |
13.8 |
2.4 |
Non-metallic mineral products |
14.2 |
4.2 |
Fabricated metal products |
17.4 |
-12.4 |
Miscellaneous manufactures |
11.9 |
5.0 |
Tobacco products |
11.7 |
13.7 |
Footwear and wearing apparel |
7.3 |
7.3 |
Furniture and fixtures |
17.2 |
9.4 |
Rubber and plastic products |
9.9 |
13.2 |
Paper and paper products |
3.0 |
2.4 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015 |
April 2015
(revised)
|
|
Petroleum products |
-29.0 |
-26.9 |
Food manufacturing |
-13.1 |
-3.2 |
Electrical machinery |
-9.9 |
-16.8 |
Machinery except electrical |
-10.4 |
-1.5 |
Chemical products |
-9.5 |
-7.1 |
Basic metals |
-15.6 |
3.8 |
Printing |
-51.3 |
-42.5 |
Beverages |
-11.2 |
-6.2 |
Wood and wood products |
-19.8 |
10.6 |
Textiles |
-5.7 |
8.3 |
Leather products |
-3.6 |
14.5 |
Notes:
TABLE 2-B Volume of Net Sales Index, April 2015– May 2015
(2000 = 100)
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015 |
April 2015
(revised)
|
|
Transport equipment |
17.6 |
5.0 |
Non-metallic mineral products |
20.3 |
10.1 |
Furniture and fixtures |
60.2 |
40.5 |
Fabricated metal products |
17.5 |
-8.9 |
Footwear and wearing apparel |
7.9 |
8.3 |
Miscellaneous manufactures |
10.1 |
11.1 |
Tobacco products |
8.5 |
10.5 |
Rubber and plastic products |
7.4 |
11.1 |
Paper and paper products |
2.3 |
2.5 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
May 2015
|
April 2015
(revised)
|
|
Food manufacturing |
-13.9 |
-4.9 |
Petroleum products |
-13.4 |
-6.5 |
Chemical products |
-9.6 |
-7.8 |
Beverages |
-18.4 |
-13.8 |
Machinery except electrical |
-6.5 |
2.3 |
Printing |
-50.9 |
-42.0 |
Basic metals |
-12.2 |
8.7 |
Electrical machinery |
-2.9 |
-4.1 |
Textiles |
-6.7 |
7.3 |
Wood and wood products |
-4.2 |
25.0 |
Leather products |
-3.8 |
14.6 |
Notes: