Table A Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: November 2014 and November 2013
|
||
---|---|---|
TOTAL MANUFACTURING |
November
2014
|
November
2013
|
YEAR-ON-YEAR GROWTH |
|
|
Production Index (2000=100) |
|
|
Value (VaPI) |
7.5 |
13.1 |
Volume (VoPI) |
8.1 |
18.8 |
Net Sales Index (2000=100) |
|
|
Value (VaNSI) |
-0.3 |
32.0 |
Volume (VoNSI) |
0.3 |
38.7 |
Producer Price Index (2000=100) |
-0.6r |
-0.3 |
- Value of Production Index gains in November 2014
Value of Production Index (VaPI) recorded a year-on-year increment of 7.5 percent in November 2014, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was brought about by the output performance of 12 major sectors, with significant increases noted in the following: printing (237.1%), fabricated metal products (56.4%), beverages (49.1%), paper and paper products (16.6%) non-metallic mineral products (16.6%), and leather products (10.3%). Refer to Tables 1-A and 1.
- Volume of Production likewise accelerates in November 2014
Volume of Production Index (VoPI) gained at the rate of 8.1 percent in November 2014. Six of 13 major sectors that posted positive increments in production output, with printing influencing the largest increase of 237.1 percent. The other five major sectors that showed two-digit increases were the following: fabricated metal products (64.7%), beverages (46.6%), non-metallic mineral products (15.8%), paper and paper products (15.0%), and basic metals (14.8%). Refer to Tables 1-B and 2.
- Value of Net Sales Index decelerates in November 2014
Value of Net Sales Index (VaNSI) reflected a minimal annual drop of 0.3 percent in November 2014 compared with two-digit growth of 32.0 percent during the same month last year. This was attributed to the shortfall in sales value observed in eight major sectors, with two-digit decreases observed in the following: footwear and wearing apparel (-23.1%), miscellaneous manufactures (-14.9%), and the heavy weighted petroleum products (-10.4%). Refer to Tables 2-A and 3.
- Volume of Net Sales Index sustains growth in November 2014
Volume of Net Sales Index (VoNSI) maintained a positive growth rate registering at 0.3 percent in November 2014. The increase was pushed by the consistently three-digit expansion of printing (259.6%) and the two-digit growth of seven sectors. These were the following: fabricated metal products (62.6%), wood and wood products (35.2%), textiles (32.2%), basic metals (27.9%), leather products (18.0%), non-metallic mineral products (13.7%), and paper and paper products (11.9%). Refer to Tables 2-B and 4.
- Capacity Utilization in November 2014 is 83.6 percent
Average capacity utilization in October 2014 for total manufacturing stood at 83.6 percent. More than 50 percent or eleven of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:
- basic metals (88.4%)
- petroleum products (88.4%)
- non-metallic mineral products (86.5%)
- electrical machinery (84.7%)
- machinery except electrical (84.7%)
- food manufacturing (84.7 %)
- chemical products (84.5%)
- paper and paper products (83.3%)
- rubber and plastic products (82.6%)
- printing (82.1%)
- wood and wood products (81.4%)
The proportion of establishments that operated at full capacity (90% to 100%) was 24.8 percent in November 2014. About 56.2 percent of the establishments operated at 70% to 89% capacity while 19.0 percent of the establishments operated below 70% capacity. Refer to Table 6 and B.
Table B Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: November 2014 |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50% |
3.5 |
50% - 59% |
5.1 |
60% - 69% |
10.4 |
70% - 79% |
20.5 |
80% - 89% |
35.7 |
90% - 100% |
24.8 |
- Response Rate
The response rates for the November 2014 MISSI and PPS are 74.1 percent and 85.5 percent, respectively. Refer to Tables 7 and 8.
Table C Response Rates For Total Manufacturing
(In percent)
|
||
---|---|---|
|
November 2014 |
October 2014
(Revised)
|
MISSI |
74.1 |
90.6r |
PPS |
85.5 |
94.7r |
Data of non-responding samples were estimated using short term relative of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
November 2014 |
October 2014
(revised)
|
|
Printing |
237.1 |
269.3 |
Beverages |
49.1 |
28.4 |
Food manufacturing |
7.9 |
11.5 |
Fabricated metal products |
56.4 |
42.5 |
Non-metallic mineral products |
16.6 |
13.5 |
Chemical products |
4.6 |
7.5 |
Paper and paper products |
16.6 |
21.4 |
Transport equipment |
4.7 |
3.9 |
Basic metals |
3.8 |
-16.6 |
Textiles |
9.0 |
6.5 |
Leather products |
10.3 |
7.3 |
Wood and wood products |
3.9 |
4.2 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
November 2014 |
October 2014
(revised)
|
|
Petroleum products |
-12.4 |
-9.6 |
Footwear and wearing apparel |
-25.4 |
-11.2 |
Machinery except electrical |
-7.3 |
3.7 |
Electrical machinery |
-3.7 |
-0.5 |
Tobacco products |
-27.0 |
-13.5 |
Rubber and plastic products |
-8.3 |
-2.7 |
Miscellaneous manufactures |
-5.5 |
-9.6 |
Furniture and fixtures |
-9.1 |
-13.8 |
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
November 2014 |
October 2014
(revised)
|
|
Printing |
237.1 |
269.3 |
Beverages |
46.6 |
26.3 |
Fabricated metal products |
64.7 |
50.2 |
Food manufacturing |
4.5 |
6.8 |
Basic metals |
14.8 |
-7.7 |
Non-metallic mineral products |
15.8 |
9.9 |
Petroleum products |
4.1 |
-2.9 |
Paper and paper products |
15.0 |
20.8 |
Chemical products |
2.5 |
5.3 |
Textiles |
7.9 |
5.5 |
Transport equipment |
1.4 |
5.7 |
Leather products |
7.4 |
4.4 |
Wood and wood products |
2.9 |
2.5 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
November 2014 |
October 2014
(revised)
|
|
Electrical machinery |
-4.1 |
-5.2 |
Footwear and wearing apparel |
-23.2 |
-9.6 |
Tobacco products |
-34.5 |
-22.4 |
Machinery except electrical |
-4.3 |
10.1 |
Rubber and plastic products |
-10.2 |
-5.0 |
Furniture and fixtures |
-6.6 |
-2.6 |
Miscellaneous manufactures |
-1.3 |
-5.0 |
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
November 2014 |
October 2014
(revised)
|
|
Printing |
259.6 |
188.1 |
Fabricated metal products |
54.4 |
46.1 |
Basic metals |
15.6 |
-5.6 |
Textiles |
33.6 |
34.9 |
Food manufacturing |
2.9 |
12.2 |
Non-metallic mineral products |
14.5 |
24.9 |
Transport equipment |
8.7 |
3.1 |
Paper and paper products |
13.5 |
8.1 |
Tobacco products |
11.9 |
11.4 |
Wood and wood products |
36.6 |
6.2 |
Leather products |
21.2 |
16.8 |
Rubber and plastic products |
3.4 |
22.9 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
November 2014 |
October 2014
(revised)
|
|
Petroleum products |
-10.4 |
1.8 |
Chemical products |
-9.6 |
-7.0 |
Footwear and wearing apparel |
-23.1 |
-10.2 |
Electrical machinery |
-2.9 |
-1.8 |
Machinery except electrical |
-3.8 |
7.4 |
Miscellaneous manufactures |
-14.9 |
-5.1 |
Beverages |
-1.1 |
7.7 |
Furniture and fixtures |
-5.5 |
-16.6 |
Gainers |
Year-on-Year Growth (%) |
||
---|---|---|---|
November 2014 |
October 2014
(revised)
|
||
Printing |
259.6 |
188.1 |
|
Basic metals |
27.9 |
4.5 |
|
Fabricated metal products |
62.6 |
54.0 |
|
Petroleum products |
6.5 |
9.4 |
|
Textiles |
32.2 |
33.5 |
|
Non-metallic mineral products |
13.7 |
21.0 |
|
Transport equipment |
5.3 |
4.9 |
|
Paper and paper products |
11.9 |
7.6 |
|
Wood and wood products |
35.2 |
4.4 |
|
Leather products |
18.0 |
13.6 |
|
Rubber and plastic products |
1.3 |
20.1 |
|
Tobacco products |
0.4 |
2/ |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
November 2014 |
October 2014
(revised)
|
|
Chemical products |
-11.4 |
-8.9 |
Footwear and wearing apparel |
-20.9 |
-8.6 |
Electrical machinery |
-3.3 |
-6.4 |
Miscellaneous manufactures |
-11.1 |
-0.2 |
Beverages |
-2.7 |
5.9 |
Machinery except electrical |
-0.8 |
14.0 |
Food manufacturing |
-0.4 |
7.5 |
Furniture and fixtures |
-2.9 |
-5.8 |