Monthly Integrated Survey of Selected Industries : May 2017

Reference Number: 

2017-078

Release Date: 

Tuesday, July 11, 2017

 

 

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

TOTAL MANUFACTURING

MAY
2017
MAY
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

3.6

3.6

       Volume    (VoPI)

5.8

7.4

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

3.4

3.3

       Volume     (VoNSI)

5.7

7.2

        Producer Price Index (2000=100)

- 2.1r

- 3.6

                                                   r - revised

 

  • Value of Production Index posts positive growth in May 2017

Value of Production Index (VaPI) for manufacturing exhibited an annual growth of 3.6 percent, posting the same growth as in May 2016, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Ten of the 15 major sectors significantly contributed to the positive increase in the value of production, as follows:footwear and wearing apparel (35.9%), basic metals (34.3%), printing (32.1%), tobacco products (29.9%), fabricated metal products (27.5%), petroleum products (27.4%), transport equipment (19.7%), non-metallic mineral products (17.5%), electrical machinery (11.9%) and leather products (11.8%). Refer to Tables1-A  and 1.

 

  • Volume of Production Index grows at a slower pace

Volume of Production Index (VoPI) continued to gain at a slower rate of 5.8 percent in May 2017, compared with 7.4 percent during same period last year. Fabricated metal products contributed significantly to the growth with 116.9 percent, followed by major sectors that registered two-digit growth in VoPI, namely: leather products (44.3%), footwear and wearing apparel (34.6%), furniture and fixtures (34.4%), basic metals (29.1%), tobacco products (28.2%), printing (28.2%), non-metallic mineral products (22.6%),  transport equipment (22.2%), petroleum products (16.8%), electrical machinery (13.0%) and paper and paper products (11.1%). Refer to Tables 1-B and 2.

 

 
 
 
  • Value of Net Sales Index expands

Value of Net Sales Index (VaNSI) grew slowly in May 2017 as it recorded an increase of 3.4 percent from 3.3 percent during the same month of the previous year. Four major sectors exhibited double-digit increases in VaNSI led by machinery except electrical (60.3%) followed by transport equipment (40.6%), printing (25.9%), petroleum products (15.4%) and electrical machinery (14.0%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index liksewise increase

Volume of Net Sales Index (VoNSI) continued to gain as it posted a year-on-year growth of 5.7 percent in May 2017. The major contributing factor were the increases in VoNSI exhibited by nine major sectors, with significant expansion observed in machinery except electrical (69.5%), fabricated metal products (67.5%), transport equipment (40.3%), leather products (28.7%), printing (22.2%), furniture and fixtures (20.7%), electrical machinery (15.9%), non-metallic mineral products (11.5%), and paper and paper products (10.0%). Refer to Tables 2-B and 4.

 

 
 
  • Average Capacity Utilization Rate in May 2017 is 83.8 percent with basic metals posting the highest among industries

Average capacity utilization rate rate inMay 2017 for total manufacturing was recorded at  83.8 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • basic metals (88.7%)
  • petroleum products (88.6%)
  • non-metallic mineral products (86.7%)
  • machinery except electrical (85.5%)
  • food manufacturing (84.9%)
  • electrical machinery (84.5%)
  • chemical products (83.8%)
  • paper and paper products (83.6%)
  • rubber and plastic products (82.7%)
  • wood and wood products (81.3%)
  • printing (80.4%)

The proportion of establishmentsthatoperated at full capacity (90% to 100%) was recorded almost one-fourth of the total number of establishments (24.3%) in May 2017. Around 56 percent of the total establishments operated at 70 percent to 89 percent capacity while one-fifth of the total establishments (20.1%) operated below 70 percent capacity. Refer to Table B and 6.

 

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

Capacity Utilization

Percent Share

Below 50%

   4.0

50% - 59%

   5.1

60% - 69%

   11.0

70% - 79%

 22.5

80% - 89%

 33.1

 90% - 100%

 24.3

 

  • Response Rate

The response rates for the May 2017 MISSI and PPS were registered at 79.1 and 81.1 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

May 2017

April 2017
(Revised)

MISSI

79.1

91.5r

PPS

81.1r

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, April 2017 and May 2017
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Petroleum products

27.4

78.4

Electrical machinery

11.9

0.1

Basic metals

34.3

32.8

Footwear and wearing apparel

35.9

16.3

Transport equipment

19.7

19.2

Food manufacturing

4.2

9.0

Tobacco products

29.9

13.3

Non-metallic mineral products

17.5

-7.3

Fabricated metal products

27.5

9.2

Printing

32.1

7.7

Beverages

4.9

-0.9

Paper and paper products

6.3

-3.5

Furniture and fixtures

9.9

24.1

Textiles

3.6

-27.9

Leather products

11.8

-3.3

 

Losers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Chemical products

-37.0

-40.0

Rubber and plastic products

-28.8

-28.7

Machinery except electrical

-3.3

-11.8

Miscellaneous manufactures

-4.6

-17.6

Wood and wood products

-0.5

-0.2

 

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2017 and May 2017
(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Electrical machinery

13.0

-0.1

Petroleum products

16.8

51.4

Fabricated metal products

116.9

92.1

Basic metals

29.1

28.2

Footwear and wearing apparel

34.6

13.6

Food manufacturing

6.0

10.5

Transport equipment

22.2

21.4

Non-metallic mineral products

22.6

-1.5

Tobacco products

28.2

11.7

Printing

28.2

4.5

Beverages

5.9

-1.1

Furniture and fixtures

34.4

72.0

Paper and paper products

11.1

0.4

Textiles

8.0

-24.6

Leather products

44.3

6.0

 

Losers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Chemical products

-35.1

-38.2

Rubber and plastic products

-24.5

-25.6

Miscellaneous manufactures

-11.9

-24.1

Machinery except electrical

-0.3

-13.2

Wood and wood products

-2.5

-1.4

 

Notes:
Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2017 and May 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Machinery except electrical

60.3

7.6

Electrical machinery

14.0

18.7

Transport equipment

40.6

46.7

Petroleum products

15.4

19.5

Food manufacturing

6.3

0.8

Basic metals

6.9

1.5

Printing

25.9

8.4

Non-metallic mineral products

5.7

-15.1

Paper and paper products

7.8

31.9

Rubber and plastic products

6.1

5.2

Beverages

0.7

-3.6

 

Losers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Chemical products

-29.4

-30.5

Footwear and wearing apparel

-26.9

-24.2

Tobacco products

-6.8

-9.7

Miscellaneous manufactures

-6.2

-14.2

Textiles

-4.4

33.4

Wood and wood products

-9.9

-13.3

Furniture and fixtures

-4.5

-0.3

Fabricated metal products

-1.6

8.5

Leather products

-0.7

31.4

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2017 and May 2017
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Machinery except electrical

69.5

10.2

Electrical machinery

15.9

19.4

Transport equipment

40.3

46.0

Food manufacturing

5.8

0.6

Fabricated metal products

67.5

90.8

Petroleum products

6.7

2.7

Non-metallic mineral products

11.5

-8.5

Printing

22.2

5.2

Paper and paper products

10.0

32.7

Furniture and fixtures

20.7

42.8

Beverages

3.3

-2.3

Rubber and plastic products

9.9

11.3

Basic metals

2.5

-3.2

Leather products

28.7

44.8

 

Losers

Year-on-Year Growth (%)

May 2017
April 2017
(revised)

Chemical products

-28.1

-29.4

Footwear and wearing apparel

-27.9

-26.1

Miscellaneous manufactures

-8.8

-16.8

Tobacco products

-8.4

-11.2

Wood and wood products

-11.3

-13.7

Textiles

-0.7

38.9

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

 

 

 

 

Attachment: 

Tags: