Total Manufacturing |
November 2007 |
October 2007 |
---|---|---|
Year-on-Year Growth |
|
|
Production Index (1994=100) |
|
|
Value (VaPI) |
-0.8 |
0.4r |
Volume (VoPI) |
-2.9 |
-1.8r |
Net Sales |
|
|
Value |
1.8 |
3.4r |
Volume |
-2.3 |
-0.4r |
Producer Price Index (1994=100) |
2.2r |
2.3r |
Average Capacity Utilization |
80.6 |
80.6r |
r-revised
· Value of Production in November 2007 posts a negative growth
Value of Production Index (VaPI) for the manufacturing industry went down by 0.8 percent in November 2007, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Reductions in factory output were observed in 12 major sectors, with two-digit decreases noted in the following: basic metals, rubber products, textiles, footwear and wearing apparel, and paper and paper products. Refer to Tables 1-A and 1 .
However, VaPI on a month-on-month basis continued to increase at a slower rate of 0.6 percent in November 2007. The growth in production output were reported by 8 major sectors with two-digit increase led by leather products at 16.7 percent. Refer to Tables 1-A and 1.
· Volume of Production Index in November 2007 likewise decreases
On a yearly basis, Volume of Production Index (VoPI) dipped further by 2.9 percent in November 2007. This was due to the low production output in the following major sectors: basic metals, rubber products, textiles, footwear and wearing apparel, publishing and printing, chemical products, and paper and paper products. Refer to Tables 2 and 1-B.
On the other hand, on a month-on-month basis, VoPI maintained a positive growth of 0.8 percent in November 2007. Growth in production output was exhibited in 8 major sectors led by leather products, with an increase of 16.7 percent. Refer to Tables 2 and 1-B.
· Value of Net Sales remains upbeat in November 2007
Value of Net Sales rose at a slower rate as it posted a year-on-year growth of 1.8 percent in November 2007. Major sources of increases were observed in the following major sectors: furniture and fixtures, transport equipment, wood and wood products, beverages, petroleum products, publishing and printing, and paper and paper products. Refer to Tables 2-A and 3.
On a month-on-month basis, however, Value of Net Sales fell by 4.1 percent in November 2007. The decline were exhibited by 14 major sectors, with two-digit decreases observed in the following: basic metals, textiles, rubber products, miscellaneous manufactures, and footwear and wearing apparel. Refer to Tables 2-A and 3.
· Volume of Net Sales declines further
Volume of Net Sales continued to slide by 2.3 percent in November 2007. This was brought about by the significant sales reduction in the following major sectors: leather products, basic metals, textiles, rubber products and food manufacturing. Refer to Tables 2-B and 4.
On a month-on-month basis, Volume of Net Sales likewise decreased by 4.2 percent in November 2007. Fifteen (15) of the 20 major sectors posted decline in sales volume, with two-digit decreases observed in the following: basic metals, textiles, rubber products, and machinery excluding electrical. Refer to Tables 2-B and 4.
· Capacity Utilization
Average capacity utilization in November 2007 for total manufacturing was estimated at 80.6 percent. Ten (10) major sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, petroleum products, leather products, miscellaneous manufactures, basic metals, electrical machinery, paper and paper products, food manufacturing, rubber products, and chemical products. Refer to Table 6.
The proportion of establishments that operated at full capacity (90% to 100%) was 10.3 percent in November 2007. More than half or 56.0 percent of the establishments operated at 70% to 89% capacity while 33.7 percent of the establishments operated below 70% capacity.
Distribution of Key Manufacturing Establishments by Capacity Utilization |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50 percent |
4.1 |
50 percent - 59 percent |
9.7 |
60 percent - 69 percent |
19.9 |
70 percent - 79 percent |
17.9 |
80 percent - 89 percent |
38.1 |
90 percent - 100 percent |
10.3 |
· Response Rates
The response rates for the November 2007 MISSI and PPS are 85.1 percent and 96.1 percent, respectively. Refer to Tables 7 and 8.
Response Rates for Total Manufacturing |
||
---|---|---|
November 2007 |
October 2007 |
|
MISSI |
85.1 |
94.9r |
PPS |
96.1r |
99.0r |
r-revised
· Technical Notes
For the 2007 monthly issues, the 2000 based series of MISSI indices and PPI are simultaneously released with the 1994 based indicators. The 2000 based series for 2001 to 2006 were earlier made available in separate Special Release.
Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
|
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. VALUE OF PRODUCTION INDEX, October 2007 - November 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
|
|
||
Petroleum Products |
14.1 |
29.4 |
|
Beverages |
18.8 |
23.0 |
|
Wood and Wood Products |
41.2 |
59.9 |
|
Non-Metallic Mineral Products |
4.3 |
-0.5 |
|
Fabricated Metal Products* |
6.0 |
11.7 |
|
Leather Products* |
64.1 |
28.8 |
|
Publishing and Printing* |
7.0 |
6.8 |
|
Transport Equipment |
1.2 |
18.0 |
|
|
|
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
November 2007 |
October 2007 |
|
|
||
Electrical Machinery |
-9.9 |
-20.6 |
Basic Metals |
-17.0 |
-5.6 |
Chemical Products |
-5.6 |
-6.6 |
Footwear and Wearing Apparel* |
-12.9 |
-13.7 |
Textiles |
-15.9 |
-17.8 |
Food Manufacturing |
-2.5 |
-3.4 |
Paper and Paper Products |
-11.6 |
-2.9 |
Rubber Products |
-17.0 |
-8.5 |
Tobacco |
-2.2 |
-37.3 |
Furniture and Fixtures |
-9.4 |
-12.4 |
Miscellaneous Manufactures |
-3.7 |
-6.4 |
Machinery Excluding Electrical* |
-0.2 |
5.9 |
TABLE 1-A. VALUE OF PRODUCTION INDEX, October 2007 - November 2007(concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
|
|
||
Chemical Products |
6.8 |
-3.7 |
|
Food Manufacturing |
2.7 |
6.7 |
|
Petroleum Products |
2.6 |
7.5 |
|
Electrical Machinery |
1.1 |
-9.2 |
|
Fabricated Metal Products* |
5.1 |
14.6 |
|
Furniture and Fixtures |
6.1 |
-2.5 |
|
Leather Products* |
16.7 |
-13.5 |
|
Publishing and Printing* |
1.6 |
-6.2 |
|
|
|
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
November 2007 |
October 2007 |
|
|
||
Transport Equipment |
-16.7 |
6.3 |
Basic Metals |
-6.9 |
16.9 |
Footwear and Wearing Apparel* |
-9.0 |
-7.8 |
Paper and Paper Products |
-12.8 |
4.0 |
Textiles |
-5.5 |
1.4 |
Rubber Products |
-18.0 |
7.4 |
Beverages |
-2.1 |
16.3 |
Machinery Excluding Electrical* |
-8.4 |
9.3 |
Wood and Wood Products |
-8.4 |
6.1 |
Miscellaneous Manufactures |
-4.3 |
-1.3 |
Non-Metallic Mineral Products |
-1.2 |
0.4 |
Tobacco |
-0.2 |
3.3 |
Notes: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based November 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.
TABLE 1-B. VOLUME OF PRODUCTION INDEX, October 2007 - November 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
|
|
||
Beverages |
16.3 |
22.0 |
|
Wood and Wood Products |
47.0 |
68.3 |
|
Fabricated Metal Products* |
9.1 |
14.7 |
|
Miscellaneous Manufactures |
13.9 |
5.0 |
|
Leather Products* |
53.4 |
20.4 |
|
Furniture and Fixtures |
0.5 |
2.5 |
|
|
|
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
November 2007 |
October 2007 |
|
|
||
Basic Metals |
-27.0 |
-18.4 |
Food Manufacturing |
-7.5 |
-8.8 |
Chemical Products |
-10.7 |
-10.2 |
Electrical Machinery |
-5.3 |
-20.5 |
Footwear and Wearing Apparel* |
-12.8 |
-16.5 |
Textiles |
-16.0 |
-17.7 |
Paper and Paper Products |
-10.7 |
2.7 |
Transport Equipment |
-2.7 |
11.3 |
Publishing and Printing* |
-11.5 |
-11.7 |
Rubber Products |
-17.0 |
-8.2 |
Tobacco |
-1.8 |
-37.0 |
Machinery Excluding Electrical* |
-3.6 |
3.5 |
Petroleum Products |
-0.2 |
19.2 |
Non-Metallic Mineral Products |
-0.1 |
-2.8 |
TABLE 1-B. VOLUME OF PRODUCTION INDEX, October 2007 - November 2007(concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
Chemical Products |
6.2 |
-4.3 |
|
Food Manufacturing |
3.0 |
6.0 |
|
Electrical Machinery |
2.4 |
17.5 |
|
Fabricated Metal Products* |
5.1 |
14.6 |
|
Leather Products* |
16.7 |
-13.5 |
|
Publishing and Printing* |
1.6 |
-6.2 |
|
Furniture and Fixtures |
2.8 |
5.4 |
|
Miscellaneous Manufactures |
1.2 |
-0.3 |
|
|
|
||
Losers |
Month-on-Month Growth (percent) |
|
|
November 2007 | October 2007 (revised) |
||
Transport Equipment |
-15.1 |
6.7 |
|
Footwear and Wearing Apparel* |
-8.3 |
-8.4 |
|
Basic Metals |
-5.7 |
14.9 |
|
Paper and Paper Products |
-12.8 |
4.1 |
|
Beverages |
-3.4 |
16.3 |
|
Textiles |
-5.3 |
1.3 |
|
Machinery Excluding Electrical* |
-9.7 |
9.3 |
|
Rubber Products |
-18.2 |
7.4 |
|
Wood and Wood Products |
-8.3 |
6.3 |
|
Petroleum Products |
-0.2 |
4.4 |
|
Non-Metallic Mineral Products |
-0.4 |
0.7 |
|
Tobacco |
-0.2 |
3.3 |
|
Notes * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based November 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.
TABLE 2-A. VALUE OF NET SALES, October 2007 - November 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
|
|
||
Petroleum Products |
17.9 |
14.3 |
|
Transport Equipment |
27.9 |
41.1 |
|
Beverages |
23.5 |
18.2 |
|
Chemical Products |
9.2 |
0.6 |
|
Furniture and Fixtures |
57.9 |
10.1 |
|
Wood and Wood Products |
27.5 |
16.8 |
|
Tobacco |
6.7 |
5.8 |
|
Paper and Paper Products |
10.4 |
12.8 |
|
Publishing and Printing* |
16.2 |
18.3 |
|
Non-Metallic Mineral Products |
4.5 |
6.3 |
|
Machinery Excluding Electrical* |
4.9 |
14.7 |
|
Miscellaneous Manufactures |
0.1 |
8.1 |
|
|
|
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
November 2007 |
October 2007 |
|
|
||
Basic Metals |
-36.8 |
-23.3 |
Electrical Machinery |
-13.0 |
-13.3 |
Food Manufacturing |
-7.2 |
-3.7 |
Textiles |
-22.8 |
-6.2 |
Footwear and Wearing Apparel* |
-2.2 |
3.0 |
Rubber Products |
-12.6 |
-5.5 |
Leather Products* |
-46.1 |
-47.5 |
Fabricated Metal Products* |
-1.1 |
18.4 |
TABLE 2-A. VALUE OF NET SALES, October 2007 - November 2007(concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
|
|
||
Food Manufacturing |
3.2 |
0.9 |
|
Wood and Wood Products |
9.3 |
3.5 |
|
Paper and Paper Products |
4.0 |
1.8 |
|
Chemical Products |
0.6 |
-2.7 |
|
Beverages |
0.7 |
-1.0 |
|
Publishing and Printing* |
0.2 |
-0.2 |
|
|
|
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
November 2007 |
October 2007 |
|
|
||
Basic Metals |
-20.5 |
4.6 |
Electrical Machinery |
-8.9 |
-3.8 |
Textiles |
-18.3 |
17.2 |
Transport Equipment |
-8.5 |
6.6 |
Footwear and Wearing Apparel* |
-10.2 |
9.5 |
Non-Metallic Mineral Products |
-7.5 |
0.5 |
Petroleum Products |
-1.9 |
11.8 |
Tobacco |
-6.4 |
5.2 |
Miscellaneous Manufactures |
-13.5 |
0.1 |
Machinery Excluding Electrical* |
-9.7 |
12.7 |
Rubber Products |
-13.6 |
-1.2 |
Fabricated Metal Products* |
-0.3 |
13.0 |
Furniture and Fixtures |
-0.8 |
-11.8 |
Leather Products* |
-0.2 |
-7.0 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based November 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month value of net sales by previous year same month value of net sales less 1.
Month-on-month growth rates are computed by dividing the current month value of net sales by previous month value of net sales less 1.
TABLE 2-B. VOLUME OF NET SALES, October 2007 - November 2007 |
|||
---|---|---|---|
Gainers |
Year-on-Year Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
Transport Equipment |
23.0 |
33.0 |
|
Beverages |
20.9 |
17.3 |
|
Furniture and Fixtures |
75.2 |
28.9 |
|
Petroleum Products |
3.1 |
5.3 |
|
Chemical Products |
3.3 |
-3.3 |
|
Wood and Wood Products |
32.6 |
22.9 |
|
Paper and Paper Products |
11.6 |
12.7 |
|
Tobacco |
7.1 |
6.3 |
|
Miscellaneous Manufactures |
18.4 |
21.3 |
|
Fabricated Metal Products* |
1.7 |
21.6 |
|
Machinery Excluding Electrical* |
1.3 |
12.0 |
|
Non-Metallic Mineral Products |
0.1 |
3.9 |
|
|
|
||
Losers |
Year-on-Year Growth (percent) |
|
|
November 2007 | October 2007 (revised) |
||
Basic Metals |
-44.4 |
-33.7 |
|
Food Manufacturing |
-12.0 |
-9.1 |
|
Electrical Machinery |
-8.5 |
-10.3 |
|
Textiles |
-22.9 |
-6.2 |
|
Footwear and Wearing Apparel* |
-2.1 |
-0.2 |
|
Rubber Products |
-12.6 |
-5.2 |
|
Leather Products* |
-49.6 |
-50.9 |
|
Publishing and Printing* |
-3.9 |
-2.1 |
|
TABLE 2-B. VOLUME OF NET SALES, October 2007 - November 2007 (concluded) |
|||
---|---|---|---|
Gainers |
Month-on-Month Growth (percent) |
|
|
November 2007 |
October 2007 |
|
|
|
|
||
Food Manufacturing |
3.5 |
0.4 |
|
Wood and Wood Products |
9.4 |
3.7 |
|
Paper and Paper Products |
4.0 |
1.9 |
|
Chemical Products |
0.1 |
-3.4 |
|
Publishing and Printing* |
0.2 |
-0.2 |
|
|
|
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
November 2007 |
October 2007 |
|
|
||
Basic Metals |
-19.5 |
2.9 |
Electrical Machinery |
-7.7 |
-3.4 |
Petroleum Products |
-4.6 |
8.5 |
Textiles |
-18.1 |
17.0 |
Footwear and Wearing Apparel* |
-9.5 |
8.8 |
Transport Equipment |
-6.6 |
7.0 |
Non-Metallic Mineral Products |
-6.7 |
0.8 |
Tobacco |
-6.4 |
5.2 |
Machinery Excluding Electrical* |
-11.0 |
12.8 |
Miscellaneous Manufactures |
-8.6 |
1.2 |
Rubber Products |
-13.8 |
-1.2 |
Beverages |
-0.6 |
-1.0 |
Furniture and Fixtures |
-3.8 |
-4.7 |
Fabricated Metal Products* |
-0.3 |
13.1 |
Leather Products* |
-0.2 |
-7.0 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based November 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month volume of net sales by previous year same month volume of net sales less 1.
Month-on-month growth rates are computed by dividing the current month volume of net sales by previous month volume of net sales less 1.
Source: National Statistics Office
Manila, Philippines