Monthly Integrated Survey of Selected Industries: May 2019

Reference Number: 

2019-112

Release Date: 

Friday, July 5, 2019

 

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

and Producer Price Index: May 2019 and May 2018

(2000=100)

TOTAL MANUFACTURING

MAY
2019
MAY
2018

Production Index

 

 

       Value       (VaPI)

-2.1

14.8

       Volume    (VoPI)

-4.0

13.0

Net Sales Index

 

 

       Value        (VaNSI)

0.7

13.1

       Volume     (VoNSI)

-1.3

11.3

Producer Price Index

2.0r

1.5

r - revised

 

  • Value of Production Index decelerates

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), Value of Production Index (VaPI) for manufacturing declined by 2.1 percent in May 2019. During the same month of the previous year, the annual rate of VaPI went up by 14.8 percent.

The downtrend  was due to the annual decreases observed in seven major industry groups with two-digit negative annual rates as follows: leather products (-18.3%), food manufacturing (-17.7%), miscellaneous manufactures (-15.6%), and basic metals (-13.5%). Refer to Tables1-A and 1.

 

  • Volume of Production Index declines

Volume of Production Index (VoPI) also posted a decrease of 4.0 percent in May 2019. It posted a two-digit annual growth of 13.0 percent in April 2018.

Six major industry groups registered annual decreases with furniture and fixtures and food manufacturing posting the highest annual declines of 35.0 percent and 14.0 percent, respectively. Refer to Tables 1-B and 2

 

 

 

  • Value of Net Sales Index sustains a positive growth

The Value of Net Sales Index (VaNSI) reflected a year-on-year increase of 0.7 percent in May 2019. Its annual rate during the same month of the previous year was higher at 13.1 percent.

The increment was brought about by the improved performance of 10 major industry groups with two-digit increases as follows: wood and wood products (43.7%), fabricated metal products (28.3%), transport equipment (17.1%), and petroleum products (14.6%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index decreases

The Volume of Net Sales Index (VoNSI) declined by 1.3 percent in May 2019 as compared with its annual growth of 11.3 percent during the same period last year.

Eleven major industry groups pulled down the VoNSI which was led by furniture and fixtures (-36.0%), and textiles (-20.4%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate for total manufacturing in May 2019 was posted at 84.4 percent. Fifty-five percent or 11 of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • petroleum products (89.5%)
  • basic metals (88.8%)
  • non-metallic mineral products (86.4%)
  • machinery except electrical (86.4%)
  • food manufacturing (85.3%)
  • chemical products (85.2%)
  • electrical machinery (85.1%)
  • paper and paper products (83.9%)
  • rubber and plastic products (83.3%)
  • wood and wood products (82.0%)
  • textiles (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (27.6%) of the total number of establishments for manufacturing in May 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%

 21.1

80% - 89%

 32.5

 90% - 100%

 27.6

 

 

 

 

 

 

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

 

 


 

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

(2000 =100)

Industry Group

Year-on-Year Growth (%)

May 2019
April 2019
(revised)

Gainers

 

 

Petroleum products

31.0

-25.1

Machinery except electrical

7.2

1.7

Transport equipment

15.5

-7.8

Tobacco products

21.6

-25.4

Fabricated metal products

27.2

25.4

Rubber and plastic products

13.4

2.9

Beverages

8.0

-3.7

Printing

17.7

9.3

Wood and wood products

22.0

-4.9

Electrical machinery

0.6

3.4

Non-metallic mineral products

3.1

3.9

Paper and paper products

4.1

10.4

Footwear and wearing apparel

1.9

9.4

Losers

 

 

Food manufacturing

-17.7

-24.7

Basic Metals

-13.5

-22.2

Miscellaneous manufactures

-15.6

-2.0

Leather products

-18.3

-24.0

Textiles

-2.0

-1.4

Furniture and fixtures

-3.9

19.2

Chemical products

-0.4

1.2

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

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

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

May 2019
April 2019
(revised)

Gainers

 

 

Petroleum products

29.9

-24.3

Fabricated metal products   

45.6

22.3

Machinery except electrical

6.6

0.2

Transport equipment

11.5

-11.8

Chemical products

5.2

6.8

Tobacco products

15.7

-29.2

Beverages

4.7

-6.7

Electrical machinery

1.2

3.3

Rubber and plastic products

7.2

-2.7

Printing

15.0

6.8

Footwear and wearing apparel

5.5

9.2

Wood and wood products

26.3

1.7

Paper and paper products

1.7

6.1

Textiles

1.8

2.9

Losers

 

 

Food manufacturing

-14.0

-21.5

Furniture and fixtures

-35.0

-22.8

Basic metals

-5.9

-15.8

Non-metallic mineral products

-7.1

-6.2

Miscellaneous manufactures

-8.5

4.9

Leather products

-6.4

-25.5

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

(2000 =100)

Industry Group

Year-on-Year Growth (%)

May 2019
April 2019
(revised)

Gainers

 

 

Petroleum products

14.6

-7.8

Transport equipment

17.1

-7.1

Fabricated metal products

28.3

18.0

Wood and wood products

43.7

30.1

Chemical products

2.2

-1.2

Footwear and wearing apparel

3.2

16.9

Beverages

2.0

5.6

Printing

5.2

4.2

Non-metallic mineral products

1.1

-1.8

Tobacco products

0.5

12.2

Losers

 

 

Food manufacturing

-7.4

-10.1

Electrical machinery

-6.6

-8.4

Machinery except electrical

-6.6

8.7

Textiles

-23.4

-1.7

Basic metals

-4.3

-9.4

Miscellaneous manufactures

-4.7

-12.7

Paper and paper products

-4.6

3.5

Leather products

-19.2

-23.3

Furniture and fixtures

-5.4

12.9

Rubber and plastic products

-2.0

-1.7

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

 

 

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

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

May 2019
April 2019
 (revised)

Gainers

 

 

Petroleum products

13.7

-6.7

Chemical products

8.0

4.2

Fabricated metal products

46.8

15.1

Transport equipment

13.0

-11.1

Wood and wood products

48.8

39.1

Footwear and wearing apparel

6.7

16.7

Basic metals

4.1

-1.9

Miscellaneous manufactures

3.2

-6.6

Printing

2.8

1.8

Losers

 

 

Electrical machinery

-6.1

-8.6

Machinery except electrical

-7.3

7.1

Food manufacturing

-3.2

-6.3

Textiles

-20.4

2.6

Furniture and fixtures

-36.0

-26.9

Non-metallic mineral products

-8.9

-11.3

Paper and paper products

-6.8

-0.6

Tobacco products

-4.5

6.5

Rubber and plastic products

-7.4

-7.0

Beverages

-1.2

2.3

Leather products

-7.1

-24.5

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

 

 

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