Table A Year-on-Year Growth Rates of Value and Volume of Production Index, Value and Volume of Net Sales Index and Producer Price Index: November 2011 and October 2011
| Total Manufacturing | November 2011 | October 2011 |
|---|---|---|
| Year-on-Year Growth | ||
| Production Index (2000=100) | ||
| Value (VaPI) | -5.4 | -10.5r |
| Volume (VoPI) | -5.2 | -10.8r |
| Net Sales Index (2000=100) | ||
| Value (VaNSI) | 6.0 | 12.2r |
| Volume (VoNSI) | 6.2 | 11.9r |
| Producer Price Index (2000=100) | -0.2r | 0.3 |
r-revised
- Value of Production continues to decelerate at a slower rate
Value of Production Index (VaPI) for total manufacturing posted a year-on-year decrease of 5.4 percent from a double-digit decrease of 10.5 percent in October 2011, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed by 11 major sectors that reported decreases in production value. Double-digit decreases were observed in the following major sectors: wood and wood products (-28.7%), food manufacturing (-26.6%), machinery except electrical (-20.6%), miscellaneous manufactures (-12.1%) and textiles (-11.2%). Refer to Tables 1-A and 1.
On a monthly basis, VaPI recorded an increase of 6.6 percent from a decline of 6.2 percent in October 2011. This can be attributed to the double-digit increases in electrical machinery (41.6%) and basic metals (14.4%). Refer to Tables 1-A and 1.
- Volume of Production likewise declines in November 2011.
Volume of Production Index (VoPI) continued to decelerate as it registered a slower decline of 5.2 percent in November 2011. Out of 20 major sectors of manufacturing industry, 11 major sectors posted decreases in VoPI. The five major sectors that posted double-digit decreases were as follow: machinery except electrical (-29.8%), wood and wood products (-28.8%), food manufacturing (-28.2%), basic metals (-13.3%) and textiles (-10.8%). Refer to Tables 1-B and 2.
On a month-on-month comparison, VoPI posted an increase of 7.5 percent in November 2011. Double-digit increases in VoPI were observed in the following major sectors: electrical machinery (41.1%), basic metals (13.8%) and furniture and fixtures 10.5%). Refer to Tables 1-B and 2.
- Value of Net Sales exhibits one-digit increase in November 2011
Value of Net Sales Index (VaNSI) continued to grow at a slower rate as it posted a year-on-year increase of 6.0 percent in November 2011. The four major sectors that registered double-digit increases in VaNSI were as follow: chemical products (46.0%), beverages (20.2%), petroleum products (16.8%) and wood and wood products (11.8%). Refer to Tables 2-A and 3.
On a monthly basis, VaNSI decreased by 3.3 percent in November 2011. Double-digit decreases were posted in the following major sectors: transport equipment (-25.7%), leather products (-23.5%), tobacco products (-19.1%), wood and wood products (-14.4%), electrical machinery (-14.3%), miscellaneous manufactures (-13.1%) and textiles (-12.6%). Refer to Tables 2-A and 3.
- Volume of Net Sales likewise posts an increase in November 2011
Volume of Net Sales Index (VoNSI) on a year-on-year basis registered an increment of 6.2 percent in November 2011. Ten major sectors reported increases in net sales volume. Double-digit increases were posted in the following major sectors: furniture and fixtures (53.9%), chemical products (47.4%), beverages (24.8%), transport equipment (21.6%), wood and wood products (11.7%) and non-metallic mineral products (11.1%). Refer to Tables 2-B and 4.
On a month-on-month basis, VoNSI declined by 2.5 percent in November 2011. Significant contributors to the decline were registered in the following major sectors: leather products(-23.5%), transport equipment(-19.2%),tobacco products (-19.1%), electrical machinery (-14.6%), wood and wood products (-14.4%), miscellaneous manufactures (-13.4%) and textiles (-12.5%). Refer to Tables 2-B and 4.
- Capacity Utilization
Average capacity utilization in November 2011 for total manufacturing stood at 83.2 percent. Ten of the 20 major sectors registered capacity utilization rates of more than 80 percent, namely: basic metals (86.9%), petroleum products (86.6%), food manufacturing (86.5%), electrical machinery (85.7%), non-metallic mineral products (84.8%), chemical products (83.3%), rubber and plastic products (82.4%), paper and paper products (82.2%), machinery except electrical (81.6) and miscellaneous manufactures (81.3%). Refer to Table 6.
The proportion of establishments that operated at full capacity (90% to 100%) was 15.1 percent in November 2011. About 60.8 percent of the establishments operated at 70% to 89% capacity while 24.1 percent of the establishments operated below 70% capacity.
| Capacity Utilization | Percent Share |
|---|---|
| Below 50 percent | 5.6 |
| 50 percent - 59 percent | 7.4 |
| 60 percent - 69 percent | 11.1 |
| 70 percent - 79 percent | 17.7 |
| 80 percent - 89 percent | 43.1 |
| 90 percent - 100 percent | 15.1 |
- Response Rates
The response rates for the November 2011 MISSI and PPS are 81.2 percent and 93.1 percent, respectively. Refer to Tables 7 and 8
| November 2011 | October 2011 (revised) |
|
|---|---|---|
| MISSI | 81.2 | 89.9r |
| PPS | 93.1r | 96.5r |
r-revised
- Technical Notes
The Monthly Integrated of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office to provide flash indicators on the performance of growth-oriented industries in the manufacturing sector. The survey gathers monthly data on employment, compensation, production, net sales, inventories and capacity utilization.
The MISSI utilizes the Laspeyres-type method of index computation where the weights are computed from the value of production of the Census of Philippine Business and Industry (CPBI). Rebasing of data series is undertaken as soon as new CPBI are available.
For the 2010 MISSI index series with base year of 2000, the weights of the major sectors and sub-sectors were computed from the results of the 2000 CPBI for manufacturing establishments with average total employment of 20 and over.
The indicators generated from the 2010 MISSI are Value of Production Index (VaPI), Volume of Production Index (VoPI), Value of Net Sales (VaNSI), and Volume of Net Sales (VoNSI). However, the VoPI and VoNSI are derived indicators utilizing the Producer Price Index as deflator.
The industry coverage of the 2010 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors as shown below with 10 further disaggregated into sub-sectors.
| PSIC CODE | INDUSTRY DESCRIPTION |
|---|---|
| 15 except 155 | Food Manufacturing* |
| 155 | Beverages |
| 16 | Tobacco products |
| 17 | Textiles* |
| 18,174 and 192 | Footwear and wearing apparel |
| 191 | Leather products |
| 20 | Wood and wood products* |
| 21 | Paper and paper products |
| 22 | Publishing and printing |
| 23 | Petroleum products* |
| 24 | Chemical products* |
| 25 | Rubber and plastic products* |
| 26 | Non-metallic mineral products* |
| 27 | Basic metals* |
| 28 | Fabricated metal products |
| 29 and 30 | Machinery except electrical* |
| 31 and 32 | Electrical machinery* |
| 34 and 35 | Transport equipment |
| 36 | Furniture and fixtures |
| 33 and 39 | Miscellaneous manufactures |
Note: * - Major sectors categorized into sub-sectors
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 Administrator |
| Gainers | Year-on-Year Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Petroleum Products |
18.5 |
20.7 |
|
Chemical Products |
25.6 |
20.8 |
|
Beverages |
22.8 |
22.0 |
|
Leather Products |
328.3 |
417.9 |
|
Rubber and Plastic Products* |
14.1 |
17.1 |
|
Furniture and Fixtures |
39.3 |
40.6 |
|
Tobacco Products |
7.4 |
15.7 |
|
Non-Metallic Mineral Products |
3.6 |
7.9 |
|
Publishing and Printing |
5.8 |
1.9 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Food Manufacturing |
-26.6 |
-23.9 |
|
Machinery Except Electrical |
-20.6 |
-20.6 |
|
Basic Metals |
-8.6 |
-28.8 |
|
Transport Equipment |
-6.1 |
-7.3 |
|
Miscellaneous Manufactures |
-12.1 |
-36.1 |
|
Textiles |
-11.2 |
-0.3 |
|
Footwear and Wearing Apparel |
-5.4 |
-16.6 |
|
Wood and Wood Products |
-28.7 |
6.5 |
|
Fabricated Metal Products |
-9.6 |
-9.1 |
|
Electrical Machinery |
-0.1 |
-28.9 |
|
Paper and Paper Products |
-0.1 |
-7.8 |
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Electrical Machinery |
41.6 |
-33.1 |
|
Food Manufacturing |
5.1 |
6.5 |
|
Basic Metals |
14.4 |
-10.8 |
|
Beverages |
3.5 |
-1.8 |
|
Petroleum Products |
1.4 |
-6.4 |
|
Tobacco Products |
2.8 |
-8.6 |
|
Furniture and Fixtures |
5.9 |
5.1 |
|
Machinery Except Electrical |
0.3 |
6.8 |
|
Publishing and Printing |
2.3 |
4.4 |
|
Paper and Paper Products |
0.3 |
-18.6 |
|
Leather Products |
0.8 |
72.4 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Footwear and Wearing Apparel |
-9.1 |
-14.3 |
|
Textiles |
-11.5 |
-5.7 |
|
Wood and Wood Products |
-17.8 |
11.3 |
|
Miscellaneous Manufactures |
-4.8 |
-19.5 |
|
Non-Metallic Mineral Products |
-3.1 |
-0.4 |
|
Fabricated Metal Products |
-4.3 |
-10.1 |
|
Transport Equipment |
-0.6 |
-2.9 |
|
Chemical Products |
-0.3 |
4.5 |
|
Rubber and Plastic Products |
-0.2 |
4.5 |
Notes:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based November 2011 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.
| Gainers | Year-on-Year Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Chemical Products |
26.8 |
23.3 |
|
Beverages |
27.6 |
26.8 |
|
Transport Equipment |
28.5 |
17.1 |
|
Furniture and Fixtures |
157.5 |
144.0 |
|
Leather Products |
330.8 |
421.2 |
|
Rubber and Plastic Products* |
10.5 |
11.5 |
|
Non-Metallic Mineral Products |
7.1 |
11.6 |
|
Publishing and Printing |
5.8 |
1.9 |
|
Tobacco Products |
2.6 |
10.5 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Food Manufacturing |
-28.2 |
-26.3 |
|
Machinery Except Electrical |
-29.8 |
-28.2 |
|
Electrical Machinery |
-3.8 |
-29.5 |
|
Basic Metals |
-13.3 |
-32.7 |
|
Textiles |
-10.8 |
-1.5 |
|
Wood and Wood Products |
-28.8 |
6.4 |
|
Footwear and Wearing Apparel |
-4.8 |
-17.4 |
|
Paper and Paper Products |
-6.4 |
-5.0 |
|
Fabricated Metal Products |
-7.4 |
-8.0 |
|
Petroleum Products |
-0.3 |
-4.7 |
|
Miscellaneous Manufactures |
-0.6 |
-30.0 |
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Electrical Machinery |
41.1 |
-33.5 |
|
Food Manufacturing |
5.3 |
6.8 |
|
Basic Metals |
13.8 |
-11.1 |
|
Transport Equipment |
8.2 |
-3.5 |
|
Petroleum Products |
2.5 |
-5.7 |
|
Beverages |
3.5 |
-1.7 |
|
Furniture and Fixtures |
10.5 |
2.5 |
|
Tobacco Products |
2.8 |
-8.6 |
|
Publishing and Printing |
2.3 |
4.4 |
|
Rubber and Plastic Products* |
0.7 |
4.7 |
|
Leather Products |
0.8 |
74.6 |
| Losers | Month-on-Month Growth (%) | |
| November 2011 | October 2011 (revised) |
|
|
Footwear and Wearing Apparel |
-8.1 |
-14.8 |
|
Textiles |
-11.4 |
-5.7 |
|
Miscellaneous Manufactures |
-5.1 |
-17.2 |
|
Wood and Wood Products |
-17.8 |
11.3 |
|
Non-Metallic Mineral Products |
-3.0 |
1.8 |
|
Paper and Paper Products |
-3.5 |
-17.4 |
|
Fabricated Metal Products |
-4.1 |
-10.9 |
|
Chemical Products |
-0.7 |
4.7 |
|
Machinery Except Electrical |
b/ |
1.7 |
Notes
* - new sector in the 2000-based series
b/ - Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 2000-based November 2011 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.
| Gainers | Year-on-Year Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Chemical Products |
46.0 |
37.6 |
|
Petroleum Products |
16.8 |
32.9 |
|
Beverages |
20.2 |
17.5 |
|
Non-Metallic Mineral Products |
7.5 |
13.8 |
|
Wood and Wood Products |
11.8 |
20.7 |
|
Rubber and Plastic Products* |
4.4 |
-20.3 |
|
Publishing and Printing |
2.9 |
-15.8 |
|
Paper and Paper Products |
0.8 |
-11.2 |
|
Machinery Except Electrical |
0.2 |
1.6 |
|
Leather Products |
1.3 |
25.7 |
| Losers | Year-on-Year Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Electrical Machinery |
-7.3 |
2.1 |
|
Tobacco Products |
-29.7 |
30.7 |
|
Transport Equipment |
-11.1 |
7.4 |
|
Textiles |
-12.0 |
-0.7 |
|
Miscellaneous Manufactures |
-8.9 |
-22.8 |
|
Fabricated Metal Products |
-12.4 |
-7.4 |
|
Furniture and Fixtures |
-16.7 |
-2.9 |
|
Basic Metals |
-2.8 |
-7.5 |
|
Food Manufacturing |
-0.6 |
14.8 |
|
Footwear and Wearing Apparel |
-3.0 |
-8.7 |
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Basic Metals |
12.1 |
-15.7 |
|
Food Manufacturing |
3.0 |
4.4 |
|
Chemical Products |
3.4 |
6.6 |
|
Beverages |
5.7 |
1.3 |
|
Machinery Except Electrical |
0.7 |
3.6 |
|
Paper and Paper Products |
2.9 |
-5.0 |
|
Furniture and Fixtures |
4.4 |
6.9 |
|
Publishing and Printing |
1.0 |
10.3 |
|
Rubber and Plastic Products* |
0.3 |
-1.3 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Electrical Machinery |
-14.3 |
15.1 |
|
Transport Equipment |
-25.7 |
1.3 |
|
Petroleum Products |
-8.8 |
4.0 |
|
Tobacco Products |
-19.1 |
-4.7 |
|
Miscellaneous Manufactures |
-13.1 |
-20.4 |
|
Textiles |
-12.6 |
-8.5 |
|
Footwear and Wearing Apparel |
-5.2 |
-17.9 |
|
Fabricated Metal Products |
-5.8 |
-5.6 |
|
Wood and Wood Products |
-14.4 |
16.9 |
|
Non-Metallic Mineral Products |
-2.1 |
2.9 |
|
Leather Products |
-23.5 |
31.0 |
* - new sector in the 2000-based series
b/ - Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 2000-based November 2011 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.
| Gainers | Month-on-Month Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Food Manufacturing |
3.2 |
4.2 |
|
Basic Metals |
11.5 |
-16.0 |
|
Chemical Products |
2.9 |
6.8 |
|
Beverages |
5.7 |
1.3 |
|
Furniture and Fixtures |
9.0 |
4.3 |
|
Machinery Except Electrical |
0.4 |
-0.8 |
|
Rubber and Plastic Products* |
1.3 |
-1.1 |
|
Publishing and Printing |
1.0 |
10.3 |
| Losers | Month-on-Month Growth (%) | |
|---|---|---|
| November 2011 | October 2011 (revised) |
|
|
Electrical Machinery |
-14.6 |
14.5 |
|
Transport Equipment |
-19.2 |
0.6 |
|
Petroleum Products |
-7.8 |
4.8 |
|
Tobacco Products |
-19.1 |
-4.7 |
|
Miscellaneous Manufactures |
-13.4 |
-18.1 |
|
Textiles |
-12.5 |
-8.5 |
|
Footwear and Wearing Apparel |
-4.3 |
-18.4 |
|
Fabricated Metal Products |
-5.6 |
-6.5 |
|
Wood and Wood Products |
-14.4 |
16.9 |
|
Non-Metallic Mineral Products |
-1.9 |
5.1 |
|
Leather Products |
-23.5 |
32.7 |
|
Paper and Paper Products |
-1.0 |
-3.6 |
Note:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based November 2011 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
