r - revised

• Value of Production Index posts a positive annual rate in November 2015

Value of Production Index (VaPI) for total manufacturing reflected a minimal annual growth of 1.0 percent in November 2015, after registering declines in the past seven months, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Among the 15 major sectors that reported increases in VaPI, four major sectors significantly contributed to the growth, namely: tobacco products (54.1%), machinery except electrical (32.5%) leather products (24.9%) and basic metals (11.3%). Refer to Tables 1-A and 1.

• Volume of Production maintains an upward trend

Volume of Production Index (VoPI) continued to grow exhibiting an increment of 7.5 percent in November 2015. Seven of the 11 major sectors that mainly influenced the growth were: tobacco products (52.7%), machinery except electrical (29.6%), basic metals (25.1%), leather products (23.7%), electrical machinery (20.1%), petroleum products (12.5%) and footwear and wearing apparel (12.0%). Refer to Tables 1-B and 2.

• Value of Net Sales Index decreases at a slower rate

Value of Net Sales Index (VaNSI), on a year-on-year basis, decelerated slowly at 5.7 percent in November 2015. Among the 10 major sectors reporting decrements in VaNSI, six major sectors significantly contributed to the decreases, namely: printing    (-61.0%), petroleum products (-21.8%), furniture and fixtures (-21.2%), food manufacturing (-14.8%), textiles (-12.6%) and wood and wood products (-11.0%). Refer to Tables 2-A and 3.

• Volume of Net Sales Index sustains a positive growth

Volume of Net Sales Index (VoNSI) grew as it modestly posted 0.4 percent increase in November 2015. Significant expansions in VoNSI were noted in the following major sectors: tobacco products (69.5%), beverages (23.7%), basic metals (20.1%), electrical machinery (19.7%), wood and wood products (14.0%), rubber and plastic products (12.2%), and fabricated metal products (10.2%). Refer to Tables   2-B and 4.

• Average Capacity Utilization Rate in November 2015 is 83.6 percent

Average capacity utilization rate in November 2015 for total manufacturing was recorded at 83.6 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

• basic metals (88.6%)

• petroleum products (88.4%)

• non-metallic mineral products (86.2%)

• machinery except electrical (85.4%)

• food manufacturing (84.5%)

• electrical machinery (84.4%)

• chemical products (83.9%)

• paper and paper products (83.2%)

• rubber and plastic products (82.6%)

• wood and wood products (80.9%)

• printing (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was     25.4 percent in November 2015. About 55.8 percent of the establishments operated at 70 percent to 89 percent capacity while 18.8 percent of the establishments operated below 70 percent capacity. Refer to Table 6 and B.

• Industry Coverage

The 2015 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2015 MISSI. These are presented in the table below.

• Response Rate        

The response rates for the November 2015 MISSI and PPS are 65.0 and 80.4 percent, respectively.  Refer to Tables 7 and 8.

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.

TABLE 1-A Value of Production Index, October 2015 and November 2015

   (2000 =100)

TABLE 1-B  Volume of Production Index, October 2015 and November 2015

(2000 = 100)

TABLE 2-A  Value of Net Sales Index, October 2015 and November 2015

(2000 =100)

TABLE 2-B  Volume of Net Sales Index, October 2015 and November 2015

(2000 = 100)